Form 4: Alliance Resource Partners LP: Director Druten Reports Acquisition of Phantom Units

Director Robert J. Druten reports acquisition of phantom units convertible to common units in Alliance Resource Partners LP.

Summary

• Robert J. Druten, a director of Alliance Resource Partners LP (ARLP), filed a Form 4 disclosing changes in beneficial ownership.
• The report indicates the acquisition of 469 phantom units on May 15, 2024, which are convertible to ARLP common 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 the transaction, Druten beneficially owns 15,670 derivative securities and 25,628 common units.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing a transaction by a company insider. It doesn't inherently convey 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

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a director's acquisition of phantom units, a form of deferred compensation common in many publicly traded companies.

Stakeholder Impact

• The acquisition of phantom units by a director could have a minor positive impact on shareholder confidence, as it aligns the director's interests with those of the shareholders.

Key Dates