Form 4: Alliance Resource Partners LP Executive Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Senior VP and CFO of Alliance Resource Partners LP, Cary P. Marshall, reports changes in beneficial ownership of common units and phantom units.
Summary
- Cary P. Marshall, Senior VP and CFO of Alliance Resource Partners LP, filed a Form 4 detailing changes in his beneficial ownership.
- The report indicates that Mr. Marshall indirectly holds 984,622 common units through a revocable trust and 93,125 common units through an LLC.
- Additionally, Mr. Marshall acquired 1,592 phantom units that will be settled in ARLP common units upon the termination of the Supplemental Executive Retirement Plan, expected in December 2024, or his death or termination.
- Following these transactions, Mr. Marshall's total holdings include 61,670 phantom units.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing and does not contain any information that would significantly impact the sentiment of the stock. It is a neutral event.
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, ensuring transparency of insider transactions.
- The reporting of indirect holdings through trusts and LLCs is common among executives.
- The use of phantom units as part of executive compensation is also a common practice in the industry.
Stakeholder Impact
- The filing provides transparency to shareholders regarding the holdings of a key executive.
- The information is relevant to investors tracking insider ownership and potential future dilution from phantom unit settlements.
Key Dates
| Date | Description |
|---|---|
| 11/15/1998 | Date of the Cary P. Marshall Revocable Trust. |
| 04/12/2013 | Date of the power of attorney granted to Kenneth Hemm. |
| 11/14/2024 | Date of the transaction involving phantom units. |
| 11/18/2024 | Date of the Form 4 filing. |
| December 2024 | Expected termination of the Supplemental Executive Retirement Plan. |
Keywords
beneficial ownership, Form 4, phantom units, common units, executive compensation, insider trading, ARLP, Alliance Resource Partners LP, Cary P. Marshall
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