Form 4: Alliance Resource Partners LP: Executive Vice President Reports Acquisition of Phantom Units

Robert G. Sachse, Executive Vice President of Alliance Resource Partners LP, reports the acquisition of phantom units convertible to common units upon termination of the Supplemental Executive Retirement Plan.

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 2,813 phantom units on May 15, 2024.
• These phantom units are convertible to ARLP common units on a 1-for-1 basis.
• The conversion is expected upon the termination of the Supplemental Executive Retirement Plan in December 2024, or upon the reporting person's death or termination.
• Following the reported transaction, Sachse beneficially owns 94,056 phantom units.
• Sachse also directly owns 287,445 common units.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a standard SEC filing related to executive compensation. The acquisition of phantom units is neither particularly positive nor negative on its own.

Positives

• The acquisition of phantom units suggests continued alignment of the executive's interests with the long-term performance of the company.

Future Outlook

The phantom units are expected 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 holdings, common in publicly traded partnerships like Alliance Resource Partners LP. It provides transparency to investors regarding the alignment of management's interests with those of the unitholders.

Stakeholder Impact

• The acquisition of phantom units aligns the executive's interests with those of the unitholders, potentially incentivizing actions that benefit the company's long-term performance.

Key Dates