Form 4: Icahn Enterprises Director Brett Icahn Reports Tax-Related Disposal of Depositary Units
SEC Form 4 Filing
Brett Icahn, a director at Icahn Enterprises L.P., reported the disposal of 34,179 depositary units to cover tax obligations related to vesting restricted units.
Summary
- On September 30, 2024, Brett Icahn, a director of Icahn Enterprises L.P., disposed of 34,179 depositary units.
- The transaction was executed to satisfy tax obligations associated with the vesting of restricted depositary units and accrued dividends.
- The price per unit was $13.37.
- Following the transaction, Brett Icahn directly owns 345,761 depositary units.
- The restricted depositary units were initially granted on October 1, 2020, under the Icahn Enterprises L.P. 2017 Long-Term Incentive Plan, with 34,179 units vesting on September 30, 2024.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to tax obligations, indicating a neutral sentiment.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine disposal of shares to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 2020-10-01 | Grant date of 239,254 restricted Depositary Units under the Icahn Enterprises L.P. 2017 Long-Term Incentive Plan. |
| 2024-09-30 | Date of transaction: Disposal of 34,179 Depositary Units to satisfy tax obligations. |
| 2024-10-02 | Date of signature on the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.