Form 4: Alliance Resource Partners LP: Executive Acquires Phantom Units

Thomas M. Wynne, Senior Vice President and COO of Alliance Resource Partners LP, reports acquisition of phantom units convertible to common units.

Summary

• On May 15, 2024, Thomas M. Wynne, Senior Vice President and COO of Alliance Resource Partners LP (ARLP), filed a Form 4 indicating changes in beneficial ownership.
• The filing reports the acquisition of 2,761 phantom units, which are convertible to ARLP common units upon the termination of the Supplemental Executive Retirement Plan, expected in December 2024, or upon Mr. Wynne's death or termination.
• Following the reported transaction, Mr. Wynne directly owns 859,939.9292 common units, indirectly owns 324,649 common units through Wynne Family LP, and 99,745 common units through a trust.
• He also directly owns 92,324 phantom units.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it reflects a routine transaction related to executive compensation. The acquisition of phantom units can be seen as a positive sign of executive confidence, but it's not a major event.

Positives

• The acquisition of phantom units by a key executive could be seen as a positive sign, indicating confidence in the company's future performance.

Future Outlook

The phantom units are 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

Form 4 filings are a routine part of executive compensation and provide transparency into the holdings of company insiders.

Stakeholder Impact

• The transaction may have a minor positive impact on shareholders as it signals executive confidence.

Key Dates