Icahn Enterprises (NASDAQ: IEP) updates CFO awards, settles 20,486 units in cash
Rhea-AI Filing Summary
ICAHN ENTERPRISES L.P. (IEP) reports that Chief Financial Officer Robert Flint received a grant of 6,648 Deferred Depositary Units on August 14, 2026 under the 2017 Long-Term Incentive Plan; these units vest in full on October 31, 2028 and are settled solely in cash. Earlier, in connection with an Employment Letter effective May 6, 2026, a prorated portion of previously granted Deferred Depositary Units, totaling 20,486 units, vested through that date and were settled in cash, while 22,610 unvested units were forfeited. On May 6, 2026, 20,486 Depositary Units were issued upon exercise of deferred units and then disposed to the issuer at $7.8829 per unit, with the reported price excluding credited dividend equivalents.
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Insights
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Insider Trade Summary
20,486 shares exercised/converted
Exercise
5 txns
Insider
Flint Robert
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Deferred Depositary Units F6 | 6,648 | $0.00 | $0.00 |
| Exercise | Deferred Depositary Units F1, F2 | 20,486 | $0.00 | $0.00 |
| Disposition | Deferred Depositary Units F1, F3 | 22,610 | $0.00 | $0.00 |
| Exercise | Depositary Units F4, F1, F2 | 20,486 | -- | -- |
| Disposition | Depositary Units F4, F5 | 20,486 | $7.8829 | $161K |
Holdings After Transaction:
Deferred Depositary Units — 27,134 shares (Direct);
Depositary Units — 0 shares (Direct)
Footnotes (6)
- F1. The deferred depositary units ("Deferred Depositary Units") previously granted pursuant to the Icahn Enterprises L.P. 2017 Long-Term Incentive Plan. Each Deferred Depositary Unit represents the equivalent of one Depositary Unit representing a limited partner interest of Icahn Enterprises L.P. (the "Issuer"). The Deferred Depositary Units were originally scheduled to vest on December 2, 2027.
- F2. In connection with the Issuer entering into an employment letter agreement dated May 4, 2026 ("Employment Letter") effective as of May 6, 2026 (the "Effective Date") with the Reporting Person, a prorated number of such Deferred Depositary Units (together with any dividend equivalents credited with respect to such vested Deferred Units) vested through and including the Effective Date and were settled in cash in accordance with the Deferred Unit Agreement, less applicable tax and payroll withholdings.
- F3. In connection with the Employment Letter, the Reporting Person agreed to, among other things, forfeit any unvested Deferred Depositary Units (together with any dividend equivalents credited with respect to such unvested Deferred Units) that did not vest in accordance with the foregoing.
- F4. Depositary Units representing limited partner interests in the Issuer.
- F5. The reported price excludes credited dividend equivalents.
- F6. The Deferred Depositary Units were granted pursuant to the Icahn Enterprises L.P. 2017 Long-Term Incentive Plan. Each Deferred Depositary Unit represents the equivalent of one Depositary Unit representing a limited partner interest of the Issuer. The Deferred Depositary Units will vest in full on October 31, 2028, subject to the terms, conditions and restrictions of the award agreement governing the grant, and are settled solely in cash in accordance with the terms thereof.
Key Figures
Deferred Depositary Units granted: 6,648 units
Deferred Depositary Units vested and settled in cash: 20,486 units
Deferred Depositary Units forfeited: 22,610 units
+3 more
6 metrics
Deferred Depositary Units granted
6,648 units
Grant to CFO Robert Flint on 2026-08-14 vesting on 2028-10-31, cash-settled
Deferred Depositary Units vested and settled in cash
20,486 units
Prorated vesting through 2026-05-06 under Employment Letter, settled in cash
Deferred Depositary Units forfeited
22,610 units
Unvested units forfeited in connection with Employment Letter on 2026-05-06
Depositary Units acquired via conversion
20,486 units
Depositary Units received on 2026-05-06 upon exercise/conversion of deferred units
Depositary Units disposed to issuer
20,486 units
Disposition of Depositary Units to issuer on 2026-05-06
Disposition price per Depositary Unit
$7.8829 per unit
Price for 20,486 Depositary Units disposed to issuer; excludes dividend equivalents
Key Terms
Deferred Depositary Units, Depositary Units, dividend equivalents, Employment Letter, +1 more
5 terms
Deferred Depositary Units financial
"The deferred depositary units ("Deferred Depositary Units") previously granted pursuant"
Depositary Units financial
"Each Deferred Depositary Unit represents the equivalent of one Depositary Unit repres"
dividend equivalents financial
"together with any dividend equivalents credited with respect to such vested Deferred"
Payments tied to employee or contractor equity awards that mirror the cash dividends paid on the company’s stock; they give the holder the same economic benefit as owning the shares without transferring actual shares—often paid in cash or additional award units when the award becomes payable. Investors care because these payments affect a company’s compensation costs, cash flow and potential share dilution, and they signal how management is being rewarded and aligned with shareholders.
Employment Letter financial
"In connection with the Issuer entering into an employment letter agreement dated May"
2017 Long-Term Incentive Plan financial
"granted pursuant to the Icahn Enterprises L.P. 2017 Long-Term Incentive Plan. Each De"
FAQ
What equity award did IEP grant to CFO Robert Flint on August 14, 2026?
IEP granted Robert Flint 6,648 Deferred Depositary Units on August 14, 2026 under its 2017 Long-Term Incentive Plan. Each Deferred Depositary Unit equals one Depositary Unit and will vest in full on October 31, 2028, with settlement made solely in cash.
How were Robert Flint’s previously granted Deferred Depositary Units treated under IEP’s May 2026 Employment Letter?
Under the Employment Letter effective May 6, 2026, a prorated number of Deferred Depositary Units, totaling 20,486 units, vested through that date. These vested units, including related dividend equivalents, were settled in cash, less applicable tax and payroll withholdings.
How many Deferred Depositary Units were forfeited by IEP’s CFO Robert Flint?
In connection with the Employment Letter, Robert Flint agreed to forfeit 22,610 unvested Deferred Depositary Units, including any related dividend equivalents. These units did not vest under the revised vesting terms and were therefore forfeited to the issuer.
What transaction did IEP report for 20,486 Depositary Units on May 6, 2026?
On May 6, 2026, 20,486 Deferred Depositary Units were exercised or converted into an equal number of Depositary Units. Those 20,486 Depositary Units were then disposed to the issuer at $7.8829 per unit, with the price excluding credited dividend equivalents.
How do IEP’s Deferred Depositary Units relate to its Depositary Units (IEP)?
Each Deferred Depositary Unit represents the equivalent of one Depositary Unit representing a limited partner interest in Icahn Enterprises L.P. These awards are governed by the 2017 Long-Term Incentive Plan and, in these instances, are settled solely in cash upon vesting.
AI-generated analysis. How Rhea-AI works. Not financial advice.
