Form 4: Alliance Resource Partners LP Executive Settles Phantom Units in Cash

Thomas M. Wynne, Senior Vice President and COO of Alliance Resource Partners LP, settled phantom units in cash following the termination of the company's Supplemental Executive Retirement Plan.

Summary

• Thomas M. Wynne, a Senior Vice President and COO at Alliance Resource Partners LP, reported changes in his beneficial ownership of company securities.
• The changes occurred due to the termination of the Alliance Coal, LLC Supplemental Executive Retirement Plan.
• As a result of the plan's termination, 97,609 phantom units were settled in cash rather than common units as originally planned.
• Mr. Wynne directly owns 859,939.9292 common units.
• He also indirectly owns 324,649 common units through Wynne Family LP and 99,745 common units through a trust.

Sentiment

Score: 5

Explanation: The document is a routine disclosure of executive transactions and does not indicate any positive or negative sentiment. It is a neutral event.

Industry Context

This filing is a routine disclosure of changes in beneficial ownership by a company executive, which is common in the energy sector and other industries. It reflects the settlement of a specific executive compensation plan.

Comparison to Industry Standards

• Executive compensation plans involving phantom units are common across various industries, including energy.
• The settlement of these units in cash upon plan termination is a standard practice.
• Similar filings are regularly made by executives at comparable companies such as Peabody Energy and Arch Resources, reflecting changes in their holdings.

Stakeholder Impact

• The settlement of phantom units has a minor impact on shareholders as it is a standard executive compensation practice.

Key Dates

Keywords

Alliance Resource Partners LP, ARLP, Thomas M. Wynne, phantom units, executive compensation, beneficial ownership, SEC Form 4, Supplemental Executive Retirement Plan