Form 4: Icahn Enterprises Chief Accounting Officer Receives Deferred Depository Units

Icahn Enterprises' Chief Accounting Officer, Robert Flint, was granted 43,069 deferred depository units under the company's 2017 Long-Term Incentive Plan.

Summary

• Robert Flint, the Chief Accounting Officer of Icahn Enterprises L.P., received 43,069 deferred depository units on December 2, 2024.
• These units were granted under the company's 2017 Long-Term Incentive Plan.
• Each deferred depository unit represents one depositary unit, which is equivalent to a limited partner interest in the company.
• The deferred depository units will fully vest on December 2, 2027.
• The units are payable in depositary units or cash at the discretion of the Issuer's board of directors.

Sentiment

Score: 7

Explanation: The document reflects a standard executive compensation practice, which is generally viewed positively as it aligns management interests with shareholders. There are no negative implications.

Positives

• The grant of deferred depository units aligns the Chief Accounting Officer's interests with the long-term performance of the company.
• The vesting period of three years encourages long-term commitment from the officer.

Future Outlook

The deferred depository units will vest in full on December 2, 2027, subject to the terms, conditions and restrictions of the award agreement governing the grant, and are payable in Depositary Units or cash at the election of the Issuer's board of directors.

Industry Context

The granting of deferred depository units is a common practice for incentivizing key executives in publicly traded companies, aligning their interests with those of shareholders.

Comparison to Industry Standards

• Many companies use equity-based compensation, such as deferred stock units, to incentivize executives.
• The vesting period of three years is a typical timeframe for such grants.
• The flexibility for the company to pay in either cash or units is also a common practice.

Stakeholder Impact

• Shareholders may view this as a positive sign of aligning management interests with long-term company performance.
• Employees may see this as a standard practice for executive compensation.

Key Dates

Keywords

Icahn Enterprises, Deferred Depository Units, Long-Term Incentive Plan, Robert Flint, Chief Accounting Officer, Equity Compensation, Vesting