Form 4: ARLP CFO Marshall Converts Restricted Units, Sells for Tax

Cary P. Marshall, Senior VP and CFO of Alliance Resource Partners LP, converted restricted units and sold a portion for tax obligations.

Summary

• Cary P. Marshall, Senior VP and CFO of Alliance Resource Partners LP (ARLP), reported transactions involving common units on February 17, 2026.
• Marshall acquired 30,945 common units through the conversion of restricted units.
• Concurrently, 13,880 common units were disposed of at a price of $24.37 per unit to cover tax liabilities upon vesting.
• Following these transactions, Marshall indirectly holds 1,017,728 common units through a revocable trust and 93,125 common units through an LLC.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a neutral to slightly positive event, reflecting the routine vesting of executive compensation and the associated tax-related sale, which is a common and expected occurrence.

Positives

• The conversion of restricted units indicates the vesting of equity compensation, aligning management's interests with long-term company performance.

Negatives

• A disposition of 13,880 common units occurred, although it was for the purpose of covering tax liabilities associated with the vesting of restricted units.

Industry Context

StockSavvy.ai notes that routine insider transactions, such as the vesting and tax-related sale of restricted units, are common across industries and typically reflect standard equity compensation practices rather than a change in strategic direction or operational performance.

Stakeholder Impact

• Shareholders: Minor impact as it's a routine insider transaction related to compensation, not a significant change in management's confidence or company fundamentals.

Key Dates

Recommendation

This Form 4 filing details a routine insider transaction involving the vesting of restricted units and a subsequent sale to cover tax liabilities. Such transactions are common for executive compensation and do not typically indicate a change in the company's fundamental outlook or management's confidence. Therefore, it provides no new information that would warrant a change in investment recommendation.

Keywords

Alliance Resource Partners, ARLP, Cary P. Marshall, Form 4, Insider Transaction, Restricted Units, Equity Compensation, CFO, Beneficial Ownership