Form 4: Nacco Industries Director Roger F. Rankin Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Roger F. Rankin, a director at NACCO Industries, reported the acquisition of Class A Common Stock and changes in beneficial ownership through various trusts and partnerships.
Summary
- On April 1, 2025, Roger F. Rankin, a director of NACCO Industries, reported changes in his beneficial ownership of the company's Class A Common Stock.
- Rankin acquired 868 shares of Class A Common Stock as 'Required Shares' under the company's Non-Employee Directors' Equity Compensation Plan.
- The report details Rankin's direct and indirect ownership through various trusts, associations, and spousal holdings.
- Rankin disclaims beneficial ownership of shares held by trusts for the benefit of his spouse, children, and grandchildren, as well as shares held by Rankin Associates I, II, and IV, L.P.
- The filing also includes a Power of Attorney, effective February 11, 2020, authorizing John D. Neumann, Matthew J. Dilluvio, Kimberly J. Pustulka, Andrew C. Thomas, and Eric Orsic to execute Section 16 filings on Rankin's behalf.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing, so the sentiment is neither positive nor negative.
Positives
- The acquisition of shares under the equity compensation plan aligns the director's interests with those of the shareholders.
Industry Context
This filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their stock ownership and transactions.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies and their insiders, ensuring compliance with SEC regulations.
- The reporting of beneficial ownership through trusts and partnerships is common among high-net-worth individuals and corporate executives.
Stakeholder Impact
- The filing provides transparency to shareholders regarding the stock ownership of a company director.
Key Dates
| Date | Description |
|---|---|
| February 11, 2020 | Date of Power of Attorney |
| April 1, 2025 | Date of transaction (acquisition of Class A Common Stock) |
| April 2, 2025 | Date of signature on the Form 4 filing |
Keywords
beneficial ownership, Form 4, NACCO Industries, Roger F. Rankin, Class A Common Stock, director, Section 16, equity compensation, trusts, partnerships
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