Form 4: Alliance Resource Partners LP Executive Sells 117,946 Common Units and Settles Phantom Units for Cash

Timothy J. Whelan, Senior Vice President of Sales at Alliance Resource Partners LP, disposed of 117,946 common units and settled 35,378 phantom units for cash.

Summary

• Timothy J. Whelan, a Senior Vice President at Alliance Resource Partners LP, reported a transaction on December 16, 2024.
• He disposed of 117,946 common units.
• Additionally, 35,378 phantom units were settled in cash due to the termination of the Alliance Coal, LLC Supplemental Executive Retirement Plan.
• The phantom units were originally intended to be settled in common units, but were instead settled in cash.

Sentiment

Score: 5

Explanation: The document is a routine SEC filing detailing an executive's transaction. While the sale of shares could be seen as slightly negative, the settlement of phantom units is a normal part of executive compensation. Overall, the sentiment is neutral.

Negatives

• The sale of 117,946 common units by a senior executive could be perceived negatively by the market.

Risks

• Executive sales can sometimes signal a lack of confidence in the company's future performance.
• The termination of the retirement plan and cash settlement of phantom units could have implications for other employees or future compensation plans.

Industry Context

This filing is a routine disclosure of insider transactions and does not necessarily indicate a broader trend in the coal industry or among competitors.

Comparison to Industry Standards

• Executive transactions are common across all publicly traded companies, including those in the energy sector.
• The sale of common units and settlement of phantom units are standard forms of executive compensation and are not unusual.
• Similar transactions are regularly reported by executives at companies like Peabody Energy and Arch Resources.

Stakeholder Impact

• The sale of common units could have a minor negative impact on shareholder sentiment.
• The cash settlement of phantom units may impact the company's cash flow.

Key Dates

Keywords

Alliance Resource Partners LP, ARLP, executive sale, common units, phantom units, insider trading, SEC Form 4, Timothy J. Whelan, retirement plan