Form 4: Alliance Resource Partners LP Executive Reports Share Transactions

Joseph W. Craft III, President and CEO of Alliance Resource Partners LP, reports the acquisition of phantom units and adjustments to his holdings of common units.

Summary

• Joseph W. Craft III, President and CEO of Alliance Resource Partners LP, filed a Form 4 detailing changes in his beneficial ownership of the company's securities.
• The report indicates that Mr. Craft acquired 10,564 phantom units, which are to be settled in ARLP common units upon the termination of the Supplemental Executive Retirement Plan, expected in December 2024.
• Mr. Craft's direct holdings of common units remain at 18,631,398.
• He also has indirect holdings of 2,000 common units through his son and 168,602 common units through his spouse.
• The report also shows a decrease in his derivative securities holdings to 409,246.

Sentiment

Score: 7

Explanation: The document is a routine disclosure of executive holdings, which is generally neutral. The acquisition of phantom units is a positive sign of alignment with company performance, but it is not a major event.

Positives

• The acquisition of phantom units indicates continued alignment of executive compensation with company performance.
• The report provides transparency into the executive's holdings.

Risks

• The timing of the settlement of phantom units is tied to the termination of the Supplemental Executive Retirement Plan, which could introduce uncertainty.

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.

Management Comments

• 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

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 to investors regarding 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 direct and indirect holdings, as well as derivative securities, is typical for executive disclosures.
• The use of phantom units as part of executive compensation is also a common practice in many industries.

Stakeholder Impact

• The report provides transparency to shareholders regarding the holdings of a key executive.
• The acquisition of phantom units aligns executive compensation with company performance, which is generally positive for shareholders.

Next Steps

• The phantom units will be settled in ARLP common units upon the termination of the Supplemental Executive Retirement Plan, expected in December 2024.

Key Dates

Keywords

Form 4, Alliance Resource Partners LP, ARLP, Joseph W. Craft III, Beneficial Ownership, Phantom Units, Executive Compensation, Securities, Common Units