Form 4: Alliance Resource Partners LP: Officer Kirk Tholen Reports Transaction in Common Units
SEC Form 4 Filing
Senior Vice President Kirk Tholen reports a transaction involving Alliance Resource Partners LP (ARLP) common units and phantom units.
Summary
- On August 14, 2024, Kirk Tholen, Senior Vice President of Alliance Resource Partners LP (ARLP), reported a transaction.
- Tholen disposed of 110,396 common units.
- Tholen acquired 2,389 phantom units that are to be settled in ARLP common units upon the termination of the Supplemental Executive Retirement Plan, expected in December 2024, or upon death or termination.
- Following the reported transactions, Tholen beneficially owns 82,164 derivative securities.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing related to insider trading. It doesn't inherently indicate positive or negative sentiment about the company's performance.
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 is a standard SEC Form 4 filing, which is a routine disclosure of insider transactions. It provides transparency into the trading activities of company officers and directors.
Stakeholder Impact
- The transaction may provide some insight to stakeholders regarding management's view of the company's value, but the impact is likely minimal.
Key Dates
| Date | Description |
|---|---|
| 12/11/2019 | Power of attorney dated |
| 08/14/2024 | Date of transaction |
| 08/16/2024 | Date of signature |
| December 2024 | Expected termination of Supplemental Executive Retirement Plan |
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