Form 4: Alliance Resource Partners LP: Executive Timothy Whelan Reports Changes in Beneficial Ownership
SEC Form 4
Senior Vice President of Sales, Timothy Whelan, reports changes in beneficial ownership of Alliance Resource Partners LP (ARLP) common units and phantom units.
Summary
- On August 14, 2024, Timothy Whelan, Senior Vice President of Sales at Alliance Resource Partners LP (ARLP), reported changes in his beneficial ownership of the company's securities.
- Whelan acquired 1,002 phantom units, which are to be settled in ARLP common units upon the termination of the Supplemental Executive Retirement Plan, expected in December 2024, or upon his death or termination.
- Whelan also directly owns 167,946 common units.
- He disposed of 1,002 common units.
Sentiment
Score: 5
Explanation: This is a neutral report on changes in beneficial ownership, a routine filing with no inherent positive or negative sentiment.
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 changes, which is common in publicly traded companies. It provides transparency to investors regarding the alignment of management's interests with those of shareholders.
Stakeholder Impact
- The change in ownership may have a minor impact on shareholders, as it reflects an executive's stake in the company.
- The filing provides transparency to stakeholders regarding executive compensation and ownership.
Key Dates
| Date | Description |
|---|---|
| 02/06/2018 | Power of attorney dated February 6, 2018, pursuant to which Kenneth Hemm signed the report on behalf of Timothy Whelan. |
| 08/14/2024 | Date of the transaction involving phantom units. |
| 08/16/2024 | Date of the Form 4 filing. |
| December 2024 | Expected termination of the Supplemental Executive Retirement Plan, at which point the phantom units are to be settled. |
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