Form 4: Hyster-Yale Insider Update: Williams Trust Reports Ownership Changes Due to Partnership Restructuring
SEC Form 4 Filing
David B.H. Williams, as trustee, reports adjustments to beneficial ownership of Hyster-Yale Class A and Class B Common Stock due to a partnership agreement amendment.
Summary
- On June 13, 2024, David B.H. Williams, Trustee of The Helen Charles Williams 2004 Trust, filed a Form 4 with the SEC.
- The filing reports changes in beneficial ownership of Hyster-Yale, Inc. (HY) Class A and Class B Common Stock.
- These changes are due to an amendment to the partnership agreement, which restructured partnership share classes.
- This restructuring caused adjustments in the number of shares allocated to the partners.
- The reporting person has indirect ownership through proportionate partnership interests and trusts.
- Following the reported transactions, the reporting person beneficially owns 2,085 shares of Class A Common Stock through AMR Associates LP, 7,211 shares of Class A Common Stock through a trust where the father is the trustee, 1,692 shares of Class A Common Stock through AMR Associates LP, 22,654 shares of Class A Common Stock through Rankin Associates II, 461 shares of Class A Common Stock through Rankin Associates V, and 634 shares of Class A Common Stock through Rankin Associates VI.
- The filing also indicates ownership of Class B Common Stock, with corresponding Class A Common Stock amounts underlying the derivative securities.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing changes in beneficial ownership due to a partnership restructuring. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of the US market and provide transparency into the transactions of company insiders. This filing indicates changes in ownership structure due to internal restructuring rather than open market transactions.
Stakeholder Impact
- The changes in beneficial ownership may be of interest to shareholders, but the impact is likely minimal as it is due to internal restructuring.
Key Dates
| Date | Description |
|---|---|
| 06/13/2024 | Date of the transaction and earliest transaction reported. |
| 06/17/2024 | Date of signature by attorney-in-fact. |
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