Form 4: Alliance Resource Partners LP Executive Timothy Whelan Reports Share Transactions
SEC Form 4 Filing
Senior Vice President of Sales at Alliance Resource Partners LP, Timothy Whelan, reports the vesting and disposal of restricted units.
Summary
- Timothy Whelan, Senior Vice President of Sales at Alliance Resource Partners LP, reported a transaction involving restricted units.
- On January 28, 2025, 46,802 restricted units vested, converting into common units.
- These units were part of a grant issued in 2022 under the Long-Term Incentive Plan.
- Following the vesting, Mr. Whelan disposed of 46,802 common units.
- Mr. Whelan's total holdings of common units after the transaction is not explicitly stated in this document.
Sentiment
Score: 5
Explanation: The document is a routine SEC filing regarding executive stock transactions, which is neither positive nor negative in itself. It reflects standard corporate governance practices.
Industry Context
This filing is a routine disclosure of executive compensation and share transactions, which is common in publicly traded companies. It does not indicate any specific trend in the coal industry or the performance of Alliance Resource Partners LP.
Comparison to Industry Standards
- Executive compensation packages often include restricted stock units that vest over time, aligning executive interests with long-term company performance.
- The vesting and subsequent disposal of shares by executives is a common practice and is not unusual in the context of publicly traded companies.
- Similar transactions are regularly reported by executives at other energy companies such as Peabody Energy and Arch Resources.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a standard executive compensation event.
- The vesting of restricted units is part of the company's long-term incentive plan for executives.
Key Dates
| Date | Description |
|---|---|
| 01/28/2025 | Restricted units vested and converted to common units; Compensation Committee finalized the number of restricted units. |
| 01/30/2025 | Date of signature for the SEC Form 4 filing. |
Keywords
Alliance Resource Partners LP, restricted units, common units, insider trading, executive compensation, vesting, Long-Term Incentive Plan, Timothy Whelan
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