Form 4: Nacco Industries Director Matthew Rankin Reports Changes in Beneficial Ownership
SEC Form 4
Matthew Rankin, a director at NACCO Industries, filed a Form 4 detailing changes in his beneficial ownership of Class A Common Stock.
Summary
- On October 1, 2024, Matthew Rankin, a director at NACCO Industries, reported changes in his beneficial ownership of the company's Class A Common Stock.
- The filing indicates acquisitions and disposals of shares, with some shares held directly and others indirectly through spouses, trusts, and limited partnerships.
- Rankin disclaims beneficial ownership of shares held by his spouse, other signatories to a Stockholders' Agreement, and trusts for his minor children.
- He acquired 974 shares of Class A Common Stock as 'Required Shares' under the company's Non-Employee Directors' Equity Compensation Plan.
- The total number of shares beneficially owned following the reported transactions includes direct and indirect holdings.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, so the sentiment is neutral.
Positives
- Rankin acquired 974 shares of Class A Common Stock, indicating continued investment in the company.
Industry Context
Form 4 filings are standard practice and provide transparency into the trading activities of company insiders, which can be a signal to investors.
Stakeholder Impact
- The filing provides transparency to shareholders regarding insider transactions.
Key Dates
| Date | Description |
|---|---|
| March 15, 1990 | Date of Stockholders' Agreement. |
| December 20, 1993 | Date of Trust Agreement for the benefit of Matthew M. Rankin. |
| May 10, 2007 | Date of Trust Agreement between Mathew M. Rankin, as Grantor, and Mathew M. Rankin and James T. Rankin, as co-trustees, for the benefit of Mary Marshall Rankin. |
| May 10, 2007 | Date of Trust Agreement between Mathew M. Rankin, as trustee, and James T. Rankin, creating a trust for the benefit of William Alexander Rankin. |
| November 10, 2015 | Date of Matthew M Rankin Tr UA. |
| January 20, 2020 | Date of Power of Attorney. |
| October 01, 2024 | Date of the earliest transaction reported in Form 4. |
| October 03, 2024 | Date of signature for the report. |
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