Form 4: Alliance Resource Partners LP: Executive Cary P. Marshall Reports Changes in Beneficial Ownership
SEC Form 4
Senior VP and CFO Cary P. Marshall reports changes in beneficial ownership of Alliance Resource Partners LP (ARLP) common units and phantom units.
Summary
- Cary P. Marshall, Senior VP and CFO of Alliance Resource Partners LP (ARLP), filed a Form 4 detailing changes in his beneficial ownership of the company's securities.
- The report indicates transactions involving phantom units, which are to be settled in ARLP common units upon the termination of the Supplemental Executive Retirement Plan, expected in December 2024, or upon the reporting person's death or termination.
- Marshall directly and indirectly owns common units through a revocable trust and an LLC.
- As of the latest transaction, Marshall beneficially owns 984,623 common units held by a trust and 93,125 common units held by an LLC.
- He also owns 60,078 phantom units.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing, so the sentiment is neutral.
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 regulatory compliance for publicly traded companies, providing transparency into the trading activities of company insiders.
Key Dates
| Date | Description |
|---|---|
| 11/15/1998 | Date of Cary P. Marshall Revocable Trust DTD |
| 04/12/2013 | Date of power of attorney granted to Kenneth Hemm |
| 08/14/2024 | Date of the earliest transaction reported |
| 08/16/2024 | Date of signature on the report |
| December 2024 | Expected termination of the Supplemental Executive Retirement Plan |
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