Form 4: Alliance Resource Partners Director Disposes of Common Units and Acquires Phantom Units
SEC Form 4 Filing
A director of Alliance Resource Partners, Wilson M. Torrence, disposed of 40,396 common units and acquired 352 phantom units, which are to be settled in common units upon the termination of the Directors' Deferred Compensation Plan.
Summary
- Wilson M. Torrence, a director at Alliance Resource Partners, engaged in transactions involving the company's securities.
- On November 14, 2024, Mr. Torrence disposed of 40,396 common units.
- On the same day, he acquired 352 phantom units.
- These phantom units are to be settled in ARLP common units upon the termination of the Directors' Deferred Compensation Plan, expected in December 2024, or upon the reporting person's death or termination.
- Following these transactions, Mr. Torrence beneficially owns 13,602 phantom units.
Sentiment
Score: 5
Explanation: The document is a routine filing of a director's transactions and does not indicate any positive or negative sentiment. It is a neutral event.
Future Outlook
The phantom units are expected to be settled in ARLP common units upon the termination of the Directors' Deferred Compensation Plan, which is expected in December 2024, or the reporting person's death or termination.
Industry Context
This filing is a routine disclosure of a director's transactions in company securities, which is common in publicly traded companies. It does not indicate any specific trend in the industry.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies in the US, and this filing is consistent with those requirements.
- The transactions are typical for directors who participate in deferred compensation plans.
Stakeholder Impact
- The transactions have a minimal impact on shareholders as they are part of a director's compensation plan.
Key Dates
| Date | Description |
|---|---|
| 11/14/2024 | Date of the securities transactions, including the disposal of common units and acquisition of phantom units. |
| 11/18/2024 | Date of the signature on the Form 4 filing. |
| December 2024 | Expected termination of the Directors' Deferred Compensation Plan, which will trigger the settlement of phantom units. |
Keywords
Alliance Resource Partners, Director, Common Units, Phantom Units, Securities Transaction, Deferred Compensation Plan, Form 4, Beneficial Ownership
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