Form 4: Hyster-Yale Director David B. Williams Receives Equity Award

Hyster-Yale, Inc. Director David B. Williams was awarded 948 shares of Class A Common Stock as 'Required Shares' under the company's Non-Employee Directors' Equity Compensation Plan, effective July 1, 2025.

Summary

• David B. Williams, a Director and Member of a Group at Hyster-Yale, Inc. (HY), was awarded 948 shares of Class A Common Stock.
• The shares were awarded as "Required Shares" under the company's Non-Employee Directors' Equity Compensation Plan.
• The transaction date for this award is July 1, 2025.
• Following this transaction, 21,411 shares of Class A Common Stock are beneficially owned indirectly, held in a trust for the reporting person's benefit.
• The filing also details numerous other indirect beneficial ownerships of Class A Common Stock and Class B Common Stock (convertible to Class A) through trusts and partnerships involving the spouse and children, for which the reporting person explicitly disclaims beneficial ownership.
• Indirect Class A Common Stock holdings for which beneficial ownership is disclaimed include: 153,313 shares (Spouse's proportionate partnership interest in AMR Associates LP), 983 shares (Spouse as Trustee of HRB 2020 GST trust fbo Clara Butler), 2,647 shares (Spouse as Trustee of GSTs for Clara R. Williams), 182,185 shares (trust for spouse), 983 shares (Spouse as Trustee of HRB 2020 GST trust fbo Griffin Butler), 1,967 shares (Child's proportionate partnership interest in AMR Associates LP), 7,211 shares (Reporting Person as Trustee of a Trust for child), 983 shares (Serves as Trustee of CRW 2020 GST trust fbo Helen Williams), 1,967 shares (Child's proportionate partnership interest in AMR Associates LP), 9,961 shares (Reporting Person as Trustee of a Trust for child), and 983 shares (Serves as Trustee of CRW 2020 GST trust fbo Margo Williams).
• Indirect Class A Common Stock underlying Class B Common Stock holdings for which beneficial ownership is disclaimed include: 147,481 shares (Spouse's proportionate partnership interest in AMR Associates LP), 62,034 shares (Spouse as Trustee of HRB 2020 GST trust fbo Clara Butler), 41,679 shares (Spouse as Trustee of GSTs for Clara R. Williams), 52,321 shares (Spouse's proportionate interests in Rankin Associates I), 85,056 shares (Spouse's proportionate interests in Rankin Associates IV), 146 shares (Spouse's proportionate interest in Rankin Associates VI), 20,160 shares (Spouse as Trustee of BTR 2020 GST trust fbo Clara Williams), 11,766 shares (proportionate LP interest in RA II, L.P), 905 shares (proportionate interests held in Rankin Associates V), 635 shares (Reporting person's proportionate interest in Rankin Associates VI), 62,035 shares (Spouse as Trustee of HRB 2020 GST trust fbo Griffin Butler), 1,892 shares (Child's proportionate partnership interest in AMR Associates LP), 22,654 shares (Child's trust’s proportionate interests in Rankin Associates II), 461 shares (child's proportionate interests held in Rankin Associates V), 634 shares (Child's proportionate interest in Rankin Associates VI), 62,035 shares (Serves as Trustee of CRW 2020 GST trust fbo Helen Williams), 1,892 shares (Child's proportionate partnership interest in AMR Associates LP), 19,904 shares (Child's trust’s proportionate interests in Rankin Associates II), 461 shares (child's proportionate interests held in Rankin Associates V), 634 shares (Child's proportionate interest in Rankin Associates VI), and 62,035 shares (Serves as Trustee of CRW 2020 GST trust fbo Margo Williams).

Sentiment

Score: 6

Explanation: The document reports a routine equity award to a director, which is a positive for the director and indicates standard corporate governance practices. There are no negative or concerning elements reported.

Positives

• Director David B. Williams received an award of 948 shares of Class A Common Stock, indicating continued compensation and alignment with shareholder interests.
• The award is part of the company's Non-Employee Directors' Equity Compensation Plan, suggesting a structured approach to director remuneration.

Future Outlook

The document does not provide any forward-looking statements or guidance beyond the future transaction date of July 1, 2025, for the share award.

Industry Context

This Form 4 filing details an individual director's equity compensation, which is a standard practice across publicly traded companies to align director interests with shareholders. It does not provide broader industry trends or competitive analysis.

Comparison to Industry Standards

• This document is a standard insider transaction report (Form 4) detailing an equity award to a director. It does not contain information that allows for a comparison of company performance or results against global benchmarks or specific comparable companies/projects. The award of shares as part of a compensation plan is a common practice for non-employee directors across industries.

Corporate Governance

Related Party Transactions

• The document details numerous indirect beneficial ownerships through trusts and partnerships involving the reporting person's spouse and children. However, the reporting person explicitly disclaims beneficial ownership of these shares (Explanation 2). The equity award itself is a standard compensation mechanism.

Stakeholder Impact

• Shareholders: The award of shares to a director aligns the director's interests with shareholders, potentially fostering better long-term decision-making.

Next Steps

• The awarded shares are effective on July 1, 2025, indicating the date the transaction is formally recognized.

Key Dates

Recommendation

Keywords

Hyster-Yale, HY, SEC Form 4, Insider Transaction, Equity Award, Director Compensation, Stock Ownership, Beneficial Ownership, Class A Common Stock, Class B Common Stock, David B. Williams