Hyster-Yale (NYSE: HY) chair awarded 25,516 shares; 1,894 surrendered for taxes

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.

SEC Form 4

FORM 4

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

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

RANKIN ALFRED M ET AL

(Last) (First) (Middle)

5875 LANDERBROOK DRIVE

(Street)

MAYFIELD HEIGHTS OH 44124

(City) (State) (Zip)

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

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

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chairman

3. Date of Earliest Transaction (Month/Day/Year)
02/27/2026

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

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 Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	02/27/2026		A(1)		25,516	A	$0	154,091	I	Reporting Person serves as Trustee of a Trust for the benefit of Alfred M. Rankin, Jr.
Class A Common Stock	02/27/2026		F(2)		1,894	D	$36.66	152,197	I	Reporting Person serves as Trustee of a Trust for the benefit of Alfred M. Rankin, Jr.
Class A Common Stock								19,118	I	Represents the proportionate limited partnership interest in shares held by AMR Associates LP
Class A Common Stock								14,752	I	Held in an Individual Retirement Account for the benefit of the Reporting Person.
Class A Common Stock								1,512	I	Reporting Person Serves as Trustee for GSTs for the Benefit of Clara R. Williams(3)
Class A Common Stock								1,512	I	Reporting Person Serves as Trustee for GSTs for the Benefit of Helen R. Butler(3)
Class A Common Stock								126,774	I	Reporting Person serves as Trustee of a Trust for the benefit of Victoire G. Rankin(3)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Class B Common Stock	(4)							(4)	(4)	Class A Common Stock	18,390		18,390	I	Represents the proportionate limited partnership interest in shares held by AMR Associates LP
Class B Common Stock	(4)							(4)	(4)	Class A Common Stock	14,160		14,160	I	Held in an Individual Retirement Account for the benefit of the Reporting Person.
Class B Common Stock	(4)							(4)	(4)	Class A Common Stock	4,000		4,000	I	proportionate interest in shares held by RA I LP
Class B Common Stock	(4)							(4)	(4)	Class A Common Stock	50		50	I	proportionate general partnership interest shares held by RAIV
Class B Common Stock	(4)							(4)	(4)	Class A Common Stock	80		80	I	Proportionate Interest in shares held by RA5 held by Rankin Management Inc.
Class B Common Stock	(4)							(4)	(4)	Class A Common Stock	100		100	I	Proportionate Interest in shares held by RA6 held by Rankin Management Inc.
Class B Common Stock	(4)							(4)	(4)	Class A Common Stock	3,950		3,950	I	proportionate LP interest in shares of RA II LP held by Rankin Management Inc as general partner
Class B Common Stock	(4)							(4)	(4)	Class A Common Stock	26,244		26,244	I	Reporting Person Serves as Trustee GSTs for the Benefit of Clara R. Williams(3)
Class B Common Stock	(4)							(4)	(4)	Class A Common Stock	26,244		26,244	I	Reporting Person Serves as Trustee of GSTs for the benefit of Helen R. Butler(3)
Class B Common Stock	(4)							(4)	(4)	Class A Common Stock	377		377	I	Represents percentage of ownership interest of Rankin Associates V partnership held in trust(3)
Class B Common Stock	(4)							(4)	(4)	Class A Common Stock	635		635	I	Spouse's proportionate interest in shares held by RA VI(3)

Explanation of Responses:

1. LTIP Award-Shares of Class A Common Stock awarded to the Reporting Person under the company's Long-Term Incentive Compensation Plan

2. 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

3. Reporting Person disclaims beneficial ownership of all such shares.

4. N/A

	/s/ Suzanne S. Taylor, attorney-in-fact	03/03/2026
	** 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 4 (b)(v).
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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.

Were any HYSTER-YALE (HY) shares disposed of in this Form 4?

Yes. 1,894 Class A shares were surrendered to the company at $36.66 per share. This was a mandatory cashless transaction to cover tax-withholding obligations related to the LTIP stock award, not an open-market sale.

How are the HYSTER-YALE (HY) shares held by Alfred M. Rankin, Jr. reported?

All reported Hyster-Yale shares are held indirectly through trusts, partnerships, retirement accounts, and similar entities. The filing notes that the reporting person serves as trustee or has proportionate interests in these vehicles and disclaims beneficial ownership of all such shares.

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.