Equity awards vest for ARLP (NASDAQ: ARLP) VP with tax units withheld
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ALLIANCE RESOURCE PARTNERS LP executive Megan J. Cordle reported equity award activity involving partnership units. She exercised or converted 6,086 restricted units into 6,086 common units on February 17, 2026 at a stated unit price of $24.37, reflecting the vesting of those awards.
To cover related tax liabilities, 2,992 common units were disposed of through a tax-withholding transaction at $24.37 per unit, rather than an open market sale. After these transactions, Cordle directly held 48,442 common units, showing her continuing equity stake in the partnership.
Positive
- None.
Negative
- None.
Insider Trade Summary
6,086 shares exercised/converted
Mixed
3 txns
Insider
CORDLE MEGAN J
Role
VP, CONTROLLER AND CAO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted unit | 6,086 | $0.00 | -- |
| Exercise | Common unit | 6,086 | $0.00 | -- |
| Tax Withholding | Common unit | 2,992 | $24.37 | $73K |
Holdings After Transaction:
Restricted unit — 0 shares (Direct);
Common unit — 51,434 shares (Direct)
Footnotes (1)
- The restricted units were issued on February 17, 2026 based upon an ARLP unit price of $24.37. Upon issuance, restricted units are withheld by the Partnership for the payment of tax liability at the vesting price of $24.37. Not applicable
FAQ
What did ARLP executive Megan J. Cordle report on this Form 4?
Megan J. Cordle reported the vesting and conversion of 6,086 restricted units into common units, along with a related tax-withholding disposition. These transactions reflect routine equity compensation activity and adjust her direct holdings in Alliance Resource Partners LP common units.
How many ARLP units did Megan J. Cordle acquire in this filing?
She acquired 6,086 Alliance Resource Partners LP common units through the exercise or conversion of restricted units. This reflects equity awards vesting at a referenced ARLP unit price of $24.37, increasing her directly held common units before any tax-related dispositions.
Why were 2,992 ARLP common units disposed of in the Form 4?
The 2,992 Alliance Resource Partners LP common units were disposed of to pay tax liabilities associated with the vesting transaction. The units were withheld at a price of $24.37 per unit, functioning as a tax-withholding mechanism rather than an open market sale.
What is Megan J. Cordle’s ARLP ownership after these transactions?
Following the reported transactions, Megan J. Cordle directly holds 48,442 Alliance Resource Partners LP common units. This balance reflects the 6,086-unit vesting and the 2,992 units withheld for taxes on February 17, 2026, as shown in the Form 4 data.
Was the tax-withholding in ARLP units an open market sale?
The tax-withholding disposition of 2,992 Alliance Resource Partners LP common units was not an open market sale. Units were withheld by the partnership at the vesting price of $24.37 specifically to satisfy tax liabilities arising from the restricted unit vesting.