Hyster-Yale chair gets 25,516-share LTIP stock award
Hyster-Yale, Inc. reported indirect equity changes involving trusts and related entities associated with Chairman Alfred M. Rankin, Jr.
Rhea-AI Filing Summary
Hyster-Yale, Inc. reported indirect equity changes involving trusts and related entities associated with Chairman Alfred M. Rankin, Jr. A trust for his benefit received 25,516 shares of Class A Common Stock as an LTIP award under the company’s Long-Term Incentive Compensation Plan, while 1,894 Class A shares were surrendered to the company at $36.66 per share to satisfy tax-withholding obligations on that award through a mandatory cashless exercise. All reported positions are held indirectly through trusts, partnerships, retirement accounts, or similar entities, and the reporting person disclaims beneficial ownership of these shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
18 transactions reported
Mixed
18 txns
Insider
RANKIN ALFRED M ET AL
Role
Chairman
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 25,516 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Class A Common Stock | 1,894 | $36.66 | $69K |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 152,197 shares (Indirect, Reporting Person serves as Trustee of a Trust for the benefit of Alfred M. Rankin, Jr.);
Class B Common Stock — 18,390 contracts (Indirect, Represents the proportionate limited partnership interest in shares held by AMR Associates LP);
Class B Common Stock — 14,160 contracts (Indirect, Held in an Individual Retirement Account for the benefit of the Reporting Person.);
Class B Common Stock — 4,000 contracts (Indirect, proportionate interest in shares held by RA I LP);
Class B Common Stock — 50 contracts (Indirect, proportionate general partnership interest shares held by RAIV);
Class B Common Stock — 80 contracts (Indirect, Proportionate Interest in shares held by RA5 held by Rankin Management Inc.);
Class B Common Stock — 100 contracts (Indirect, Proportionate Interest in shares held by RA6 held by Rankin Management Inc.);
Class B Common Stock — 3,950 contracts (Indirect, proportionate LP interest in shares of RA II LP held by Rankin Management Inc as general partner);
Class B Common Stock — 26,244 contracts (Indirect, Reporting Person Serves as Trustee GSTs for the Benefit of Clara R. Williams);
Class B Common Stock — 26,244 contracts (Indirect, Reporting Person Serves as Trustee of GSTs for the benefit of Helen R. Butler);
Class B Common Stock — 377 contracts (Indirect, Represents percentage of ownership interest of Rankin Associates V partnership held in trust);
Class B Common Stock — 635 contracts (Indirect, Spouse's proportionate interest in shares held by RA VI);
Class A Common Stock — 19,118 shares (Indirect, Represents the proportionate limited partnership interest in shares held by AMR Associates LP);
Class A Common Stock — 14,752 shares (Indirect, Held in an Individual Retirement Account for the benefit of the Reporting Person.);
Class A Common Stock — 1,512 shares (Indirect, Reporting Person Serves as Trustee for GSTs for the Benefit of Clara R. Williams);
Class A Common Stock — 1,512 shares (Indirect, Reporting Person Serves as Trustee for GSTs for the Benefit of Helen R. Butler);
Class A Common Stock — 126,774 shares (Indirect, Reporting Person serves as Trustee of a Trust for the benefit of Victoire G. Rankin)
Footnotes (4)
- F1. LTIP Award-Shares of Class A Common Stock awarded to the Reporting Person under the company's Long-Term Incentive Compensation Plan
- F2. Mandatory Cashless-Exercise-Award shares that Reporting Person surrendered to Company in order to satisfy his/her tax withholding obligations with respect to his/her LTIP Stock Award
- F3. Reporting Person disclaims beneficial ownership of all such shares.
- F4. N/A
FAQ
What insider equity award was reported for HYSTER-YALE (HY)?
Hyster-Yale reported an LTIP equity award of 25,516 Class A shares to a trust for the benefit of Alfred M. Rankin, Jr. The award was granted under the company’s Long-Term Incentive Compensation Plan and is held indirectly through a trust structure.
What is the nature of the Long-Term Incentive Plan activity for HY?
The filing reflects an LTIP stock award and related tax withholding. A trust tied to Alfred M. Rankin, Jr. received 25,516 Class A shares, and 1,894 shares were simultaneously surrendered back to the company to satisfy tax obligations on that award.
Does the HYSTER-YALE (HY) Form 4 show direct or indirect ownership?
The Form 4 reports only indirect ownership positions. Holdings are attributed to various trusts, limited partnerships, retirement accounts, and family-related entities, with the reporting person identified as trustee or interest holder rather than direct owner of the underlying shares.
Were there changes in HYSTER-YALE (HY) Class B holdings in this filing?
The filing lists multiple indirect Class B holdings with updated share balances across partnerships, trusts, and related entities. These entries are reported as holdings, not explicit buy or sell transactions, and help clarify the structure of the reporter’s indirect interests.
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