Timothy Whelan - 08 Feb 2023 Form 4 Insider Report for ALLIANCE RESOURCE PARTNERS LP (ARLP)

Role
SENIOR VICE PRESIDENT SALES
Signature
/s/ Timothy Whelan, by Kenneth Hemm, pursuant to power of attorney dated February 6, 2018
Issuer symbol
ARLP
Transactions as of
08 Feb 2023
Transactions value $
-$550,126
Form type
4
Filing time
10 Feb 2023, 10:18:39 UTC
Previous filing
31 Jan 2023
Next filing
16 Feb 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ARLP Common unit Options Exercise +72.8K +110.96% 138K 08 Feb 2023 Direct F1
transaction ARLP Common unit Tax liability -$550K -25.5K -18.39% $21.61 113K 08 Feb 2023 Direct F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction ARLP Restricted unit Options Exercise -72.8K -100% 0 08 Feb 2023 Common unit 72.8K Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On January 27, 2023, our Compensation Committee determined that the vesting requirements for the 2020 Long-Term Incentive Plan grants had been satisfied. As a result restricted units were determined to be vested effective January 1, 2023 and subsequently issued on February 8, 2023 based upon an ARLP unit price of $21.61.
F2 Upon vesting, restricted units are withheld by the Partnership for the payment of tax liability at the vesting price of $21.61.
F3 Not applicable