Form 4: Alliance Resource Partners LP: Executive's Beneficial Ownership Changes Disclosed
SEC Form 4
Senior VP and CFO Cary P. Marshall reports changes in beneficial ownership of Alliance Resource Partners LP units, including phantom units to be settled upon retirement plan termination.
Summary
- Cary P. Marshall, Senior VP and CFO of Alliance Resource Partners LP (ARLP), filed a Form 4 detailing changes in his beneficial ownership.
- The report indicates ownership of 984,623 common units held by a trust and 93,125 common units held by an LLC.
- Marshall also reports the acquisition of 1,745 phantom units, which will be settled in ARLP common units upon termination of the Supplemental Executive Retirement Plan, expected in December 2024, or upon death or termination.
- Following the reported transaction, Marshall holds 58,331 phantom units.
- The filing was signed on May 15, 2024, by Kenneth Hemm, pursuant to a power of attorney.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, so the sentiment is neutral.
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
This filing is a routine disclosure related to executive compensation and ownership in a publicly traded company. It provides transparency to investors regarding the holdings of key personnel.
Stakeholder Impact
- Shareholders are informed about the ownership stake of a key executive.
- The filing provides transparency regarding executive compensation.
Key Dates
| Date | Description |
|---|---|
| 11/15/1998 | Date of Cary P. Marshall Revocable Trust DTD |
| 04/12/2013 | Date of power of attorney granted to Kenneth Hemm |
| 05/15/2024 | Date of earliest transaction and filing date |
| 12/2024 | Expected termination of Supplemental Executive Retirement Plan |
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