CORDLE MEGAN J 4
4 · ALLIANCE RESOURCE PARTNERS LP · Filed Feb 19, 2026
Research Summary
AI-generated summary of this filing
ARLP VP Megan Cordle Receives Restricted Units; 2,992 Withheld
What Happened
Megan J. Cordle, VP, Controller and CAO of Alliance Resource Partners (ARLP), had 6,086 restricted units issued/converted to partnership units on February 17, 2026. To cover tax withholding, 2,992 units were surrendered at a vesting price of $24.37 (yielding $72,915). The net units retained by Cordle from this issuance are 3,094 units (6,086 issued minus 2,992 withheld). This was a vesting/award event (not an open-market purchase or sale).
Key Details
- Transaction date: February 17, 2026; Form 4 filed February 19, 2026 (timely filing).
- Award/Conversion: 6,086 restricted units converted/issued (reported as derivative exercise/conversion).
- Tax withholding: 2,992 units withheld/disposed at $24.37 per unit = $72,915.
- Net units retained from this issuance: 3,094 units.
- Footnotes: Units issued based on ARLP unit price of $24.37; units were withheld by the Partnership to cover tax liability at that price.
- Total holdings after the transaction are not stated on the filing (only the net units from this issuance are reported).
Context
This filing documents a routine vesting/issuance of restricted units and the Partnership’s tax-withholding by retaining units. Such withholding is a common administrative step and does not by itself indicate an intentional market sale or a directional trading signal.
Insider Transaction Report
- Exercise/Conversion
Common unit
[F1]2026-02-17+6,086→ 51,434 total - Tax Payment
Common unit
[F2]2026-02-17$24.37/sh−2,992$72,915→ 48,442 total - Exercise/Conversion
Restricted unit
[F1][F3]2026-02-17−6,086→ 0 totalFrom: 2026-02-17→ Common unit (6,086 underlying)
Footnotes (3)
- [F1]The restricted units were issued on February 17, 2026 based upon an ARLP unit price of $24.37.
- [F2]Upon issuance, restricted units are withheld by the Partnership for the payment of tax liability at the vesting price of $24.37.
- [F3]Not applicable