Form 4: NACCO Director Rankin Acquires Class A Shares via Plan

Alfred M. Rankin, a Director and Chairman of NACCO Industries, Inc., reported the acquisition of 1,052 shares of Class A Common Stock as part of the company's equity compensation plan under a Rule 10b5-1 arrangement.

Summary

• Alfred M. Rankin, a Director, 10% Owner, Officer (Chairman), and Group Member of NACCO Industries, Inc. [NC], reported changes in beneficial ownership.
• On January 2, 2026, 1,052 shares of Class A Common Stock were acquired by the Reporting Person. This transaction was made pursuant to a contract, instruction, or written plan for the purchase or sale of equity securities of the issuer, intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).
• These shares were awarded as "Required Shares" under the company's Non-Employee Directors' Equity Compensation Plan.
• Following this transaction, the Reporting Person indirectly beneficially owns a total of 216,005 Class A Common Stock shares through AMR Main Trust, 14,160 through AMR IRA, 1,975 through AMR RMI (Delaware), 2,044 through AMR Associates NC, L.P., 10,110 through BTR Class A Trust, and 34,936 through VGR Trust.
• The filing also details indirect beneficial ownership of derivative securities (Class B Common Stock convertible to Class A Common Stock) totaling 25 shares through AMR RAIV GP, 9,431 shares through By Trust/Daughter 2, 9,431 shares through By Trust/Daughter 1, and 201,928 shares through AMR Associates NC, L.P.

Sentiment

Score: 6

Explanation: Slightly positive due to a director and chairman acquiring shares, indicating confidence, although it's an award rather than an open market purchase, and made under a pre-arranged 10b5-1 plan.

Positives

• A director and chairman acquired 1,052 shares of Class A Common Stock, which can signal confidence in the company's future.
• The acquisition was part of an equity compensation plan, aligning management's interests with shareholders.
• The transaction was made pursuant to a Rule 10b5-1 plan, indicating a pre-arranged, scheduled acquisition, which can reduce concerns about opportunistic insider trading.

Future Outlook

NA

Industry Context

NA

Related Party Transactions

• Indirect beneficial ownership of Class A Common Stock and derivative securities is held through various trusts and limited partnerships, including AMR Main Trust (for Alfred M. Rankin, Jr.), AMR IRA (for the Reporting Person), AMR RMI (Delaware) (involving Rankin Management, Inc.), AMR Associates NC, L.P., BTR Class A Trust, VGR Trust (for Victoire G. Rankin), BTR 2012 GST for Clara Williams, and BTR 2012 GST Trust for Helen R. Butler. These entities represent dealings with related parties.

Stakeholder Impact

• Shareholders: The acquisition of shares by a director and chairman may be viewed positively, aligning management interests with shareholder value.

Key Dates

Keywords

NACCO Industries, NC, Form 4, Insider Trading, Beneficial Ownership, Class A Common Stock, Equity Compensation, Director Stock Acquisition, Alfred M. Rankin, Rule 10b5-1