Form 4: Alliance Resource Partners LP: Senior Vice President Kirk Tholen Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Senior Vice President Kirk Tholen reports changes in beneficial ownership of Alliance Resource Partners LP (ARLP) common units and phantom units.
Summary
- Kirk Tholen, Senior Vice President of Alliance Resource Partners LP (ARLP), filed a Form 4 to report changes in beneficial ownership.
- The reported transactions involve common units and phantom units.
- Tholen disposed of 110,396 common units.
- He acquired 2,386 phantom units on May 15, 2024.
- Following the reported transactions, Tholen beneficially owns 79,775 phantom units.
- The phantom units are to be settled in ARLP common units upon the termination of the Supplemental Executive Retirement Plan, expected in December 2024, or upon the reporting person's death or termination.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing reflecting changes in beneficial ownership. It doesn't inherently indicate 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
Form 4 filings are a routine part of compliance for corporate insiders and provide transparency into their transactions in the company's securities. This filing indicates changes in Kirk Tholen's holdings of ARLP units.
Key Dates
| Date | Description |
|---|---|
| December 11, 2019 | Date of power of attorney granted to Kenneth Hemm. |
| May 15, 2024 | Date of the reported transaction (acquisition of phantom units). |
| December 2024 | Expected termination of the Supplemental Executive Retirement Plan. |
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