[Form 3] HYSTER-YALE, INC. Initial Statement of Beneficial Ownership

Rhea-AI Filing Summary

HYSTER-YALE, INC. executive Pankaj P. Shah, the VP, CIO and Digital Officer, has filed an initial ownership report showing direct holdings of 15,280 shares of Class A Common Stock. This Form 3 reflects his existing stake and does not report any new buy or sell transaction.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Shah Pankaj P.

Role VP, CIO and Digital Officer

Type	Security	Shares	Price	Value
holding	Class A Common Stock	--	--	--

Holdings After Transaction: Class A Common Stock — 15,280 shares (Direct, null)

Footnotes (1)

Key Figures

Direct Class A shares held: 15,280 shares Form type: Form 3 Transaction date reference: 2026-05-12

3 metrics

Direct Class A shares held 15,280 shares Total shares following reported holding entry

Form type Form 3 Initial statement of beneficial ownership by officer

Transaction date reference 2026-05-12 Date associated with holding entry for Class A shares

Key Terms

Class A Common Stock, direct ownership, beneficial ownership

3 terms

Class A Common Stock financial

"Reports holdings in 15,280 shares of Class A Common Stock."

Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.

direct ownership financial

"The 15,280 shares are reported as direct ownership using code "D"."

beneficial ownership regulatory

"Form 3 serves as an initial statement of beneficial ownership for insiders."

Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.

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SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0104
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

Shah Pankaj P.

(Last) (First) (Middle)

5875 LANDERBROOK DRIVE

SUITE 300

(Street)

MAYFIELD HEIGHTS OHIO 44124

(City) (State) (Zip)

UNITED STATES

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
05/12/2026

3. Issuer Name and Ticker or Trading Symbol
HYSTER-YALE, INC. [ HY ]

3a. Foreign Trading Symbol

5. If Amendment, Date of Original Filed (Month/Day/Year)

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	VP, CIO and Digital Officer

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Class A Common Stock	15,280	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

	/s/ Suzanne S. Taylor, attorney-in-fact	05/21/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 3: SEC 1473 (03-26)