Form 4: NACCO Industries Inc. Insider Filing Reveals Share Ownership Details
Insider Filing
A recent SEC filing details the shareholdings of Matthew M. Rankin, a member of a group holding more than 10% of NACCO Industries Inc.'s equity.
Summary
- Matthew M. Rankin, a member of a group holding more than 10% of NACCO Industries Inc.'s equity, has filed a Form 4 detailing his share ownership.
- The filing indicates that Rankin directly owns 421 shares of Class A Common Stock.
- He also has indirect ownership through various trusts and his spouse, including 32,866 shares held by a trust, 722 shares held by his spouse, 2,058 shares held by RAII/Spouse, 645 shares held by Trust/Child1, 4,384 shares held by Trust/RAII/Child1, 500 shares held by a trust with PNC Bank, 7,637 shares held by RAII, 563 shares held by Trust/Child2, and 4,236 shares held by Trust/RAII/Child2.
- Rankin disclaims beneficial ownership of shares held by other signatories to a Stockholders' Agreement and shares held through trusts for his children.
- The filing also notes that Rankin's spouse has proportionate limited partnership interests in shares held by Rankin Associates II, L.P.
Sentiment
Score: 5
Explanation: The document is a routine insider filing, which is neither positive nor negative. It is a neutral disclosure of share ownership.
Industry Context
This filing is a routine disclosure of insider shareholdings, which is a common practice for publicly traded companies. It provides transparency into the ownership structure of NACCO Industries Inc.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies in the United States, ensuring transparency of insider transactions.
- The level of detail provided in this filing is consistent with SEC requirements for reporting beneficial ownership.
Stakeholder Impact
- This filing provides transparency to shareholders regarding the ownership structure of the company.
- The filing does not indicate any immediate impact on other stakeholders.
Key Dates
| Date | Description |
|---|---|
| 2024-12-06 | Date of the transaction for the reported share ownership. |
| 2024-12-10 | Date the filing was signed by Matthew J. Dilluvio, attorney-in-fact. |
Keywords
NACCO Industries Inc., Matthew M. Rankin, Form 4, Insider Filing, Share Ownership, Stockholders' Agreement, Class A Common Stock, Rankin Associates II, L.P., Beneficial Ownership
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