Form 4: HY Director Britton Taplin Receives 963 Shares; Large Indirect Holdings Disclosed

Rhea-AI Filing Summary

Britton T. Taplin, a director of Hyster-Yale, Inc. (HY), reported on this Form 4 that on 10/01/2025 he was awarded 963 shares of Class A Common Stock as "Required Shares" under the companys Non-Employee Directors' Equity Compensation Plan. The filing lists the total Class A shares beneficially owned after the reported transactions across several indirect holdings: 387,117 shares held in trust for the reporting person, 108,844 shares reflecting a proportionate interest in Abigail LLC, 61,138 shares from Corky LLC, 11,510 shares held by spouse, and 11,143 held in a trust for the reporting person's children. The reporting person disclaims beneficial ownership of certain shares as noted in the form. The filing was signed by an attorney-in-fact on 10/02/2025.

Insights

Corporate Governance Expert

TL;DR: Routine director equity award disclosed; shows significant indirect holdings and standard filing behavior.

The Form 4 documents a standard non-employee director compensation event: 963 Class A shares awarded as "Required Shares" under the Non-Employee Directors' Equity Compensation Plan. The filing also details substantial indirect holdings totaling hundreds of thousands of Class A shares across trusts and LLC interests, which is relevant to control and alignment considerations. The reporting person explicitly disclaims beneficial ownership for certain shares, and the signature was executed by an attorney-in-fact on 10/02/2025. This disclosure is procedural and consistent with director equity compensation practices.

Securities Analyst

TL;DR: Small equity award to a director with large indirect holdings; unlikely to meaningfully change public float or control.

The transaction recorded is the acquisition of 963 Class A shares by a director under a compensation plan, which is modest in size relative to the reported aggregate indirect holdings (e.g., 387,117 shares held in trust). The filing lists multiple indirect ownership vehicles (trusts, Abigail LLC, Corky LLC, spouse holdings) and includes disclaimers of beneficial ownership where applicable. No derivative transactions or dispositions with material market impact are reported.

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).

1. Name and Address of Reporting Person^*

TAPLIN BRITTON T

(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
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
10/01/2025

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	10/01/2025		A(1)		963	A	$0	387,117	I	Held in Trust fbo Reporting Person
Class A Common Stock								108,844	I	Proportionate interest in shares held by Abigail LLC held in trust fbo reporting person
Class A Common Stock								0	D
Class A Common Stock								61,138	I	Proportionate interest in shares held by Corky LLC
Class A Common Stock								11,510	I	Held by Spouse(2)
Class A Common Stock								0	I	Reporting Person is trustee of trust
Class A Common Stock								108,844	I	Prop interests in shares held by Abigail LLC in Ted Taplin Common Trust which Rep Person is Trustee
Class A Common Stock								11,143	I	Reporting Person is trustee of trust fbo Reporting Person children
Class A Common Stock								0	I	Reporting Person is trustee of trust.

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

Explanation of Responses:

1. Award-Shares of Class A Common Stock awarded to the Reporting Person as "Required Shares" under the company's Non-Employee Directors' Equity Compensation Plan.

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

	/s/ Suzanne S. Taylor, attorney-in-fact	10/02/2025
	** 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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