Tholen Kirk 4

What Happened
Kirk Tholen, Senior Vice President of Alliance Resource Partners (ARLP), had 34,080 restricted units vest/convert on February 17, 2026. Of those, 15,200 units were withheld to cover tax liability at a vesting price of $24.37 (cash value ≈ $370,424). The restricted-unit issuance and withholding are reported as an exercise/conversion (derivative) and a tax withholding disposition.

Key Details

• Transaction date: February 17, 2026; Form 4 filed February 19, 2026 (timely filing).
• Primary actions and codes: M = exercise/conversion of derivative (34,080 units acquired); F = tax withholding disposition (15,200 units withheld at $24.37).
• Withholding proceeds: 15,200 units × $24.37 = $370,424 (used to satisfy tax liability).
• Exercise/conversion price: N/A (these were restricted units, not option exercises).
• Shares owned after the transaction: Not disclosed in the provided filing.
• Footnotes: F1/F2 state restricted units were issued on Feb 17, 2026 and withheld at the vesting price of $24.37; F3 = not applicable.

Context
This was a routine vesting/conversion of restricted units, not an open-market sale or purchase. The withholding of units to pay taxes is a common, administrative step (similar to a cashless exercise) and does not necessarily signal a change in the insider’s view of the company.