Form 4: Alliance Resource Partners Director Settles Phantom Units for Cash

Director Wilson M. Torrence settled phantom units for cash following the termination of the company's deferred compensation plan.

Summary

• Director Wilson M. Torrence disposed of 40,396 common units of Alliance Resource Partners LP.
• The transaction occurred on December 16, 2024.
• The director also settled 13,602 phantom units for cash.
• The settlement was a result of the termination of the Alliance Resource Management GP, L.P. Amended & Restated Deferred Compensation Plan for Directors.
• The phantom units were originally intended to be settled in common units but were instead settled in cash.

Sentiment

Score: 5

Explanation: The document is a routine filing related to director compensation and does not indicate any positive or negative sentiment.

Industry Context

This is a routine filing related to director compensation and does not indicate any broader industry trends.

Comparison to Industry Standards

• Director compensation plans and their settlement are common across publicly traded companies.
• The use of phantom units is a typical method for deferred compensation.
• The settlement of phantom units in cash instead of shares is not unusual, especially upon plan termination.

Stakeholder Impact

• The transaction has a minor impact on shareholders as it involves the settlement of director compensation.

Key Dates

Keywords

Alliance Resource Partners, Director Transaction, Phantom Units, Deferred Compensation, Cash Settlement, Form 4, ARLP