Form 4: NACCO Industries Director Matthew Rankin Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Matthew Rankin, a director at NACCO Industries, filed a Form 4 detailing changes in his beneficial ownership of Class A Common Stock.
Summary
- Matthew Rankin, a director at NACCO Industries, filed a Form 4 with the SEC.
- The filing reports changes in his beneficial ownership of NACCO Industries Class A Common Stock.
- The transactions include the acquisition of 868 shares of Class A Common Stock awarded as 'Required Shares' under the company's Non-Employee Directors' Equity Compensation Plan on April 1, 2025.
- Rankin also holds shares directly and indirectly through trusts, his spouse, and Rankin Associates II, L.P.
- He disclaims beneficial ownership of shares held by his spouse, other signatories to a Stockholders' Agreement, and shares held in trusts for his minor children.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, so the sentiment is neutral.
Positives
- The acquisition of shares under the Non-Employee Directors' Equity Compensation Plan demonstrates continued alignment of director interests with shareholder value.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the stock ownership of company insiders.
Stakeholder Impact
- The filing provides transparency to shareholders regarding the ownership stake of a company director.
Key Dates
| Date | Description |
|---|---|
| 1990-03-15 | Date of Stockholders' Agreement. |
| 1993-12-20 | Date of Trust Agreement for the benefit of Matthew M. Rankin. |
| 2007-05-10 | 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; Trust created by Agreement, dated May 10, 2007, between Mathew M. Rankin, as trustee, and James T. Rankin, creating a trust for the benefit of William Alexander Rankin |
| 2015-11-10 | Date of Matthew M Rankin Tr UA 11/10/2015 Matthew M Rankin First Amended Trust |
| 2020-01-20 | Date of Power of Attorney. |
| 2025-04-01 | Date of transaction: Acquisition of Class A Common Stock. |
| 2025-04-02 | Date of signature for the Form 4 filing. |
Keywords
Form 4, Beneficial Ownership, NACCO Industries, Matthew Rankin, Class A Common Stock, SEC Filing, Director, Equity Compensation Plan
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