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 July 1, 2024, Matthew Rankin, a director at NACCO Industries, reported changes in his beneficial ownership of the company's Class A Common Stock.
- The report indicates the acquisition of 902 shares of Class A Common Stock.
- Rankin also holds shares indirectly through trusts, his spouse, and as a member of a group under a Stockholders' Agreement.
- He disclaims beneficial ownership of shares held by his spouse and other signatories to the Stockholders' Agreement.
- The filing includes a power of attorney, granting authority to several individuals to execute Section 16 filings on Rankin's behalf.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing, so the sentiment is neutral.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders.
Stakeholder Impact
- The filing provides shareholders with information about insider transactions, contributing to market transparency.
Key Dates
| Date | Description |
|---|---|
| March 15, 1990 | Date of Stockholders' Agreement |
| December 20, 1993 | Date of Trust Agreement for Matthew M. Rankin |
| May 10, 2007 | Date of Trust Agreement between Mathew M. Rankin and James T. Rankin for the benefit of Mary Marshall Rankin |
| May 10, 2007 | Date of Trust Agreement between Mathew M. Rankin and James T. Rankin creating a trust for the benefit of William Alexander Rankin |
| November 10, 2015 | Date of Matthew M Rankin Tr UA |
| 1/20/20 | Date of Power of Attorney |
| 07/01/2024 | Date of transaction: Acquisition of Class A Common Stock |
| 07/02/2024 | Date of signature on the Form 4 filing |
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