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

Carl Icahn reports receiving 18,016,077 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 April 22, 2024, reporting a transaction that occurred on April 18, 2024.
• Icahn received 18,016,077 Depositary Units as a payment-in-kind dividend.
• The dividend was based on 367,879,902 Depositary Units owned on the dividend record date.
• The price was $17.3667 per unit.
• Following the transaction, Icahn beneficially owns 385,895,979 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.
• Icahn disclaims beneficial ownership of the units held by these entities except to the extent of his pecuniary interest.
• Icahn also disclaims beneficial ownership of 13,941 Depositary Units owned by his wife, Gail Golden.

Sentiment

Score: 6

Explanation: The document is a standard regulatory filing detailing a transaction. It is neutral in tone and reflects a routine corporate action.

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. It reflects the ongoing investment and involvement of Carl Icahn in Icahn Enterprises L.P.

Stakeholder Impact

• The transaction may have a minor positive impact on shareholders as it reflects continued investment by a major shareholder.

Key Dates