Form 4: Icahn Enterprises L.P.: Carl Icahn Receives Payment-in-Kind Dividend

Carl Icahn reports receiving 17,581,237 Depositary Units of Icahn Enterprises L.P. as a payment-in-kind dividend.

Summary

• Carl Icahn, Chairman of the Board of Icahn Enterprises L.P., filed a Form 4 on December 27, 2024.
• The filing reports that Mr. Icahn received 17,581,237 Depositary Units as a payment-in-kind dividend on December 26, 2024.
• The dividend was based on 433,206,933 Depositary Units owned on the dividend record date.
• The price was $9.7606 per unit.
• Following the transaction, Mr. Icahn beneficially owns 450,788,170 Depositary Units indirectly through various entities.
• These entities include CCI Onshore LLC, Gascon Partners, High Coast Limited Partnership, Highcrest Investors LLC, and Thornwood Associates Limited Partnership.
• Mr. Icahn disclaims beneficial ownership of these units except to the extent of his pecuniary interest.
• Mr. Icahn may be deemed to indirectly beneficially own 12,008 Depository Units owned by his wife, Gail Golden, which are not included in the total reported.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing a transaction. It doesn't convey strong positive or negative sentiment.

Positives

• The receipt of a payment-in-kind dividend increases Carl Icahn's holdings in Icahn Enterprises L.P.

Industry Context

This filing is a routine disclosure related to changes in beneficial ownership by a company insider and major shareholder.

Stakeholder Impact

• The transaction may have a minor impact on shareholders due to the increase in Icahn's holdings.

Key Dates