[Form 4] HYSTER-YALE, INC. Insider Trading Activity

Rhea-AI Filing Summary

Gary Collar L, a director of HYSTER-YALE, INC. (HY), received equity awards on 10/01/2025 under the company's Non-Employee Directors' Equity Compensation Plan. The filing shows two grant entries: 963 shares issued as "Required Shares" and 648 shares issued as "Voluntary Shares," both with a $0 price, indicating they were awarded rather than purchased. After the transactions the reporting person is shown as directly owning 6,729 shares of Class A common stock. The Form 4 was signed by an attorney-in-fact on 10/02/2025.

Positive

• Equity alignment: Director increased direct ownership through awarded shares, aligning interests with shareholders.
• No cash required: Awards were issued at a $0 price, reflecting compensation rather than a market purchase.
• Clear disclosure: Transactions and post-transaction beneficial ownership are explicitly reported on Form 4.

Negative

• None.

Insights

Financial Analyst

TL;DR: Director received non-cash equity awards totaling 1,611 Class A shares, increasing direct ownership to 6,729 shares.

The Form 4 discloses standard director equity compensation rather than market purchases or option exercises. The awards were granted at $0 price and split into required and voluntary components under the Non-Employee Directors' Equity Compensation Plan. This is a routine disclosure that increases the director's direct stake but does not involve cash outlay or derivative transactions.

Corporate Governance Expert

TL;DR: Routine director equity awards reported; typical for non-employee director compensation and governance alignment.

The filing identifies the awards as "Required Shares" and "Voluntary Shares," consistent with plans that allow directors to take compensation in company stock. The signature by an attorney-in-fact is properly documented. There are no derivative holdings reported and ownership is listed as direct, which simplifies disclosure of voting and control rights.

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^*

Gary Collar L

(Last) (First) (Middle)

5875 LANDERBROOK DR

SUITE 300

(Street)

CLEVELAND 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	6,081	D
Class A Common Stock	10/01/2025		A(2)		648	A	$0	6,729	D

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

	/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).
** 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.

FAQ

What did HYSTER-YALE director Gary Collar L report on Form 4 (HY)?

He reported receipt of 963 Required Shares and 648 Voluntary Shares of Class A common stock on 10/01/2025, awarded under the Non-Employee Directors' Equity Compensation Plan.

How many Class A shares does Gary Collar L own after the reported transactions?

The filing shows 6,729 shares of Class A common stock beneficially owned directly following the transactions.

Were the reported shares purchased or awarded for cash?

Both entries list a price of $0, indicating the shares were awarded as compensation rather than purchased.

Does the Form 4 report any derivative securities or option exercises for Gary Collar L?

No. Table II for derivative securities contains no reported transactions; only non-derivative Class A common stock awards are disclosed.

When was the Form 4 signed and filed?

The signature block shows the form was signed by an attorney-in-fact on 10/02/2025.