Form 4: Elisabeth M. Rankin Reports Acquisition of Nacco Industries Shares Through Trust
SEC Form 4 Filing
Elisabeth M. Rankin, a member of a group related to Nacco Industries, reported the acquisition of 420 Class A Common Stock shares through a trust, along with indirect holdings through various trusts and partnerships.
Summary
- Elisabeth M. Rankin, identified as a member of a group related to Nacco Industries, filed a Form 4 detailing changes in her beneficial ownership of the company's Class A Common Stock.
- The report indicates that 420 shares were acquired directly through a trust.
- Additionally, the report details indirect ownership of 2,046 shares through a trust dated December 18, 1997, 16,738 shares through Rankin Associates II, L.P. held in a trust dated December 18, 1997, 4,944 shares through Rankin Associates II, L.P. held in a trust dated September 11, 2000, and 745 shares through Rankin Associates II, L.P. held in a trust dated December 30, 2015.
- The transactions occurred on December 6, 2024.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing and does not contain any information that would indicate a positive or negative sentiment.
Industry Context
This filing is a routine disclosure of changes in beneficial ownership by an individual related to the company, which is a common practice in publicly traded companies.
Comparison to Industry Standards
- Form 4 filings are standard practice for reporting changes in beneficial ownership by insiders in publicly traded companies.
- The reporting of indirect ownership through trusts and partnerships is also a common occurrence.
- The level of detail provided in the filing is consistent with SEC requirements.
Stakeholder Impact
- This filing provides transparency to shareholders regarding the ownership structure of the company.
- The changes in ownership are not expected to have a significant impact on other stakeholders.
Key Dates
| Date | Description |
|---|---|
| 1997-12-18 | Date of trust holding 2,046 shares and Rankin Associates II, L.P. holding 16,738 shares. |
| 2000-09-11 | Date of Posterity Trust holding 4,944 shares through Rankin Associates II, L.P. |
| 2015-12-30 | Date of trust holding 420 shares and Rankin Associates II, L.P. holding 745 shares. |
| 2024-12-06 | Date of the reported transaction. |
| 2024-12-10 | Date the form was signed by attorney-in-fact. |
Keywords
Nacco Industries, Form 4, Beneficial Ownership, Class A Common Stock, Elisabeth M. Rankin, Trust, Rankin Associates II, L.P.
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