Form 4: Alliance Resource Partners LP Executive Acquires Phantom Units

Senior Vice President of Sales at Alliance Resource Partners LP, Timothy J. Whelan, acquired 914 phantom units, convertible to common units upon retirement plan termination.

Summary

• Timothy J. Whelan, Senior Vice President of Sales at Alliance Resource Partners LP, reported a transaction on November 14, 2024.
• Mr. Whelan acquired 914 phantom units, which are convertible to common units.
• These phantom units will be settled in ARLP common units upon the termination of the Supplemental Executive Retirement Plan, expected in December 2024, or upon Mr. Whelan's death or termination.
• Following the transaction, Mr. Whelan directly owns 167,946 common units and 35,378 phantom units.

Sentiment

Score: 6

Explanation: The document is a routine filing related to executive compensation. It doesn't indicate any significant positive or negative sentiment, but the acquisition of phantom units could be seen as a positive sign of executive confidence.

Positives

• The acquisition of phantom units by a senior executive could indicate confidence in the company's future performance.

Future Outlook

The phantom units are expected to be settled in ARLP common units upon the termination of the Supplemental Executive Retirement Plan, which is expected in December 2024, or the reporting person's death or termination.

Industry Context

This is a standard SEC Form 4 filing, which is common for publicly traded companies when executives make transactions in their company's securities. It provides transparency into executive ownership and compensation.

Comparison to Industry Standards

• Executive compensation packages often include phantom units or similar instruments, especially in the energy sector, to align executive interests with long-term company performance.
• The use of phantom units is a common practice among publicly traded partnerships like Alliance Resource Partners LP, similar to other master limited partnerships (MLPs) such as Enterprise Products Partners (EPD) or Magellan Midstream Partners (MMP).

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it indicates executive confidence in the company's future.

Next Steps

• The phantom units will be settled in ARLP common units upon the termination of the Supplemental Executive Retirement Plan, expected in December 2024.

Key Dates

Keywords

phantom units, executive compensation, insider trading, common units, Alliance Resource Partners LP, ARLP, SEC Form 4