Form 4: Alliance Resource Partners LP: Executive Vice President Reports Acquisition of Phantom Units
SEC Form 4 Filing
Robert G. Sachse, Executive Vice President of Alliance Resource Partners LP, reports the acquisition of phantom units convertible to common units, according to a Form 4 filing.
Summary
- Robert G. Sachse, an Executive Vice President at Alliance Resource Partners LP (ARLP), filed a Form 4 with the SEC.
- The filing reports the acquisition of 2,817 phantom units on August 14, 2024.
- These phantom units are convertible to ARLP common units on a 1-for-1 basis.
- Settlement is expected upon termination of the Supplemental Executive Retirement Plan in December 2024, or upon the reporting person's death or termination.
- Following the transaction, Sachse beneficially owns 287,445 common units directly and 96,873 phantom units.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, indicating a neutral sentiment.
Future Outlook
Settlement of the phantom units is expected in December 2024 upon termination of the Supplemental Executive Retirement Plan, or upon the reporting person's death or termination.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The acquisition of phantom units by an executive may be of interest to shareholders as it relates to executive compensation and alignment of interests.
Key Dates
| Date | Description |
|---|---|
| April 10, 2013 | Date of power of attorney granted to Kenneth Hemm. |
| August 14, 2024 | Date of transaction: acquisition of phantom units. |
| August 16, 2024 | Date of signature on the Form 4 filing. |
| December 2024 | Expected termination of the Supplemental Executive Retirement Plan. |
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