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Huntsman CORP Major Shareholding Notification 2021

Sep 27, 2021

31896_mrq_2021-09-27_3d3d7c4c-9431-40c5-a98f-8013ab6bf368.zip

Major Shareholding Notification

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SC 13D 1 sc13d06297302_09272021.htm THE SCHEDULE 13D

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13D

(Rule 13d-101)

INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT

TO § 240.13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO

§ 240.13d-2(a)

(Amendment No. ) 1

Huntsman Corporation

(Name of Issuer)

Common Stock, par value $0.01 per share

(Title of Class of Securities)

447011107

(CUSIP Number)

JEFFREY C. SMITH

STARBOARD VALUE LP

777 Third Avenue, 18th Floor

New York, New York 10017

(212) 845-7977

STEVE WOLOSKY, ESQ.

ANDREW FREEDMAN, ESQ.

OLSHAN FROME WOLOSKY LLP

1325 Avenue of the Americas

New York, New York 10019

(212) 451-2300

(Name, Address and Telephone Number of Person

Authorized to Receive Notices and Communications)

September 15, 2021

(Date of Event Which Requires Filing of This Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box ¨ .

Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See § 240.13d-7 for other parties to whom copies are to be sent.

Field: Rule-Page

Field: /Rule-Page

1 The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes ).

Field: Page; Sequence: 1

CUSIP No. 447011107

Field: /Page

NAME OF REPORTING PERSON
STARBOARD VALUE LP
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☐
(b) ☐
3 SEC USE ONLY
4 SOURCE OF FUNDS
OO
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)
6 CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 18,602,818
OWNED BY 8 SHARED VOTING POWER
EACH
REPORTING - 0 -
PERSON WITH 9 SOLE DISPOSITIVE POWER
18,602,818
10 SHARED DISPOSITIVE POWER
- 0 -
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
18,602,818*
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
8.4%
14 TYPE OF REPORTING PERSON
PN
  • Includes 7,004,674 Shares underlying certain forward purchase contracts exercisable within 60 days hereof.

Field: Page; Sequence: 2

2

CUSIP No. 447011107

Field: /Page

NAME OF REPORTING PERSON
STARBOARD VALUE AND OPPORTUNITY MASTER FUND LTD
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☐
(b) ☐
3 SEC USE ONLY
4 SOURCE OF FUNDS
WC
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)
6 CITIZENSHIP OR PLACE OF ORGANIZATION
CAYMAN ISLANDS
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 8,174,516
OWNED BY 8 SHARED VOTING POWER
EACH
REPORTING - 0 -
PERSON WITH 9 SOLE DISPOSITIVE POWER
8,174,516
10 SHARED DISPOSITIVE POWER
- 0 -
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
8,174,516*
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
3.7%
14 TYPE OF REPORTING PERSON
CO
  • Includes 4,481,449 Shares underlying certain forward purchase contracts exercisable within 60 days hereof.

Field: Page; Sequence: 3

3

CUSIP No. 447011107

Field: /Page

NAME OF REPORTING PERSON
STARBOARD VALUE AND OPPORTUNITY S LLC
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☐
(b) ☐
3 SEC USE ONLY
4 SOURCE OF FUNDS
WC
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)
6 CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 1,390,834
OWNED BY 8 SHARED VOTING POWER
EACH
REPORTING - 0 -
PERSON WITH 9 SOLE DISPOSITIVE POWER
1,390,834
10 SHARED DISPOSITIVE POWER
- 0 -
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,390,834*
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
Less than 1%
14 TYPE OF REPORTING PERSON
OO
  • Includes 546,525 Shares underlying certain forward purchase contracts exercisable within 60 days hereof.

Field: Page; Sequence: 4

4

CUSIP No. 447011107

Field: /Page

NAME OF REPORTING PERSON
STARBOARD VALUE AND OPPORTUNITY C LP
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☐
(b) ☐
3 SEC USE ONLY
4 SOURCE OF FUNDS
WC
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)
6 CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 830,599
OWNED BY 8 SHARED VOTING POWER
EACH
REPORTING - 0 -
PERSON WITH 9 SOLE DISPOSITIVE POWER
830,599
10 SHARED DISPOSITIVE POWER
- 0 -
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
830,599*
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
Less than 1%
14 TYPE OF REPORTING PERSON
PN
  • Includes 326,981 Shares underlying certain forward purchase contracts exercisable within 60 days hereof.

Field: Page; Sequence: 5

5

CUSIP No. 447011107

Field: /Page

NAME OF REPORTING PERSON
STARBOARD P FUND LP
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☐
(b) ☐
3 SEC USE ONLY
4 SOURCE OF FUNDS
WC
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)
6 CITIZENSHIP OR PLACE OF ORGANIZATION
CAYMAN ISLANDS
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 1,267,328
OWNED BY 8 SHARED VOTING POWER
EACH
REPORTING - 0 -
PERSON WITH 9 SOLE DISPOSITIVE POWER
1,267,328
10 SHARED DISPOSITIVE POWER
- 0 -
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,267,328
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
Less than 1%
14 TYPE OF REPORTING PERSON
PN

Field: Page; Sequence: 6

6

CUSIP No. 447011107

Field: /Page

NAME OF REPORTING PERSON
STARBOARD VALUE P GP LLC
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☐
(b) ☐
3 SEC USE ONLY
4 SOURCE OF FUNDS
OO
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)
6 CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 1,267,328
OWNED BY 8 SHARED VOTING POWER
EACH
REPORTING - 0 -
PERSON WITH 9 SOLE DISPOSITIVE POWER
1,267,328
10 SHARED DISPOSITIVE POWER
- 0 -
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,267,328
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
Less than 1%
14 TYPE OF REPORTING PERSON
OO

Field: Page; Sequence: 7

7

CUSIP No. 447011107

Field: /Page

NAME OF REPORTING PERSON
STARBOARD VALUE R LP
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☐
(b) ☐
3 SEC USE ONLY
4 SOURCE OF FUNDS
OO
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)
6 CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 2,097,927
OWNED BY 8 SHARED VOTING POWER
EACH
REPORTING - 0 -
PERSON WITH 9 SOLE DISPOSITIVE POWER
2,097,927
10 SHARED DISPOSITIVE POWER
- 0 -
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,097,927*
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
Less than 1%
14 TYPE OF REPORTING PERSON
PN
  • Includes 326,981 Shares underlying certain forward purchase contracts exercisable within 60 days hereof.

Field: Page; Sequence: 8

8

CUSIP No. 447011107

Field: /Page

NAME OF REPORTING PERSON
STARBOARD VALUE AND OPPORTUNITY MASTER FUND L LP
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☐
(b) ☐
3 SEC USE ONLY
4 SOURCE OF FUNDS
WC
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)
6 CITIZENSHIP OR PLACE OF ORGANIZATION
CAYMAN ISLANDS
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 581,804
OWNED BY 8 SHARED VOTING POWER
EACH
REPORTING - 0 -
PERSON WITH 9 SOLE DISPOSITIVE POWER
581,804
10 SHARED DISPOSITIVE POWER
- 0 -
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
581,804*
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
Less than 1%
14 TYPE OF REPORTING PERSON
PN
  • Includes 244,072 Shares underlying certain forward purchase contracts exercisable within 60 days hereof.

Field: Page; Sequence: 9

9

CUSIP No. 447011107

Field: /Page

NAME OF REPORTING PERSON
STARBOARD VALUE L LP
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☐
(b) ☐
3 SEC USE ONLY
4 SOURCE OF FUNDS
OO
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)
6 CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 581,804
OWNED BY 8 SHARED VOTING POWER
EACH
REPORTING - 0 -
PERSON WITH 9 SOLE DISPOSITIVE POWER
581,804
10 SHARED DISPOSITIVE POWER
- 0 -
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
581,804*
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
Less than 1%
14 TYPE OF REPORTING PERSON
PN
  • Includes 244,072 Shares underlying certain forward purchase contracts exercisable within 60 days hereof.

Field: Page; Sequence: 10

10

CUSIP No. 447011107

Field: /Page

NAME OF REPORTING PERSON
STARBOARD VALUE R GP LLC
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☐
(b) ☐
3 SEC USE ONLY
4 SOURCE OF FUNDS
OO
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)
6 CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 2,679,731
OWNED BY 8 SHARED VOTING POWER
EACH
REPORTING - 0 -
PERSON WITH 9 SOLE DISPOSITIVE POWER
2,679,731
10 SHARED DISPOSITIVE POWER
- 0 -
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,679,731*
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.2%
14 TYPE OF REPORTING PERSON
OO
  • Includes 571,053 Shares underlying certain forward purchase contracts exercisable within 60 days hereof.

Field: Page; Sequence: 11

11

CUSIP No. 447011107

Field: /Page

NAME OF REPORTING PERSON
STARBOARD LEADERS ECHO II LLC
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☐
(b) ☐
3 SEC USE ONLY
4 SOURCE OF FUNDS
WC
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)
6 CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 190,258
OWNED BY 8 SHARED VOTING POWER
EACH
REPORTING - 0 -
PERSON WITH 9 SOLE DISPOSITIVE POWER
190,258
10 SHARED DISPOSITIVE POWER
- 0 -
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
190,258
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
Less than 1%
14 TYPE OF REPORTING PERSON
OO

Field: Page; Sequence: 12

12

CUSIP No. 447011107

Field: /Page

NAME OF REPORTING PERSON
STARBOARD LEADERS FUND LP
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☐
(b) ☐
3 SEC USE ONLY
4 SOURCE OF FUNDS
OO
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)
6 CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 190,258
OWNED BY 8 SHARED VOTING POWER
EACH
REPORTING - 0 -
PERSON WITH 9 SOLE DISPOSITIVE POWER
190,258
10 SHARED DISPOSITIVE POWER
- 0 -
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
190,258
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
Less than 1%
14 TYPE OF REPORTING PERSON
PN

Field: Page; Sequence: 13

13

CUSIP No. 447011107

Field: /Page

NAME OF REPORTING PERSON
STARBOARD VALUE A LP
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☐
(b) ☐
3 SEC USE ONLY
4 SOURCE OF FUNDS
OO
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)
6 CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 2,917,373
OWNED BY 8 SHARED VOTING POWER
EACH
REPORTING - 0 -
PERSON WITH 9 SOLE DISPOSITIVE POWER
2,917,373
10 SHARED DISPOSITIVE POWER
- 0 -
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,917,373
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.3%
14 TYPE OF REPORTING PERSON
PN

Field: Page; Sequence: 14

14

CUSIP No. 447011107

Field: /Page

NAME OF REPORTING PERSON
STARBOARD VALUE A GP LLC
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☐
(b) ☐
3 SEC USE ONLY
4 SOURCE OF FUNDS
OO
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)
6 CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 2,917,373
OWNED BY 8 SHARED VOTING POWER
EACH
REPORTING - 0 -
PERSON WITH 9 SOLE DISPOSITIVE POWER
2,917,373
10 SHARED DISPOSITIVE POWER
- 0 -
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,917,373
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.3%
14 TYPE OF REPORTING PERSON
OO

Field: Page; Sequence: 15

15

CUSIP No. 447011107

Field: /Page

NAME OF REPORTING PERSON
STARBOARD X MASTER FUND LTD
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☐
(b) ☐
3 SEC USE ONLY
4 SOURCE OF FUNDS
WC
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)
6 CITIZENSHIP OR PLACE OF ORGANIZATION
CAYMAN ISLANDS
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 1,572,656
OWNED BY 8 SHARED VOTING POWER
EACH
REPORTING - 0 -
PERSON WITH 9 SOLE DISPOSITIVE POWER
1,572,656
10 SHARED DISPOSITIVE POWER
- 0 -
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,572,656*
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
Less than 1%
14 TYPE OF REPORTING PERSON
CO
  • Includes 614,065 Shares underlying certain forward purchase contracts exercisable within 60 days hereof.

Field: Page; Sequence: 16

16

CUSIP No. 447011107

Field: /Page

NAME OF REPORTING PERSON
STARBOARD G FUND, L.P.
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☐
(b) ☐
3 SEC USE ONLY
4 SOURCE OF FUNDS
WC
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)
6 CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 2,727,115
OWNED BY 8 SHARED VOTING POWER
EACH
REPORTING - 0 -
PERSON WITH 9 SOLE DISPOSITIVE POWER
2,727,115
10 SHARED DISPOSITIVE POWER
- 0 -
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,727,115
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.2%
14 TYPE OF REPORTING PERSON
PN

Field: Page; Sequence: 17

17

CUSIP No. 447011107

Field: /Page

NAME OF REPORTING PERSON
STARBOARD VALUE G GP, LLC
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☐
(b) ☐
3 SEC USE ONLY
4 SOURCE OF FUNDS
OO
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)
6 CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 2,727,115
OWNED BY 8 SHARED VOTING POWER
EACH
REPORTING - 0 -
PERSON WITH 9 SOLE DISPOSITIVE POWER
2,727,115
10 SHARED DISPOSITIVE POWER
- 0 -
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,727,115
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.2%
14 TYPE OF REPORTING PERSON
OO

Field: Page; Sequence: 18

18

CUSIP No. 447011107

Field: /Page

NAME OF REPORTING PERSON
STARBOARD VALUE GP LLC
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☐
(b) ☐
3 SEC USE ONLY
4 SOURCE OF FUNDS
OO
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)
6 CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 18,602,818
OWNED BY 8 SHARED VOTING POWER
EACH
REPORTING - 0 -
PERSON WITH 9 SOLE DISPOSITIVE POWER
18,602,818
10 SHARED DISPOSITIVE POWER
- 0 -
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
18,602,818*
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
8.4%
14 TYPE OF REPORTING PERSON
OO
  • Includes 7,004,674 Shares underlying certain forward purchase contracts exercisable within 60 days hereof.

Field: Page; Sequence: 19

19

CUSIP No. 447011107

Field: /Page

NAME OF REPORTING PERSON
STARBOARD PRINCIPAL CO LP
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☐
(b) ☐
3 SEC USE ONLY
4 SOURCE OF FUNDS
OO
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)
6 CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 18,602,818
OWNED BY 8 SHARED VOTING POWER
EACH
REPORTING - 0 -
PERSON WITH 9 SOLE DISPOSITIVE POWER
18,602,818
10 SHARED DISPOSITIVE POWER
- 0 -
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
18,602,818*
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
8.4%
14 TYPE OF REPORTING PERSON
PN
  • Includes 7,004,674 Shares underlying certain forward purchase contracts exercisable within 60 days hereof.

Field: Page; Sequence: 20

20

CUSIP No. 447011107

Field: /Page

NAME OF REPORTING PERSON
STARBOARD PRINCIPAL CO GP LLC
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☐
(b) ☐
3 SEC USE ONLY
4 SOURCE OF FUNDS
OO
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)
6 CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 18,602,818
OWNED BY 8 SHARED VOTING POWER
EACH
REPORTING - 0 -
PERSON WITH 9 SOLE DISPOSITIVE POWER
18,602,818
10 SHARED DISPOSITIVE POWER
- 0 -
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
18,602,818*
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
8.4%
14 TYPE OF REPORTING PERSON
OO
  • Includes 7,004,674 Shares underlying certain forward purchase contracts exercisable within 60 days hereof.

Field: Page; Sequence: 21

21

CUSIP No. 447011107

Field: /Page

NAME OF REPORTING PERSON
JEFFREY C. SMITH
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☐
(b) ☐
3 SEC USE ONLY
4 SOURCE OF FUNDS
OO
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)
6 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY - 0 -
OWNED BY 8 SHARED VOTING POWER
EACH
REPORTING 18,602,818
PERSON WITH 9 SOLE DISPOSITIVE POWER
- 0 -
10 SHARED DISPOSITIVE POWER
18,602,818
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
18,602,818*
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
8.4%
14 TYPE OF REPORTING PERSON
IN
  • Includes 7,004,674 Shares underlying certain forward purchase contracts exercisable within 60 days hereof.

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NAME OF REPORTING PERSON
PETER A. FELD
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☐
(b) ☐
3 SEC USE ONLY
4 SOURCE OF FUNDS
OO
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)
6 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY - 0 -
OWNED BY 8 SHARED VOTING POWER
EACH
REPORTING 18,602,818
PERSON WITH 9 SOLE DISPOSITIVE POWER
- 0 -
10 SHARED DISPOSITIVE POWER
18,602,818
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
18,602,818*
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
8.4%
14 TYPE OF REPORTING PERSON
IN
  • Includes 7,004,674 Shares underlying certain forward purchase contracts exercisable within 60 days hereof.

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The following constitutes the Schedule 13D filed by the undersigned (the “Schedule 13D”).

Item 1. Security and Issuer .

This statement relates to the Common Stock, par value $0.01 per share (the “Shares”), of Huntsman Corporation, a Delaware corporation (the “Issuer”). The address of the principal executive offices of the Issuer is 10003 Woodloch Forest Drive, The Woodlands, Texas 77380.

Item 2. Identity and Background .

(a) This statement is filed by:

(i) Starboard Value and Opportunity Master Fund Ltd, a Cayman Islands exempted company (“Starboard V&O Fund”), with respect to the Shares directly and beneficially owned by it;

(ii) Starboard Value and Opportunity S LLC, a Delaware limited liability company (“Starboard S LLC”), with respect to the Shares directly and beneficially owned by it;

(iii) Starboard Value and Opportunity C LP, a Delaware limited partnership (“Starboard C LP”), with respect to the Shares directly and beneficially owned by it;

(iv) Starboard P Fund LP, a Cayman Islands exempted limited partnership (“Starboard P LP”), with respect to the Shares directly and beneficially owned by it;

(v) Starboard Value P GP LLC (“Starboard P GP”), as the general partner of Starboard P LP;

(vi) Starboard Value R LP (“Starboard R LP”), as the general partner of Starboard C LP and the managing member of Starboard P GP;

(vii) Starboard Value and Opportunity Master Fund L LP, a Cayman Islands exempted limited partnership (“Starboard L Master”), with respect to the Shares directly and beneficially owned by it;

(viii) Starboard Value L LP (“Starboard L GP”), as the general partner of Starboard L Master;

(ix) Starboard Value R GP LLC (“Starboard R GP”), as the general partner of Starboard R LP and Starboard L GP;

(x) Starboard Leaders Echo II LLC, a Delaware limited liability company (“Starboard Echo II LLC”), with respect to the Shares directly and beneficially owned by it;

(xi) Starboard Leaders Fund LP (“Starboard Leaders Fund”), as a member of Starboard Echo II LLC;

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(xii) Starboard Value A LP (“Starboard A LP”), as the general partner of Starboard Leaders Fund and the managing member of Starboard Echo II LLC and Starboard Value G GP, LLC;

(xiii) Starboard Value A GP LLC (“Starboard A GP”), as the general partner of Starboard A LP;

(xiv) Starboard X Master Fund Ltd, a Cayman Islands exempted company (“Starboard X Master”), with respect to the Shares directly and beneficially owned by it;

(xv) Starboard G Fund, L.P., a Delaware limited partnership (“Starboard G LP”), with respect to the Shares directly and beneficially owned by it;

(xvi) Starboard Value G GP, LLC (“Starboard G GP”), as the general partner of Starboard G LP;

(xvii) Starboard Value LP, as the investment manager of Starboard V&O Fund, Starboard C LP, Starboard P LP, Starboard L Master, Starboard Echo II LLC, Starboard Leaders Fund, Starboard X Master, Starboard G LP and of a certain managed account (the “Starboard Value LP Account”) and the manager of Starboard S LLC;

(xviii) Starboard Value GP LLC (“Starboard Value GP”), as the general partner of Starboard Value LP;

(xix) Starboard Principal Co LP (“Principal Co”), as a member of Starboard Value GP;

(xx) Starboard Principal Co GP LLC (“Principal GP”), as the general partner of Principal Co;

(xxi) Jeffrey C. Smith, as a member of Principal GP and as a member of each of the Management Committee of Starboard Value GP and the Management Committee of Principal GP; and

(xxii) Peter A. Feld, as a member of Principal GP and as a member of each of the Management Committee of Starboard Value GP and the Management Committee of Principal GP.

Each of the foregoing is referred to as a “Reporting Person” and collectively as the “Reporting Persons.” Each of the Reporting Persons is party to that certain Joint Filing Agreement, as further described in Item 6. Accordingly, the Reporting Persons are hereby filing a joint Schedule 13D.

(b) The address of the principal office of each of Starboard V&O Fund, Starboard S LLC, Starboard C LP, Starboard P LP, Starboard P GP, Starboard R LP, Starboard L Master, Starboard L GP, Starboard R GP, Starboard Echo II LLC, Starboard Leaders Fund, Starboard A LP, Starboard A GP, Starboard X Master, Starboard G LP, Starboard G GP, Starboard Value LP, Starboard Value GP, Principal Co, Principal GP, and Messrs. Smith and Feld is 777 Third Avenue, 18th Floor, New York, New York 10017. The officers and directors of Starboard V&O Fund and Starboard X Master and their principal occupations and business addresses are set forth on Schedule A and are incorporated by reference in this Item 2.

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(c) The principal business of Starboard V&O Fund is serving as a private investment fund. Starboard V&O Fund has been formed for the purpose of making equity investments and, on occasion, taking an active role in the management of portfolio companies in order to enhance shareholder value. Starboard S LLC, Starboard C LP, Starboard P LP, Starboard L Master, Starboard Echo II LLC, Starboard X Master and Starboard G LP have been formed for the purpose of investing in securities and engaging in all related activities and transactions. The principal business of Starboard Leaders Fund is serving as a private investment partnership. Starboard Value LP provides investment advisory and management services and acts as the investment manager of Starboard V&O Fund, Starboard C LP, Starboard P LP, Starboard L Master, Starboard Echo II LLC, Starboard Leaders Fund, Starboard X Master, Starboard G LP and the Starboard Value LP Account and the manager of Starboard S LLC. The principal business of Starboard Value GP is providing a full range of investment advisory, pension advisory and management services and serving as the general partner of Starboard Value LP. The principal business of Principal Co is providing investment advisory and management services. Principal Co is a member of Starboard Value GP. Principal GP serves as the general partner of Principal Co. Starboard P GP serves as the general partner of Starboard P LP. Starboard R LP serves as the general partner of Starboard C LP and the managing member of Starboard P GP. Starboard L GP serves as the general partner of Starboard L Master. Starboard R GP serves as the general partner of Starboard R LP and Starboard L GP. Starboard A LP serves as the general partner of Starboard Leaders Fund and as the managing member of Starboard Echo II LLC and Starboard G GP. Starboard A GP serves as the general partner of Starboard A LP. Starboard G GP serves as the general partner of Starboard G LP. Messrs. Smith and Feld serve as members of Principal GP and the members of each of the Management Committee of Starboard Value GP and the Management Committee of Principal GP.

(d) No Reporting Person, nor any person listed on Schedule A, annexed hereto, has, during the last five years, been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors).

(e) No Reporting Person, nor any person listed on Schedule A, annexed hereto, has, during the last five years, been party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.

(f) Messrs. Smith and Feld are citizens of the United States of America. The citizenship of the persons listed on Schedule A is set forth therein.

Item 3. Source and Amount of Funds or Other Consideration .

The Shares purchased by each of Starboard V&O Fund, Starboard S LLC, Starboard C LP, Starboard P LP, Starboard L Master, Starboard Echo II LLC, Starboard X Master, Starboard G LP and held in the Starboard Value LP Account were purchased with working capital (which may, at any given time, include margin loans made by brokerage firms in the ordinary course of business) in open market purchases, except as otherwise noted, as set forth in Schedule B, which is incorporated by reference herein.

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The aggregate purchase price of the 3,693,067 Shares beneficially owned by Starboard V&O Fund is approximately $95,952,817, excluding brokerage commissions. The aggregate purchase price of the entered into over-the-counter forward purchase contracts providing for the purchase of 4,481,449 Shares by Starboard V&O Fund is approximately $118,395,386, excluding brokerage commissions. The aggregate purchase price of the 844,309 Shares beneficially owned by Starboard S LLC is approximately $22,154,560, excluding brokerage commissions. The aggregate purchase price of the entered into over-the-counter forward purchase contracts for the purchase of 546,525 Shares by Starboard S LLC is approximately $14,488,974, excluding brokerage commissions. The aggregate purchase price of the 503,618 Shares beneficially owned by Starboard C LP is approximately $13,212,184, excluding brokerage commissions. The aggregate purchase price of the entered into over-the-counter forward purchase contracts for the purchase of 326,981 Shares by Starboard C LP is approximately $8,666,942, excluding brokerage commissions. The aggregate purchase price of the 1,267,328 Shares beneficially owned by Starboard P LP is approximately $33,744,231, excluding brokerage commissions. The aggregate purchase price of the 337,732 Shares beneficially owned by Starboard L Master is approximately $8,865,577, excluding brokerage commissions. The aggregate purchase price of the entered into over-the-counter forward purchase contracts for the purchase of 244,072 Shares by Starboard L Master is approximately $6,479,750, excluding brokerage commissions. The aggregate purchase price of the 190,258 Shares beneficially owned by Starboard Echo II LLC is approximately $5,052,407, excluding brokerage commissions. The aggregate purchase price of the 958,951 Shares beneficially owned by Starboard X Master is approximately $25,153,331, excluding brokerage commissions. The aggregate purchase price of the entered into over-the-counter forward purchase contracts for the purchase of 614,065 Shares by Starboard X Master is approximately $16,273,730, excluding brokerage commissions. The aggregate purchase price of the 2,727,115 Shares beneficially owned by Starboard G LP is approximately $72,391,285, excluding brokerage commissions. The aggregate purchase price of the 1,076,126 Shares held in the Starboard Value LP Account is approximately $28,350,874, excluding brokerage commissions. The aggregate purchase price of the entered into over-the-counter forward purchase contracts for the purchase of 791,582 Shares by Starboard Value LP through the Starboard Value LP Account is approximately $21,095,660, excluding brokerage commissions.

Item 4. Purpose of Transaction .

The Reporting Persons purchased the Shares based on the Reporting Persons’ belief that the Shares, when purchased, were undervalued and represented an attractive investment opportunity. Depending upon overall market conditions, other investment opportunities available to the Reporting Persons, and the availability of Shares at prices that would make the purchase or sale of Shares desirable, the Reporting Persons may endeavor to increase or decrease their position in the Issuer through, among other things, the purchase or sale of Shares on the open market or in private transactions or otherwise, on such terms and at such times as the Reporting Persons may deem advisable.

No Reporting Person has any present plan or proposal which would relate to or result in any of the matters set forth in subparagraphs (a) - (j) of Item 4 of Schedule 13D except as set forth herein or such as would occur upon or in connection with completion of, or following, any of the actions discussed herein. The Reporting Persons intend to review their investment in the Issuer on a continuing basis. Depending on various factors including, without limitation, the Issuer’s financial position and investment strategy, the price levels of the Shares, conditions in the securities markets and general economic and industry conditions, the Reporting Persons may in the future take such actions with respect to their investment in the Issuer as they deem appropriate including, without limitation, engaging in communications with management and the Board of Directors of the Issuer, engaging in discussions with stockholders of the Issuer or other third parties about the Issuer and the Reporting Persons’ investment, including potential business combinations or dispositions involving the Issuer or certain of its businesses, making recommendations or proposals to the Issuer concerning changes to the capitalization, ownership structure, board structure (including board composition), potential business combinations or dispositions involving the Issuer or certain of its businesses, or suggestions for improving the Issuer’s financial and/or operational performance, purchasing additional Shares, selling some or all of their Shares, engaging in short selling of or any hedging or similar transaction with respect to the Shares, including swaps and other derivative instruments, or changing their intention with respect to any and all matters referred to in Item 4.

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Item 5. Interest in Securities of the Issuer .

The aggregate percentage of Shares reported owned by each person named herein is based upon 221,929,899 Shares outstanding, as of July 21, 2021, which is the total number of Shares outstanding as reported in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on July 30, 2021.

A. Starboard V&O Fund

(a) As of the close of business on September 27, 2021, Starboard V&O Fund beneficially owned 8,174,516 Shares, including 4,481,449 Shares underlying certain forward purchase contracts.

Percentage: Approximately 3.7%

(b) 1. Sole power to vote or direct vote: 8,174,516 2. Shared power to vote or direct vote: 0 3. Sole power to dispose or direct the disposition: 8,174,516 4. Shared power to dispose or direct the disposition: 0

(c) The transactions in the Shares by Starboard V&O Fund during the past sixty days are set forth in Schedule B and are incorporated herein by reference.

B. Starboard S LLC

(a) As of the close of business on September 27, 2021, Starboard S LLC beneficially owned 1,390,834 Shares, including 546,525 Shares underlying certain forward purchase contracts.

Percentage: Less than 1%

(b) 1. Sole power to vote or direct vote: 1,390,834 2. Shared power to vote or direct vote: 0 3. Sole power to dispose or direct the disposition: 1,390,834 4. Shared power to dispose or direct the disposition: 0

(c) The transactions in the Shares by Starboard S LLC during the past sixty days are set forth in Schedule B and are incorporated herein by reference.

C. Starboard C LP

(a) As of the close of business on September 27, 2021, Starboard C LP beneficially owned 830,599 Shares, including 326,981 Shares underlying certain forward purchase contracts.

Percentage: Less than 1%

(b) 1. Sole power to vote or direct vote: 830,599 2. Shared power to vote or direct vote: 0 3. Sole power to dispose or direct the disposition: 830,599 4. Shared power to dispose or direct the disposition: 0

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(c) The transactions in the Shares by Starboard C LP during the past sixty days are set forth in Schedule B and are incorporated herein by reference.

D. Starboard P LP

(a) As of the close of business on September 27, 2021, Starboard P LP beneficially owned 1,267,328 Shares.

Percentage: Less than 1%

(b) 1. Sole power to vote or direct vote: 1,267,328 2. Shared power to vote or direct vote: 0 3. Sole power to dispose or direct the disposition: 1,267,328 4. Shared power to dispose or direct the disposition: 0

(c) The transactions in the Shares by Starboard P LP during the past sixty days are set forth in Schedule B and are incorporated herein by reference.

E. Starboard P GP

(a) Starboard P GP, as the general partner of Starboard P LP, may be deemed the beneficial owner of the 1,267,328 Shares owned by Starboard P LP.

Percentage: Less than 1%

(b) 1. Sole power to vote or direct vote: 1,267,328 2. Shared power to vote or direct vote: 0 3. Sole power to dispose or direct the disposition: 1,267,328 4. Shared power to dispose or direct the disposition: 0

(c) Starboard P GP has not entered into any transactions in the Shares during the past sixty days. The transactions in the Shares on behalf of Starboard P LP during the past sixty days are set forth in Schedule B and are incorporated herein by reference.

F. Starboard R LP

(a) Starboard R LP, as the general partner of Starboard C LP and the managing member of Starboard P GP, may be deemed the beneficial owner of the (i) 830,599 Shares owned by Starboard C LP and (ii) 1,267,328 Shares owned by Starboard P LP.

Percentage: Less than 1%

(b) 1. Sole power to vote or direct vote: 2,097,927 2. Shared power to vote or direct vote: 0 3. Sole power to dispose or direct the disposition: 2,097,927 4. Shared power to dispose or direct the disposition: 0

(c) Starboard R LP has not entered into any transactions in the Shares during the past sixty days. The transactions in the Shares on behalf of each of Starboard C LP and Starboard P LP during the past sixty days are set forth in Schedule B and are incorporated herein by reference.

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G. Starboard L Master

(a) As of the close of business on September 27, 2021, Starboard L Master beneficially owned 581,804 Shares, including 244,072 Shares underlying certain forward purchase contracts.

Percentage: Less than 1%

(b) 1. Sole power to vote or direct vote: 581,804 2. Shared power to vote or direct vote: 0 3. Sole power to dispose or direct the disposition: 581,804 4. Shared power to dispose or direct the disposition: 0

(c) The transactions in the Shares by Starboard L Master during the past sixty days are set forth in Schedule B and are incorporated herein by reference.

H. Starboard L GP

(a) Starboard L GP, as the general partner of Starboard L Master, may be deemed the beneficial owner of the 581,804 Shares owned by Starboard L Master.

Percentage: Less than 1%

(b) 1. Sole power to vote or direct vote: 581,804 2. Shared power to vote or direct vote: 0 3. Sole power to dispose or direct the disposition: 581,804 4. Shared power to dispose or direct the disposition: 0

(c) Starboard L GP has not entered into any transactions in the Shares during the past sixty days. The transactions in the Shares on behalf of Starboard L Master during the past sixty days are set forth in Schedule B and are incorporated herein by reference.

I. Starboard R GP

(a) Starboard R GP, as the general partner of Starboard R LP and Starboard L GP, may be deemed the beneficial owner of the (i) 830,599 Shares owned by Starboard C LP, (ii) 1,267,328 Shares owned by Starboard P LP and (iii) 581,804 Shares owned by Starboard L Master.

Percentage: Approximately 1.2%

(b) 1. Sole power to vote or direct vote: 2,679,731 2. Shared power to vote or direct vote: 0 3. Sole power to dispose or direct the disposition: 2,679,731 4. Shared power to dispose or direct the disposition: 0

(c) Starboard R GP has not entered into any transactions in the Shares during the past sixty days. The transactions in the Shares on behalf of each of Starboard C LP, Starboard P LP and Starboard L Master during the past sixty days are set forth in Schedule B and are incorporated herein by reference.

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J. Starboard Echo II LLC

(a) As of the close of business on September 27, 2021, Starboard Echo II LLC beneficially owned 190,258 Shares.

Percentage: Less than 1%

(b) 1. Sole power to vote or direct vote: 190,258 2. Shared power to vote or direct vote: 0 3. Sole power to dispose or direct the disposition: 190,258 4. Shared power to dispose or direct the disposition: 0

(c) The transactions in the Shares by Starboard Echo II LLC during the past sixty days are set forth in Schedule B and are incorporated herein by reference.

K. Starboard Leaders Fund

(a) Starboard Leaders Fund, as a member of Starboard Echo II LLC, may be deemed the beneficial owner of the 190,258 Shares owned by Starboard Echo II LLC.

Percentage: Less than 1%

(b) 1. Sole power to vote or direct vote: 190,258 2. Shared power to vote or direct vote: 0 3. Sole power to dispose or direct the disposition: 190,258 4. Shared power to dispose or direct the disposition: 0

(c) Starboard Leaders Fund has not entered into any transactions in the Shares during the past sixty days. The transactions in the Shares on behalf of Starboard Echo II LLC during the past sixty days are set forth in Schedule B and are incorporated herein by reference.

L. Starboard A LP

(a) Starboard A LP, as the general partner of Starboard Leaders Fund and the managing member of Starboard Echo II LLC and Starboard G GP, may be deemed the beneficial owner of the (i) 190,258 Shares owned by Starboard Echo II LLC and (ii) 2,727,115 Shares owned by Starboard G LP.

Percentage: Approximately 1.3%

(b) 1. Sole power to vote or direct vote: 2,917,373 2. Shared power to vote or direct vote: 0 3. Sole power to dispose or direct the disposition: 2,917,373 4. Shared power to dispose or direct the disposition: 0

(c) Starboard A LP has not entered into any transactions in the Shares during the past sixty days. The transactions in the Shares on behalf of each of Starboard Echo II LLC and Starboard G LP during the past sixty days are set forth in Schedule B and are incorporated herein by reference.

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M. Starboard A GP

(a) Starboard A GP, as the general partner of Starboard A LP, may be deemed the beneficial owner of the (i) 190,258 Shares owned by Starboard Echo II LLC and (ii) 2,727,115 Shares owned by Starboard G LP.

Percentage: Approximately 1.3%

(b) 1. Sole power to vote or direct vote: 2,917,373 2. Shared power to vote or direct vote: 0 3. Sole power to dispose or direct the disposition: 2,917,373 4. Shared power to dispose or direct the disposition: 0

(c) Starboard A GP has not entered into any transactions in the Shares during the past sixty days. The transactions in the Shares on behalf of each of Starboard Echo II LLC and Starboard G LP during the past sixty days are set forth in Schedule B and are incorporated herein by reference.

N. Starboard X Master

(a) As of the close of business on September 27, 2021, Starboard X Master beneficially owned 1,572,656 Shares, including 614,065 Shares underlying certain forward purchase contracts.

Percentage: Less than 1%

(b) 1. Sole power to vote or direct vote: 1,572,656 2. Shared power to vote or direct vote: 0 3. Sole power to dispose or direct the disposition: 1,572,656 4. Shared power to dispose or direct the disposition: 0

(c) The transactions in the Shares by Starboard X Master during the past sixty days are set forth in Schedule B and are incorporated herein by reference.

O. Starboard G LP

(a) As of the close of business on September 27, 2021, Starboard G LP beneficially owned 2,727,115 Shares.

Percentage: Approximately 1.2%

(b) 1. Sole power to vote or direct vote: 2,727,115 2. Shared power to vote or direct vote: 0 3. Sole power to dispose or direct the disposition: 2,727,115 4. Shared power to dispose or direct the disposition: 0

(c) The transactions in the Shares by Starboard G LP during the past sixty days are set forth in Schedule B and are incorporated herein by reference.

P. Starboard G GP

(a) Starboard G GP, as the general partner of Starboard G LP, may be deemed the beneficial owners of the 2,727,115 Shares owned by Starboard G LP.

Percentage: Approximately 1.2%

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(b) 1. Sole power to vote or direct vote: 2,727,115 2. Shared power to vote or direct vote: 0 3. Sole power to dispose or direct the disposition: 2,727,115 4. Shared power to dispose or direct the disposition: 0

(c) Starboard G GP has not entered into any transaction in the Shares during the past sixty days. The transactions in the Shares on behalf of Starboard G LP during the past sixty days are set forth in Schedule B and are incorporated herein by reference.

Q. Starboard Value LP

(a) As of the close of business on September 27, 2021, 1,867,708 Shares were held in the Starboard Value LP Account, including 791,582 Shares underlying certain forward purchase contracts. Starboard Value LP, as the investment manager of Starboard V&O Fund, Starboard C LP, Starboard P LP, Starboard L Master, Starboard Echo II LLC, Starboard X Master, Starboard G LP and the Starboard Value LP Account and the manager of Starboard S LLC, may be deemed the beneficial owner of the (i) 8,174,516 Shares owned by Starboard V&O Fund, (ii) 1,390,834 Shares owned by Starboard S LLC, (iii) 830,599 Shares owned by Starboard C LP, (iv) 1,267,328 Shares owned by Starboard P LP, (v) 581,804 Shares owned by Starboard L Master, (vi) 190,258 Shares owned by Starboard Echo II LLC, (vii) 1,572,656 Shares owned by Starboard X Master, (viii) 2,727,115 Shares owned by Starboard G LP and (ix) 1,867,708 Shares held in the Starboard Value LP Account.

Percentage: Approximately 8.4%

(b) 1. Sole power to vote or direct vote: 18,602,818 2. Shared power to vote or direct vote: 0 3. Sole power to dispose or direct the disposition: 18,602,818 4. Shared power to dispose or direct the disposition: 0

(c) The transactions in the Shares by Starboard Value LP through the Starboard Value LP Account and on behalf of each of Starboard V&O Fund, Starboard S LLC, Starboard C LP, Starboard P LP, Starboard L Master, Starboard Echo II LLC, Starboard X Master and Starboard G LP during the past sixty days are set forth in Schedule B and are incorporated herein by reference.

R. Starboard Value GP

(a) Starboard Value GP, as the general partner of Starboard Value LP, may be deemed the beneficial owner of the (i) 8,174,516 Shares owned by Starboard V&O Fund, (ii) 1,390,834 Shares owned by Starboard S LLC, (iii) 830,599 Shares owned by Starboard C LP, (iv) 1,267,328 Shares owned by Starboard P LP, (v) 581,804 Shares owned by Starboard L Master, (vi) 190,258 Shares owned by Starboard Echo II LLC, (vii) 1,572,656 Shares owned by Starboard X Master, (viii) 2,727,115 Shares owned by Starboard G LP and (ix) 1,867,708 Shares held in the Starboard Value LP Account.

Percentage: Approximately 8.4%

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(b) 1. Sole power to vote or direct vote: 18,602,818 2. Shared power to vote or direct vote: 0 3. Sole power to dispose or direct the disposition: 18,602,818 4. Shared power to dispose or direct the disposition: 0

(c) Starboard Value GP has not entered into any transactions in the Shares during the past sixty days. The transactions in the Shares by Starboard Value LP through the Starboard Value LP Account and on behalf of each of Starboard V&O Fund, Starboard S LLC, Starboard C LP, Starboard P LP, Starboard L Master, Starboard Echo II LLC, Starboard X Master and Starboard G LP during the past sixty days are set forth in Schedule B and are incorporated herein by reference.

S. Principal Co

(a) Principal Co, as a member of Starboard Value GP, may be deemed the beneficial owner of the (i) 8,174,516 Shares owned by Starboard V&O Fund, (ii) 1,390,834 Shares owned by Starboard S LLC, (iii) 830,599 Shares owned by Starboard C LP, (iv) 1,267,328 Shares owned by Starboard P LP, (v) 581,804 Shares owned by Starboard L Master, (vi) 190,258 Shares owned by Starboard Echo II LLC, (vii) 1,572,656 Shares owned by Starboard X Master, (viii) 2,727,115 Shares owned by Starboard G LP and (ix) 1,867,708 Shares held in the Starboard Value LP Account.

Percentage: Approximately 8.4%

(b) 1. Sole power to vote or direct vote: 18,602,818 2. Shared power to vote or direct vote: 0 3. Sole power to dispose or direct the disposition: 18,602,818 4. Shared power to dispose or direct the disposition: 0

(c) Principal Co has not entered into any transactions in the Shares during the past sixty days. The transactions in the Shares by Starboard Value LP through the Starboard Value LP Account and on behalf of each of Starboard V&O Fund, Starboard S LLC, Starboard C LP, Starboard P LP, Starboard L Master, Starboard Echo II LLC, Starboard X Master and Starboard G LP during the past sixty days are set forth in Schedule B and are incorporated herein by reference.

T. Principal GP

(a) Principal GP, as the general partner of Principal Co, may be deemed the beneficial owner of the (i) 8,174,516 Shares owned by Starboard V&O Fund, (ii) 1,390,834 Shares owned by Starboard S LLC, (iii) 830,599 Shares owned by Starboard C LP, (iv) 1,267,328 Shares owned by Starboard P LP, (v) 581,804 Shares owned by Starboard L Master, (vi) 190,258 Shares owned by Starboard Echo II LLC, (vii) 1,572,656 Shares owned by Starboard X Master, (viii) 2,727,115 Shares owned by Starboard G LP and (ix) 1,867,708 Shares held in the Starboard Value LP Account.

Percentage: Approximately 8.4%

(b) 1. Sole power to vote or direct vote: 18,602,818 2. Shared power to vote or direct vote: 0 3. Sole power to dispose or direct the disposition: 18,602,818 4. Shared power to dispose or direct the disposition: 0

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(c) Principal GP has not entered into any transactions in the Shares during the past sixty days. The transactions in the Shares by Starboard Value LP through the Starboard Value LP Account and on behalf of each of Starboard V&O Fund, Starboard S LLC, Starboard C LP, Starboard P LP, Starboard L Master, Starboard Echo II LLC, Starboard X Master and Starboard G LP during the past sixty days are set forth in Schedule B and are incorporated herein by reference.

U. Messrs. Smith and Feld

(a) Each of Messrs. Smith and Feld, as a member of Principal GP and as a member of each of the Management Committee of Starboard Value GP and the Management Committee of Principal GP, may be deemed the beneficial owner of the (i) 8,174,516 Shares owned by Starboard V&O Fund, (ii) 1,390,834 Shares owned by Starboard S LLC, (iii) 830,599 Shares owned by Starboard C LP, (iv) 1,267,328 Shares owned by Starboard P LP, (v) 581,804 Shares owned by Starboard L Master, (vi) 190,258 Shares owned by Starboard Echo II LLC, (vii) 1,572,656 Shares owned by Starboard X Master, (viii) 2,727,115 Shares owned by Starboard G LP and (ix) 1,867,708 Shares held in the Starboard Value LP Account.

Percentage: Approximately 8.4%

(b) 1. Sole power to vote or direct vote: 0 2. Shared power to vote or direct vote: 18,602,818 3. Sole power to dispose or direct the disposition: 0 4. Shared power to dispose or direct the disposition: 18,602,818

(c) None of Messrs. Smith or Feld has entered into any transactions in the Shares during the past sixty days. The transactions in the Shares by Starboard Value LP through the Starboard Value LP Account and on behalf of each of Starboard V&O Fund, Starboard S LLC, Starboard C LP, Starboard P LP, Starboard L Master, Starboard Echo II LLC, Starboard X Master and Starboard G LP during the past sixty days are set forth in Schedule B and are incorporated herein by reference.

The filing of this Schedule 13D shall not be deemed an admission that the Reporting Persons are, for purposes of Section 13(d) of the Securities Exchange Act of 1934, as amended, the beneficial owners of any securities of the Issuer that he or it does not directly own. Each of the Reporting Persons specifically disclaims beneficial ownership of the securities reported herein that he or it does not directly own.

(d) No person other than the Reporting Persons is known to have the right to receive, or the power to direct the receipt of dividends from, or proceeds from the sale of, the Shares.

(e) Not applicable.

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Item 6. Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer .

Each of Starboard V&O Fund, Starboard S LLC, Starboard C LP, Starboard L Master, Starboard X Master and Starboard Value LP through the Starboard Value LP Account entered into forward purchase contracts with Bank of America as the counterparty providing for the purchase of an aggregate of 3,081,449 Shares, 546,525 Shares, 326,981 Shares, 244,072 Shares, 614,065 Shares and 791,582 Shares, respectively, having an aggregate purchase price of approximately $81,596,141, $14,488,974, $8,666,942, $6,479,750, $16,273,730 and $21,095,660, respectively (each a “BA Forward Contract”). Each of the BA Forward Contracts has a final valuation date of September 6, 2022, however, each of Starboard V&O Fund, Starboard S LLC, Starboard C LP, Starboard L Master, Starboard X Master and Starboard Value LP through the Starboard Value LP Account has the ability to elect early settlement after serving notice to the counter-party of such intention at least two scheduled trading days in advance of the desired early final valuation date. Each of the BA Forward Contracts provides for physical settlement. Until the settlement date, none of the BA Forward Contracts give the Reporting Persons voting and dispositive control over the Shares to which such contracts relate.

Starboard V&O Fund entered into forward purchase contracts with UBS as the counterparty providing for the purchase of an aggregate of 1,400,000 Shares having an aggregate purchase price of approximately $36,799,245 (each a “UBS Forward Contract”). Each of the UBS Forward Contracts has a final valuation date of March 15, 2023, however, Starboard V&O Fund has the ability to elect early settlement after serving notice to the counterparty of such intention at least two scheduled trading days in advance of the desired early final valuation date. Each of the UBS Forward Contracts provides for physical settlement. Until the settlement date, none of the UBS Forward Contracts give the Reporting Persons voting and dispositive control over the Shares to which such contracts relate.

On September 27, 2021, the Reporting Persons entered into a Joint Filing Agreement in which the Reporting Persons agreed to the joint filing on behalf of each of them of statements on Schedule 13D with respect to the securities of the Issuer to the extent required by applicable law. The Joint Filing Agreement is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

Other than as described herein, there are no contracts, arrangements, understandings or relationships among the Reporting Persons, or between the Reporting Persons and any other person, with respect to the securities of the Issuer

Item 7. Material to be Filed as Exhibits .

99.1 Joint Filing Agreement by and among Starboard Value and Opportunity Master Fund Ltd, Starboard Value and Opportunity S LLC , Starboard Value and Opportunity C LP , Starboard P Fund LP, Starboard Value P GP LLC, Starboard Value R LP, Starboard Value and Opportunity Master Fund L LP , Starboard Value L LP , Starboard Value R GP LLC, Starboard Leaders Echo II LLC , Starboard Leaders Fund LP, Starboard Value A LP , Starboard Value A GP LLC, Starboard X Master Fund Ltd, Starboard G Fund, L.P., Starboard Value G GP, LLC, Starboard Value LP, Starboard Value GP LLC, Starboard Principal Co LP, Starboard Principal Co GP LLC, Jeffrey C. Smith and Peter A. Feld, dated September 27, 2021.

99.2 Power of Attorney for Jeffrey C. Smith and Peter A. Feld, dated September 27, 2021.

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SIGNATURES

After reasonable inquiry and to the best of his knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct.

Dated: September 27, 2021

STARBOARD VALUE AND OPPORTUNITY MASTER FUND LTD By: Starboard Value LP, its investment manager Starboard Value and Opportunity S LLC By: Starboard Value LP, its manager Starboard Value and Opportunity C LP By: Starboard Value R LP, its general partner STARBOARD VALUE R LP By: Starboard Value R GP LLC, its general partner Starboard Value and Opportunity Master Fund L LP By: Starboard Value L LP, its general partner Starboard Leaders Echo II LLC By: Starboard Value A LP, its managing member Starboard Leaders Fund lp By: Starboard Value A LP, its managing member Starboard Value A LP By: Starboard Value A GP LLC, its general partner STARBOARD P FUND LP By: Starboard Value P GP LLC, its general partner STARBOARD VALUE P GP LLC By: Starboard Value R LP, its member STARBOARD G FUND, L.P. By: Starboard Value G GP, LLC, its general partner Starboard Value L LP By: Starboard Value R GP LLC, its general partner Starboard X MASTER FUND LTD By: Starboard Value LP, its investment manager Starboard Value G GP, LLC By: Starboard Value A LP, its managing member STARBOARD VALUE LP By: Starboard Value GP LLC, its general partner STARBOARD VALUE GP LLC By: Starboard Principal Co LP, its member STARBOARD PRINCIPAL CO LP By: Starboard Principal Co GP LLC, its general partner STARBOARD PRINCIPAL CO GP LLC Starboard Value A GP LLC Starboard Value R GP LLC

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By:
Name: Jeffrey C. Smith
Title: Authorized Signatory
/s/ Jeffrey C. Smith
Jeffrey C. Smith
Individually and as attorney-in-fact for Peter A. Feld

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SCHEDULE A

Directors and Officers of Starboard Value and Opportunity Master Fund Ltd and Starboard X Master Fund Ltd

| Name and Position | Principal Occupation | Principal Business Address | Citizenship | | --- | --- | --- | --- | | Patrick Agemian Director | Director of Global Funds Management, Ltd. | PO Box 10034, Harbour Place 2nd Floor 103 South Church Street Grand Cayman Cayman Islands, KY1-1001 | Canada | | Kenneth R. Marlin Director | Chief Financial Officer, Starboard Value LP | 777 Third Avenue, 18th Floor New York, New York 10017 | United States of America | | Alaina Danley Director | Managing Director of Waystone Governance Ltd. | Waystone Governance Ltd. Suite 5B201, 2nd Floor One Nexus Way P.O. Box 2587 Grand Cayman Cayman Islands, KY1-1103 | Cayman Islands |

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SCHEDULE B

Transactions in the Shares During the Past Sixty Days

Nature of the Transaction Amount of Securities Purchased/(Sold) Price ($) Date of Purchase/Sale

STARBOARD VALUE AND OPPORTUNITY MASTER FUND LTD

Purchase of Forward Contract 85,500 25.9928 08/02/2021
Purchase of Forward Contract 28,500 25.4313 08/03/2021
Purchase of Forward Contract 57,000 25.3757 08/04/2021
Purchase of Forward Contract 171,000 26.1454 08/11/2021
Purchase of Forward Contract 114,000 25.9427 08/12/2021
Purchase of Forward Contract 71,250 25.6779 08/13/2021
Purchase of Forward Contract 142,500 25.3363 08/16/2021
Purchase of Forward Contract 171,000 25.0422 08/17/2021
Purchase of Forward Contract 14,250 24.9076 08/18/2021
Purchase of Common Stock 131,429 25.1219 08/18/2021
Purchase of Common Stock 131,429 25.1219 08/18/2021
Purchase of Common Stock 117,946 24.4571 08/19/2021
Purchase of Common Stock 117,946 24.4571 08/19/2021
Purchase of Common Stock 7,125 24.1250 08/20/2021
Purchase of Common Stock 7,125 24.1250 08/20/2021
Purchase of Common Stock 3,306 24.5051 08/23/2021
Purchase of Common Stock 3,306 24.5051 08/23/2021
Purchase of Common Stock 6,954 24.4888 08/23/2021
Purchase of Common Stock 6,954 24.4888 08/23/2021
Purchase of Common Stock 127,395 24.6879 08/23/2021
Purchase of Common Stock 127,395 24.6879 08/23/2021
Purchase of Common Stock 186,675 25.4006 08/24/2021
Purchase of Common Stock 186,675 25.4006 08/24/2021
Purchase of Common Stock 9,971 26.2499 08/27/2021
Purchase of Common Stock 9,971 26.2499 08/27/2021
Purchase of Common Stock 2,195 26.4050 08/27/2021
Purchase of Common Stock 2,194 26.4050 08/27/2021
Purchase of Common Stock 85,500 26.3431 08/27/2021
Purchase of Common Stock 85,500 26.3431 08/27/2021
Purchase of Common Stock 3,363 26.3250 08/30/2021
Purchase of Common Stock 3,363 26.3250 08/30/2021
Purchase of Common Stock 34,946 26.3063 08/30/2021
Purchase of Common Stock 34,946 26.3063 08/30/2021
Purchase of Common Stock 8,550 26.5917 08/31/2021
Purchase of Common Stock 8,550 26.5917 08/31/2021
Purchase of Forward Contract 174,034 26.4941 08/31/2021
Sale of Common Stock (174,034) 26.4880 08/31/2021
Purchase of Common Stock 38,446 26.5458 08/31/2021
Purchase of Common Stock 38,446 26.5458 08/31/2021
Sale of Common Stock (173,854) 26.4342 09/01/2021
Purchase of Common Stock 6,327 26.4970 09/01/2021
Purchase of Common Stock 6,327 26.4970 09/01/2021
Purchase of Forward Contract 173,854 26.4492 09/01/2021
Purchase of Common Stock 85,197 26.3836 09/01/2021
Purchase of Common Stock 85,197 26.3836 09/01/2021
Purchase of Common Stock 84,429 26.8523 09/02/2021
Purchase of Common Stock 84,428 26.8523 09/02/2021
Purchase of Common Stock 29,247 26.6923 09/03/2021
Purchase of Common Stock 29,248 26.6923 09/03/2021
Purchase of Common Stock 42,750 26.6599 09/07/2021
Purchase of Common Stock 42,750 26.6599 09/07/2021
Purchase of Common Stock 131,791 26.7535 09/08/2021
Purchase of Common Stock 131,791 26.7535 09/08/2021
Purchase of Common Stock 19,693 26.9943 09/09/2021
Purchase of Common Stock 19,693 26.9943 09/09/2021
Purchase of Common Stock 93,591 27.0104 09/09/2021
Purchase of Common Stock 93,591 27.0104 09/09/2021
Purchase of Common Stock 14,250 27.0030 09/09/2021
Purchase of Common Stock 14,250 27.0030 09/09/2021
Purchase of Common Stock 151,360 27.2266 09/10/2021
Purchase of Common Stock 151,360 27.2266 09/10/2021
Purchase of Common Stock 21,375 27.1440 09/13/2021
Purchase of Common Stock 21,375 27.1440 09/13/2021
Purchase of Common Stock 78,969 27.3724 09/13/2021
Purchase of Common Stock 78,969 27.3724 09/13/2021
Purchase of Common Stock 78,375 26.7968 09/14/2021
Purchase of Common Stock 78,375 26.7968 09/14/2021
Purchase of Common Stock 7,125 26.6169 09/14/2021
Purchase of Common Stock 7,125 26.6169 09/14/2021
Purchase of Common Stock 42,496 26.8006 09/15/2021
Purchase of Common Stock 268,575 27.1537 09/15/2021
Sale of Common Stock (150,000) 27.2222 09/15/2021
Purchase of Forward Contract 150,000 27.2317 09/15/2021
Purchase of Common Stock 219,687 27.2918 09/16/2021
Purchase of Common Stock 164,766 27.2966 09/16/2021
Purchase of Forward Contract 150,000 27.3127 09/16/2021
Purchase of Forward Contract 100,000 27.2826 09/16/2021
Sale of Common Stock (150,000) 27.3086 09/16/2021
Sale of Common Stock (100,000) 27.2768 09/16/2021
Purchase of Common Stock 264,998 26.6903 09/17/2021
Purchase of Common Stock 64,533 26.6614 09/17/2021
Purchase of Forward Contract 250,000 26.6997 09/17/2021
Sale of Common Stock (250,000) 26.6895 09/17/2021
Purchase of Common Stock 178,496 25.7976 09/20/2021
Purchase of Common Stock 68,652 26.0045 09/20/2021
Purchase of Common Stock 302,071 25.7939 09/20/2021
Purchase of Forward Contract 500,000 25.5601 09/20/2021
Sale of Common Stock (350,000) 25.5023 09/20/2021
Sale of Common Stock (150,000) 25.6585 09/20/2021
Purchase of Common Stock 189,090 25.5237 09/21/2021
Purchase of Common Stock 20,608 25.3679 09/21/2021
Purchase of Forward Contract 250,000 25.7374 09/21/2021
Sale of Common Stock (250,000) 25.7306 09/21/2021
Purchase of Common Stock 24,632 26.4200 09/22/2021
Purchase of Common Stock 72,016 26.5259 09/22/2021
Purchase of Common Stock 21,449 27.0167 09/24/2021
Purchase of Common Stock 64,348 27.0530 09/24/2021

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STARBOARD VALUE AND OPPORTUNITY S LLC

Purchase of Forward Contract 14,400 25.9928 08/02/2021
Purchase of Forward Contract 4,800 25.4313 08/03/2021
Purchase of Forward Contract 9,600 25.3757 08/04/2021
Purchase of Forward Contract 28,800 26.1454 08/11/2021
Purchase of Forward Contract 19,200 25.9427 08/12/2021
Purchase of Forward Contract 12,000 25.6779 08/13/2021
Purchase of Forward Contract 24,000 25.3363 08/16/2021
Purchase of Forward Contract 28,800 25.0422 08/17/2021
Purchase of Forward Contract 2,400 24.9076 08/18/2021
Purchase of Common Stock 44,271 25.1219 08/18/2021
Purchase of Common Stock 39,729 24.4571 08/19/2021
Purchase of Common Stock 2,400 24.1250 08/20/2021
Purchase of Common Stock 1,114 24.5051 08/23/2021
Purchase of Common Stock 2,342 24.4888 08/23/2021
Purchase of Common Stock 42,912 24.6879 08/23/2021
Purchase of Common Stock 62,880 25.4006 08/24/2021
Purchase of Common Stock 3,359 26.2499 08/27/2021
Purchase of Common Stock 739 26.4050 08/27/2021
Purchase of Common Stock 28,800 26.3431 08/27/2021
Purchase of Common Stock 1,133 26.3250 08/30/2021
Purchase of Common Stock 11,771 26.3063 08/30/2021
Purchase of Common Stock 2,880 26.5917 08/31/2021
Purchase of Forward Contract 29,437 26.4941 08/31/2021
Sale of Common Stock (29,437) 26.4880 08/31/2021
Purchase of Common Stock 12,950 26.5458 08/31/2021
Sale of Common Stock (29,399) 26.4342 09/01/2021
Purchase of Common Stock 2,131 26.4970 09/01/2021
Purchase of Forward Contract 29,399 26.4492 09/01/2021
Purchase of Common Stock 28,698 26.3836 09/01/2021
Purchase of Common Stock 28,439 26.8523 09/02/2021
Purchase of Common Stock 9,852 26.6923 09/03/2021
Purchase of Common Stock 14,400 26.6599 09/07/2021
Purchase of Common Stock 44,393 26.7535 09/08/2021
Purchase of Common Stock 6,634 26.9943 09/09/2021
Purchase of Common Stock 31,525 27.0104 09/09/2021
Purchase of Common Stock 4,800 27.0030 09/09/2021
Purchase of Common Stock 50,984 27.2266 09/10/2021
Purchase of Common Stock 7,200 27.1440 09/13/2021
Purchase of Common Stock 26,600 27.3724 09/13/2021
Purchase of Common Stock 26,400 26.7968 09/14/2021
Purchase of Common Stock 2,400 26.6169 09/14/2021
Purchase of Common Stock 7,157 26.8006 09/15/2021
Purchase of Common Stock 45,234 27.1537 09/15/2021
Purchase of Common Stock 37,000 27.2918 09/16/2021
Purchase of Common Stock 27,750 27.2966 09/16/2021
Purchase of Common Stock 44,631 26.6903 09/17/2021
Purchase of Common Stock 10,869 26.6614 09/17/2021
Purchase of Common Stock 30,063 25.7976 09/20/2021
Purchase of Common Stock 11,562 26.0045 09/20/2021
Purchase of Common Stock 50,875 25.7939 09/20/2021
Purchase of Common Stock 31,847 25.5237 09/21/2021
Purchase of Common Stock 3,471 25.3679 09/21/2021
Purchase of Common Stock 4,149 26.4200 09/22/2021
Purchase of Common Stock 12,129 26.5259 09/22/2021

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STARBOARD VALUE AND OPPORTUNITY C LP

Purchase of Forward Contract 8,700 25.9928 08/02/2021
Purchase of Forward Contract 2,900 25.4313 08/03/2021
Purchase of Forward Contract 5,800 25.3757 08/04/2021
Purchase of Forward Contract 17,400 26.1454 08/11/2021
Purchase of Forward Contract 11,600 25.9427 08/12/2021
Purchase of Forward Contract 7,250 25.6779 08/13/2021
Purchase of Forward Contract 14,500 25.3363 08/16/2021
Purchase of Forward Contract 17,400 25.0422 08/17/2021
Purchase of Forward Contract 1,450 24.9076 08/18/2021
Purchase of Common Stock 26,747 25.1219 08/18/2021
Purchase of Common Stock 24,003 24.4571 08/19/2021
Purchase of Common Stock 1,450 24.1250 08/20/2021
Purchase of Common Stock 673 24.5051 08/23/2021
Purchase of Common Stock 1,415 24.4888 08/23/2021
Purchase of Common Stock 25,926 24.6879 08/23/2021
Purchase of Common Stock 37,990 25.4006 08/24/2021
Purchase of Common Stock 2,029 26.2499 08/27/2021
Purchase of Common Stock 447 26.4050 08/27/2021
Purchase of Common Stock 17,400 26.3431 08/27/2021
Purchase of Common Stock 684 26.3250 08/30/2021
Purchase of Common Stock 7,112 26.3063 08/30/2021
Purchase of Common Stock 1,740 26.5917 08/31/2021
Purchase of Forward Contract 17,756 26.4941 08/31/2021
Sale of Common Stock (17,756) 26.4880 08/31/2021
Purchase of Common Stock 7,824 26.5458 08/31/2021
Sale of Common Stock (17,735) 26.4342 09/01/2021
Purchase of Common Stock 1,265 26.4970 09/01/2021
Purchase of Forward Contract 17,735 26.4492 09/01/2021
Purchase of Common Stock 17,040 26.3836 09/01/2021
Purchase of Common Stock 16,886 26.8523 09/02/2021
Purchase of Common Stock 5,849 26.6923 09/03/2021
Purchase of Common Stock 8,550 26.6599 09/07/2021
Purchase of Common Stock 26,358 26.7535 09/08/2021
Purchase of Common Stock 3,939 26.9943 09/09/2021
Purchase of Common Stock 18,718 27.0104 09/09/2021
Purchase of Common Stock 2,850 27.0030 09/09/2021
Purchase of Common Stock 30,272 27.2266 09/10/2021
Purchase of Common Stock 4,275 27.1440 09/13/2021
Purchase of Common Stock 15,794 27.3724 09/13/2021
Purchase of Common Stock 15,675 26.7968 09/14/2021
Purchase of Common Stock 1,425 26.6169 09/14/2021
Purchase of Common Stock 4,250 26.8006 09/15/2021
Purchase of Common Stock 26,857 27.1537 09/15/2021
Purchase of Common Stock 21,969 27.2918 09/16/2021
Purchase of Common Stock 16,476 27.2966 09/16/2021
Purchase of Common Stock 26,500 26.6903 09/17/2021
Purchase of Common Stock 6,453 26.6614 09/17/2021
Purchase of Common Stock 17,850 25.7976 09/20/2021
Purchase of Common Stock 6,865 26.0045 09/20/2021
Purchase of Common Stock 30,207 25.7939 09/20/2021
Purchase of Common Stock 18,909 25.5237 09/21/2021
Purchase of Common Stock 2,061 25.3679 09/21/2021
Purchase of Common Stock 2,463 26.4200 09/22/2021
Purchase of Common Stock 7,202 26.5259 09/22/2021

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STARBOARD P FUND LP

Purchase of Common Stock 21,978 26.8006 09/15/2021
Purchase of Common Stock 138,898 27.1537 09/15/2021
Purchase of Common Stock 114,871 27.2918 09/16/2021
Purchase of Common Stock 86,154 27.2966 09/16/2021
Purchase of Common Stock 138,564 26.6903 09/17/2021
Purchase of Common Stock 33,743 26.6614 09/17/2021
Purchase of Common Stock 93,333 25.7976 09/20/2021
Purchase of Common Stock 35,897 26.0045 09/20/2021
Purchase of Common Stock 157,948 25.7939 09/20/2021
Purchase of Common Stock 114,890 25.5237 09/21/2021
Purchase of Common Stock 12,521 25.3679 09/21/2021
Purchase of Common Stock 22,712 26.4200 09/22/2021
Purchase of Common Stock 66,403 26.5259 09/22/2021
Purchase of Common Stock 81,158 27.1218 09/23/2021
Purchase of Common Stock 21,250 27.0167 09/24/2021
Purchase of Common Stock 63,751 27.0530 09/24/2021
Purchase of Common Stock 63,257 28.0152 09/27/2021

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STARBOARD VALUE AND OPPORTUNITY MASTER FUND L LP

Purchase of Forward Contract 6,000 25.9928 08/02/2021
Purchase of Forward Contract 2,000 25.4313 08/03/2021
Purchase of Forward Contract 4,000 25.3757 08/04/2021
Purchase of Forward Contract 12,000 26.1454 08/11/2021
Purchase of Forward Contract 8,000 25.9427 08/12/2021
Purchase of Forward Contract 5,000 25.6779 08/13/2021
Purchase of Forward Contract 10,000 25.3363 08/16/2021
Purchase of Forward Contract 12,000 25.0422 08/17/2021
Purchase of Forward Contract 1,000 24.9076 08/18/2021
Purchase of Common Stock 18,446 25.1219 08/18/2021
Purchase of Common Stock 16,554 24.4571 08/19/2021
Purchase of Common Stock 1,000 24.1250 08/20/2021
Purchase of Common Stock 464 24.5051 08/23/2021
Purchase of Common Stock 976 24.4888 08/23/2021
Purchase of Common Stock 17,880 24.6879 08/23/2021
Purchase of Common Stock 26,200 25.4006 08/24/2021
Purchase of Common Stock 1,399 26.2499 08/27/2021
Purchase of Common Stock 308 26.4050 08/27/2021
Purchase of Common Stock 12,000 26.3431 08/27/2021
Purchase of Common Stock 472 26.3250 08/30/2021
Purchase of Common Stock 4,905 26.3063 08/30/2021
Purchase of Common Stock 1,200 26.5917 08/31/2021
Purchase of Forward Contract 12,246 26.4941 08/31/2021
Sale of Common Stock (12,246) 26.4880 08/31/2021
Purchase of Common Stock 5,396 26.5458 08/31/2021
Sale of Common Stock (12,231) 26.4342 09/01/2021
Purchase of Common Stock 888 26.4970 09/01/2021
Purchase of Forward Contract 12,231 26.4492 09/01/2021
Purchase of Common Stock 11,958 26.3836 09/01/2021
Purchase of Common Stock 11,849 26.8523 09/02/2021
Purchase of Common Stock 4,105 26.6923 09/03/2021
Purchase of Common Stock 6,000 26.6599 09/07/2021
Purchase of Common Stock 18,497 26.7535 09/08/2021
Purchase of Common Stock 2,764 26.9943 09/09/2021
Purchase of Common Stock 13,135 27.0104 09/09/2021
Purchase of Common Stock 2,000 27.0030 09/09/2021
Purchase of Common Stock 21,244 27.2266 09/10/2021
Purchase of Common Stock 3,000 27.1440 09/13/2021
Purchase of Common Stock 11,083 27.3724 09/13/2021
Purchase of Common Stock 11,000 26.7968 09/14/2021
Purchase of Common Stock 1,000 26.6169 09/14/2021
Purchase of Common Stock 2,982 26.8006 09/15/2021
Purchase of Common Stock 18,847 27.1537 09/15/2021
Purchase of Common Stock 15,417 27.2918 09/16/2021
Purchase of Common Stock 11,562 27.2966 09/16/2021
Purchase of Common Stock 18,596 26.6903 09/17/2021
Purchase of Common Stock 4,529 26.6614 09/17/2021
Purchase of Common Stock 12,526 25.7976 09/20/2021
Purchase of Common Stock 4,818 26.0045 09/20/2021
Purchase of Common Stock 21,198 25.7939 09/20/2021
Purchase of Common Stock 6,844 25.5237 09/21/2021
Purchase of Common Stock 746 25.3679 09/21/2021

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STARBOARD LEADERS ECHO II LLC

Purchase of Common Stock 3,468 26.8006 09/15/2021
Purchase of Common Stock 21,915 27.1537 09/15/2021
Purchase of Common Stock 18,124 27.2918 09/16/2021
Purchase of Common Stock 13,592 27.2966 09/16/2021
Purchase of Common Stock 21,861 26.6903 09/17/2021
Purchase of Common Stock 5,324 26.6614 09/17/2021
Purchase of Common Stock 14,725 25.7976 09/20/2021
Purchase of Common Stock 5,664 26.0045 09/20/2021
Purchase of Common Stock 24,919 25.7939 09/20/2021
Purchase of Common Stock 18,126 25.5237 09/21/2021
Purchase of Common Stock 1,975 25.3679 09/21/2021
Purchase of Common Stock 3,583 26.4200 09/22/2021
Purchase of Common Stock 10,476 26.5259 09/22/2021
Purchase of Common Stock 12,805 27.1218 09/23/2021
Purchase of Common Stock 3,353 27.0167 09/24/2021
Purchase of Common Stock 10,058 27.0530 09/24/2021
Purchase of Common Stock 290 28.0152 09/27/2021

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STARBOARD X MASTER FUND LTD

Purchase of Forward Contract 16,350 25.9928 08/02/2021
Purchase of Forward Contract 5,450 25.4313 08/03/2021
Purchase of Forward Contract 10,900 25.3757 08/04/2021
Purchase of Forward Contract 32,700 26.1454 08/11/2021
Purchase of Forward Contract 21,800 25.9427 08/12/2021
Purchase of Forward Contract 13,625 25.6779 08/13/2021
Purchase of Forward Contract 27,250 25.3363 08/16/2021
Purchase of Forward Contract 32,700 25.0422 08/17/2021
Purchase of Forward Contract 2,725 24.9076 08/18/2021
Purchase of Common Stock 50,266 25.1219 08/18/2021
Purchase of Common Stock 45,109 24.4571 08/19/2021
Purchase of Common Stock 2,725 24.1250 08/20/2021
Purchase of Common Stock 1,264 24.5051 08/23/2021
Purchase of Common Stock 2,660 24.4888 08/23/2021
Purchase of Common Stock 48,723 24.6879 08/23/2021
Purchase of Common Stock 71,395 25.4006 08/24/2021
Purchase of Common Stock 3,813 26.2499 08/27/2021
Purchase of Common Stock 839 26.4050 08/27/2021
Purchase of Common Stock 32,700 26.3431 08/27/2021
Purchase of Common Stock 1,286 26.3250 08/30/2021
Purchase of Common Stock 13,365 26.3063 08/30/2021
Purchase of Common Stock 3,270 26.5917 08/31/2021
Purchase of Forward Contract 33,416 26.4941 08/31/2021
Sale of Common Stock (33,416) 26.4880 08/31/2021
Purchase of Common Stock 14,704 26.5458 08/31/2021
Sale of Common Stock (33,374) 26.4342 09/01/2021
Purchase of Common Stock 2,420 26.4970 09/01/2021
Purchase of Forward Contract 33,374 26.4492 09/01/2021
Purchase of Common Stock 32,584 26.3836 09/01/2021
Purchase of Common Stock 32,290 26.8523 09/02/2021
Purchase of Common Stock 11,186 26.6923 09/03/2021
Purchase of Common Stock 16,350 26.6599 09/07/2021
Purchase of Common Stock 50,404 26.7535 09/08/2021
Purchase of Common Stock 7,532 26.9943 09/09/2021
Purchase of Common Stock 35,794 27.0104 09/09/2021
Purchase of Common Stock 5,450 27.0030 09/09/2021
Purchase of Common Stock 57,889 27.2266 09/10/2021
Purchase of Common Stock 8,175 27.1440 09/13/2021
Purchase of Common Stock 30,202 27.3724 09/13/2021
Purchase of Common Stock 29,975 26.7968 09/14/2021
Purchase of Common Stock 2,725 26.6169 09/14/2021
Purchase of Common Stock 8,126 26.8006 09/15/2021
Purchase of Common Stock 51,359 27.1537 09/15/2021
Purchase of Common Stock 42,010 27.2918 09/16/2021
Purchase of Common Stock 31,508 27.2966 09/16/2021
Purchase of Common Stock 50,676 26.6903 09/17/2021
Purchase of Common Stock 12,340 26.6614 09/17/2021
Purchase of Common Stock 34,133 25.7976 09/20/2021
Purchase of Common Stock 13,129 26.0045 09/20/2021
Purchase of Common Stock 57,764 25.7939 09/20/2021
Purchase of Common Stock 36,159 25.5237 09/21/2021
Purchase of Common Stock 3,941 25.3679 09/21/2021
Purchase of Common Stock 4,710 26.4200 09/22/2021
Purchase of Common Stock 13,772 26.5259 09/22/2021

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STARBOARD G FUND, L.P.

Purchase of Common Stock 281,589 27.2918 09/16/2021
Purchase of Common Stock 211,192 27.2966 09/16/2021
Purchase of Common Stock 339,666 26.6903 09/17/2021
Purchase of Common Stock 82,717 26.6614 09/17/2021
Purchase of Common Stock 228,791 25.7976 09/20/2021
Purchase of Common Stock 87,996 26.0045 09/20/2021
Purchase of Common Stock 387,185 25.7939 09/20/2021
Purchase of Common Stock 291,673 25.5237 09/21/2021
Purchase of Common Stock 31,788 25.3679 09/21/2021
Purchase of Common Stock 57,659 26.4200 09/22/2021
Purchase of Common Stock 168,578 26.5259 09/22/2021
Purchase of Common Stock 206,037 27.1218 09/23/2021
Purchase of Common Stock 53,948 27.0167 09/24/2021
Purchase of Common Stock 161,843 27.0530 09/24/2021
Purchase of Common Stock 136,453 28.0152 09/27/2021

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CUSIP No. 447011107

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STARBOARD VALUE LP

(Through the Starboard Value LP Account)

Purchase of Forward Contract 19,050 25.9928 08/02/2021
Purchase of Forward Contract 6,350 25.4313 08/03/2021
Purchase of Forward Contract 12,700 25.3757 08/04/2021
Purchase of Forward Contract 38,100 26.1454 08/11/2021
Purchase of Forward Contract 25,400 25.9427 08/12/2021
Purchase of Forward Contract 15,875 25.6779 08/13/2021
Purchase of Forward Contract 31,750 25.3363 08/16/2021
Purchase of Forward Contract 38,100 25.0422 08/17/2021
Purchase of Forward Contract 3,175 24.9076 08/18/2021
Purchase of Common Stock 58,567 25.1219 08/18/2021
Purchase of Common Stock 52,558 24.4571 08/19/2021
Purchase of Common Stock 3,175 24.1250 08/20/2021
Purchase of Common Stock 1,473 24.5051 08/23/2021
Purchase of Common Stock 3,099 24.4888 08/23/2021
Purchase of Common Stock 56,769 24.6879 08/23/2021
Purchase of Common Stock 83,185 25.4006 08/24/2021
Purchase of Common Stock 4,443 26.2499 08/27/2021
Purchase of Common Stock 978 26.4050 08/27/2021
Purchase of Common Stock 38,100 26.3431 08/27/2021
Purchase of Common Stock 1,499 26.3250 08/30/2021
Purchase of Common Stock 15,572 26.3063 08/30/2021
Purchase of Common Stock 3,810 26.5917 08/31/2021
Purchase of Forward Contract 33,111 26.4941 08/31/2021
Sale of Common Stock (33,111) 26.4880 08/31/2021
Purchase of Common Stock 17,132 26.5458 08/31/2021
Sale of Common Stock (33,407) 26.4342 09/01/2021
Purchase of Common Stock 2,842 26.4970 09/01/2021
Purchase of Forward Contract 33,407 26.4492 09/01/2021
Purchase of Common Stock 38,264 26.3836 09/01/2021
Purchase of Common Stock 37,918 26.8523 09/02/2021
Purchase of Common Stock 13,136 26.6923 09/03/2021
Purchase of Common Stock 19,200 26.6599 09/07/2021
Purchase of Common Stock 59,190 26.7535 09/08/2021
Purchase of Common Stock 8,845 26.9943 09/09/2021
Purchase of Common Stock 42,034 27.0104 09/09/2021
Purchase of Common Stock 6,400 27.0030 09/09/2021
Purchase of Common Stock 67,979 27.2266 09/10/2021
Purchase of Common Stock 9,600 27.1440 09/13/2021
Purchase of Common Stock 35,466 27.3724 09/13/2021
Purchase of Common Stock 35,200 26.7968 09/14/2021
Purchase of Common Stock 3,200 26.6169 09/14/2021
Purchase of Common Stock 9,543 26.8006 09/15/2021
Purchase of Common Stock 60,312 27.1537 09/15/2021
Purchase of Common Stock 49,333 27.2918 09/16/2021
Purchase of Common Stock 37,000 27.2966 09/16/2021
Purchase of Common Stock 59,508 26.6903 09/17/2021
Purchase of Common Stock 14,492 26.6614 09/17/2021
Purchase of Common Stock 67,833 25.7939 09/20/2021
Purchase of Common Stock 40,083 25.7976 09/20/2021
Purchase of Common Stock 15,417 26.0045 09/20/2021
Purchase of Common Stock 42,462 25.5237 09/21/2021
Purchase of Common Stock 4,628 25.3679 09/21/2021
Purchase of Common Stock 5,092 26.4200 09/22/2021
Purchase of Common Stock 14,888 26.5259 09/22/2021