COMMON UNIT-BASED COMPENSATION PLANS (Tables)

3 Months Ended

Mar. 31, 2024

ARLP LTIP

COMMON UNIT-BASED COMPENSATION PLANS

Summary of non-vested share activity

	Number of units	Weighted average grant date fair value per unit		Intrinsic value
				(in thousands)
Non-vested grants at January 1, 2024	2,710,344	$	10.91		51,405
Granted (1)	455,574		19.69
Vested (2)	(1,582,422)		6.53
Forfeited	(22,958)		15.31
Non-vested grants at March 31, 2024	1,560,538		17.86		31,289

(1) The restricted units granted during 2024 have certain minimum-value guarantees per unit, regardless of whether or not the awards vest.

(2) During the three months ended March 31, 2024, we issued 936,544 unrestricted common units to the LTIP participants.  The remaining vested units were settled in cash to satisfy tax withholding.

SERP and Deferred Compensation Plans

COMMON UNIT-BASED COMPENSATION PLANS

Summary of activity in share-based plans

	Number of units	Weighted average grant date fair value per unit		Intrinsic value
				(in thousands)
Phantom units outstanding as of January 1, 2024	811,946	$	20.44	$	17,197
Granted	27,879		19.90
Phantom units outstanding as of March 31, 2024	839,825		20.42		16,838