Form 4: Alliance Resource Partners LP Executive Reports Changes in Beneficial Ownership
SEC Form 4 Filing
A Senior Vice President of Alliance Resource Partners LP reported a transaction involving the acquisition of phantom units and a decrease in direct holdings of common units.
Summary
- Kirk Tholen, a Senior Vice President at Alliance Resource Partners LP, filed a Form 4 detailing changes in his beneficial ownership of the company's securities.
- The report indicates that Mr. Tholen acquired 2,177 phantom units on November 14, 2024.
- These phantom units 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.
- Mr. Tholen also reported a decrease in his direct holdings of common units, with a total of 110,396 common units now held directly.
- Following the reported transactions, Mr. Tholen beneficially owns 84,341 phantom units.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing changes in beneficial ownership, which is neither positive nor negative in itself.
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 filing is a routine disclosure of changes in beneficial ownership by a company executive, which is a common practice in publicly traded companies. It provides transparency into the holdings of key personnel.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies in the US, and this filing is consistent with those requirements.
- The reporting of phantom units and their conversion to common units is a common form of executive compensation.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it reflects changes in executive holdings, which is a normal part of company operations.
Key Dates
| Date | Description |
|---|---|
| 11/14/2024 | Date of the transaction involving the acquisition of phantom units. |
| 11/18/2024 | Date the Form 4 was signed. |
| December 2024 | Expected termination of the Supplemental Executive Retirement Plan, triggering settlement of phantom units. |
Keywords
Form 4, Beneficial Ownership, Alliance Resource Partners LP, ARLP, Phantom Units, Common Units, Executive Compensation, Securities Transaction
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