Watson Mark Allen 4
Research Summary
AI-generated summary
ARLP SrVP Mark Watson Receives Award; Shares Withheld for Taxes
What Happened
- Mark Watson, Senior Vice President — Operations & Technology at Alliance Resource Partners (ARLP), was issued 12,317 restricted units on February 17, 2026 (conversion/exercise of a derivative). The units were issued at a vesting/unit price of $24.37, giving a gross grant value of roughly $300,164.
- To cover tax withholding, 5,711 of those units were withheld by the partnership at $24.37, a withholding value of $139,177. That leaves a net issuance to Watson of 6,606 units (approximately $160,987). This is an award/vesting event rather than an open-market purchase or voluntary sale.
Key Details
- Transaction date: February 17, 2026; Form 4 filed February 19, 2026 (timely within the usual two-business-day window).
- Units issued (converted): 12,317 restricted units at $24.37 (gross ≈ $300,164).
- Shares withheld for taxes: 5,711 units at $24.37 (value $139,177).
- Net units issued to insider: 6,606 units (≈ $160,987).
- Footnotes: F1 — units issued based on $24.37 unit price; F2 — Partnership withheld units to pay tax liability at the vesting price; F3 — not applicable.
- Shares owned after the transaction: not specified in the supplied filing excerpt.
Context
- This was a grant/vesting and withholding (routine tax withholding) event — effectively a receipt of restricted units with a portion withheld to satisfy taxes (a common "cashless" withholding mechanism), not an open-market purchase or investment signal.
- For retail investors, awards and withholding are informative about compensation but do not necessarily indicate insider sentiment about the stock’s near-term outlook.