New carbazolide-based iridium pincer complexes (<sup>carb</sup>PNP)Ir(C<sub>2</sub>H<sub>4</sub>), <b>3a</b>, and (<sup>carb</sup>PNP)Ir(H)<sub>2</sub>, <b>3b</b>, have been prepared and characterized. The dihydride, <b>3b</b>, reacts with ethylene to yield the <i>cis</i>-dihydride ethylene complex <i>cis</i>-(<sup>carb</sup>PNP)Ir(C<sub>2</sub>H<sub>4</sub>)(H)<sub>2</sub>. Under ethylene this complex reacts slowly at 70 °C to yield ethane and the ethylene complex, <b>3a</b>. Kinetic analysis establishes that the reaction rate is dependent on ethylene concentration and labeling studies show reversible migratory insertion to form an ethyl hydride complex prior to formation of <b>3a</b>. Exposure of <i>cis</i>-(<sup>carb</sup>PNP)Ir...