Icahn Enterprises enters new CFO employment agreement with NAV-based incentive through 2028

ICAHN ENTERPRISES L.P.

CFO Ted Papapostolou signs employment letter effective Sept 26, 2024, with term through June 30, 2028.
Annualized salary draw of $2.2M against NAV Incentive: 1% of Adjusted NAV increase above 5% annual return, capped at $17,075,616.
Prorated bonus of $295,082 paid; prior Deferred Units partially vested (prorated from Dec 2021) and cash-settled; unvested units forfeited.
Non-competition and non-solicitation covenants apply for one year post-employment; confidentiality and non-disparagement provisions included.

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