Form 4: Alliance Resource Partners LP: Executive Officer Reports Changes in Beneficial Ownership
SEC Form 4 Filing
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 May 15, 2024, Joseph W. Craft III, President and CEO of Alliance Resource Partners LP, filed a Form 4 to report changes in beneficial ownership.
- The report indicates direct ownership of 18,631,398 common units.
- He also has indirect ownership of 2,000 common units through his son and 168,602 common units through his spouse.
- Additionally, he acquired 11,575 phantom units, which are to be settled in ARLP common units upon termination of the Supplemental Executive Retirement Plan, expected in December 2024, or upon his death or termination.
- He disposed of 387,092 phantom units.
Sentiment
Score: 5
Explanation: This is a routine filing; sentiment is neutral as it simply reports changes in ownership.
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 standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Key Dates
| Date | Description |
|---|---|
| April 10, 2013 | Power of attorney date |
| May 15, 2024 | Date of Earliest Transaction and Date of Report |
| December 2024 | Expected termination of Supplemental Executive Retirement Plan |
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