|4Feb 19, 9:33 AM ET

CORDLE MEGAN J 4

Research Summary

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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.