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

Carl Icahn reports receiving 20,418,007 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 June 25, 2024.
• The filing reports that Mr. Icahn received 20,418,007 Depositary Units as a payment-in-kind dividend.
• The dividend was based on 385,895,979 Depositary Units owned on the dividend record date.
• The price was $15.9612 per unit.
• Following the transaction, Mr. Icahn beneficially owns 406,313,986 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.

Sentiment

Score: 6

Explanation: The document is a standard regulatory filing detailing a dividend transaction. It is neutral in tone and reflects a routine financial event.

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 of changes in beneficial ownership by a major shareholder and board member. It reflects the ongoing investment and involvement of Carl Icahn in Icahn Enterprises L.P.

Stakeholder Impact

• The payment-in-kind dividend may have a minor dilutive effect on existing shareholders.

Key Dates