Form 4: Alliance Resource Partners LP: Executive Officer Reports Changes in Beneficial Ownership
SEC Form 4
Joseph W. Craft III, President and CEO of Alliance Resource Partners LP, reports changes in beneficial ownership of common units and phantom units.
Summary
- On August 14, 2024, Joseph W. Craft III, President and CEO of Alliance Resource Partners LP, filed a Form 4 to report changes in his beneficial ownership of the company's securities.
- Craft directly owns 18,631,398 common units.
- He indirectly owns 2,000 common units through his son and 168,602 common units through his spouse.
- He acquired 11,590 phantom units on August 14, 2024, which are to be settled in ARLP common units upon the termination of the Supplemental Executive Retirement Plan, expected in December 2024, or upon his death or termination.
- He also disposed of 398,682 phantom units.
Sentiment
Score: 5
Explanation: This is a routine filing; the sentiment is neutral as it simply reports changes in beneficial ownership.
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
Form 4 filings are standard practice and provide transparency into the trading activities of company insiders, which can be an indicator of management's confidence in the company's prospects.
Key Dates
| Date | Description |
|---|---|
| April 10, 2013 | Date of power of attorney granted to Kenneth Hemm. |
| August 14, 2024 | Date of transaction involving phantom units. |
| August 16, 2024 | Date of signature on the Form 4 filing. |
| December 2024 | Expected termination of the Supplemental Executive Retirement Plan. |
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