Icahn Enterprises (IEP) CFO Robert Flint Sells 20,486 Shares

What Happened

• Robert Flint, Chief Financial Officer of Icahn Enterprises L.P. (IEP), had a prorated portion of deferred depositary units vest effective May 6, 2026 under an employment letter. A conversion/exercise and a disposition to the issuer resulted in the sale of 20,486 units for $7.88 each, netting $161,489. Several other derivative-related entries show zero-dollar dispositions (cancellations/settlements) on May 6, 2026. On August 14, 2026 Flint received an award of 6,648 deferred depositary units (settled in cash when they vest).

Key Details

• Transaction dates and amounts:
  • May 6, 2026: Exercise/conversion and disposition to issuer of 20,486 units at $7.88 → $161,489.
  • May 6, 2026: Additional derivative-related dispositions shown at $0.00 (reflecting cash settlement/forfeiture; see footnotes).
  • Aug 14, 2026: Grant of 6,648 deferred depositary units (no cash paid).
• Shares owned after transaction: Not reported in the provided filing excerpt.
• Notable footnotes:
  • The units were Deferred Depositary Units under the 2017 Long‑Term Incentive Plan and ordinarily vested later; the Employment Letter accelerated prorated vesting through the May 6 effective date and those vested units were settled in cash, less applicable tax and payroll withholdings (F1–F3, F5).
  • Flint agreed to forfeit any unvested deferred units that did not vest per the Employment Letter (F3).
  • The 6,648-unit grant will vest on Oct 31, 2028 subject to award terms and is cash‑settled (F6).
• Filing timeliness: The Form 4 was filed Aug 18, 2026 reporting transactions dated May 6 and Aug 14, 2026 — this appears to be a late filing, which reduces immediate public transparency.

Context

• These transactions involve deferred depositary units (derivative awards) that were converted/settled and largely settled in cash rather than resulting in long‑term open‑market ownership. When derivatives are exercised and immediately surrendered or cash‑settled, the action is administrative (tax withholding/settlement) rather than a straightforward market buy or sell signal.
• Sales following vesting or as part of employment‑agreement settlements are common and do not necessarily indicate management sentiment about the company’s prospects.