Form 4: Alliance Resource Partners Director Sells Common Units and Acquires Phantom Units

Robert J. Druten, a director at Alliance Resource Partners, disposed of 25,628 common units and acquired 428 phantom units, which will be settled in common units upon certain conditions.

Summary

• Robert J. Druten, a director at Alliance Resource Partners, has filed a Form 4 detailing changes in his beneficial ownership of the company's securities.
• On November 14, 2024, Mr. Druten disposed of 25,628 common units.
• On the same date, he acquired 428 phantom units, which are convertible to common units.
• These phantom units will be settled in ARLP common units upon the termination of the Directors' Deferred Compensation Plan, expected in December 2024, or upon his death or termination.
• Following these transactions, Mr. Druten's holdings of common units decreased, while his holdings of phantom units increased.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing a director's transactions, with no inherent positive or negative sentiment.

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 changes in beneficial ownership by a company director, which is a common occurrence in publicly traded companies.

Stakeholder Impact

• The transaction may have a minor impact on shareholders due to the change in ownership by a director.

Key Dates

Keywords

Form 4, Alliance Resource Partners, Director, Robert J. Druten, Common Units, Phantom Units, Beneficial Ownership, Deferred Compensation Plan