Clara Rankin Butler 2002 Trust (HY) reports bona fide gifts of Hyster-Yale shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Clara Rankin Butler 2002 Trust DTD 11/5/2002, a reporting person for Hyster-Yale, Inc., reported non-market activity consisting of bona fide gifts of Class B Common Stock. The trust disclosed two indirect gift transfers totaling 253 shares of Class B stock linked to underlying Class A shares.
One gift covered 159 shares of Class B Common Stock, leaving 793 shares held indirectly through Rankin Associates VI, and another covered 94 shares, leaving 555 shares held indirectly through Rankin Associates V. In addition, the trust reported 12,700 Class A shares held directly, 1,967 Class A shares held indirectly through AMR Associates LP, and indirect Class B positions corresponding to 18,104 and 1,892 underlying Class A shares through Rankin Associates II and AMR Associates LP.
Positive
- None.
Negative
- None.
Insider Trade Summary
253 shares gifted
Mixed
6 txns
Insider
Clara Rankin Butler 2002 Trust DTD 11/5/2002
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Class B Common Stock | 94 | $0.00 | -- |
| Gift | Class B Common Stock | 159 | $0.00 | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class B Common Stock — 555 shares (Indirect, Proportionate interests held in shares in Rankin Associates V);
Class A Common Stock — 1,967 shares (Indirect, proportionate partnership interest shares held by AMR Associates LP);
Class A Common Stock — 12,700 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Total gifted shares: 253 shares
First gift: 159 shares
Second gift: 94 shares
+5 more
8 metrics
Total gifted shares
253 shares
Bona fide gifts of Class B Common Stock
First gift
159 shares
Class B Common Stock, underlying 159 Class A shares
Second gift
94 shares
Class B Common Stock, underlying 94 Class A shares
Direct Class A holding
12,700 shares
Class A Common Stock held directly after transactions
Indirect Class A via AMR Associates LP
1,967 shares
Proportionate partnership interest in Class A Common Stock
Indirect Class B via Rankin Associates II
18,104 underlying shares
Class B linked to underlying Class A Common Stock
Indirect Class B via AMR Associates LP
1,892 underlying shares
Class B linked to underlying Class A Common Stock
Class B remaining in Rankin Associates VI
793 shares
Total shares following 159-share gift
Key Terms
bona fide gift, Class B Common Stock, indirect, limited partnership interests, +1 more
5 terms
bona fide gift financial
"transaction_code_description": "Bona fide gift""
A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.
Class B Common Stock financial
""security_title": "Class B Common Stock""
A class B common stock is one of multiple types of a company’s ordinary shares that carries specific rights—often different voting power or dividend priority—compared with other classes. For investors it matters because those differences affect how much influence you have over company decisions, the income you might receive, and how freely the shares trade; think of it like owning a car with different keys: some keys let you start the engine and open the trunk, others only unlock the door.
indirect financial
""ownership_type": "indirect""
limited partnership interests financial
"Proportionate limited partnership interests in shares held by Rankin Associates II"
An ownership stake in a limited partnership gives an investor the role of a limited partner who provides capital but does not run day-to-day operations; a separate general partner manages the business. It matters because limited partners share profits, losses, and tax benefits but generally cannot lose more than they invested and have little control or liquidity—think of it like quietly funding a small business while someone else manages it, with potential return and risk tied to the venture’s performance.
underlying Class A Common Stock financial
""underlying_security_title": "Class A Common Stock""
FAQ
What insider activity did the Clara Rankin Butler 2002 Trust report for HYSTER-YALE (HY)?
The trust reported bona fide gifts of Class B Common Stock, not market trades. Two indirect gift transfers totaled 253 Class B shares, linked to equivalent underlying Class A shares, and were made through interests in Rankin Associates V and VI partnerships.
What HYSTER-YALE (HY) holdings does the Clara Rankin Butler 2002 Trust report after these gifts?
After the gifts, the trust reports 12,700 Class A shares held directly and 1,967 Class A shares held indirectly via AMR Associates LP. It also reports indirect Class B positions tied to 18,104 and 1,892 underlying Class A shares through limited partnerships.
Are the reported HYSTER-YALE (HY) transactions open-market buys or sells?
No, the reported transactions are not open-market buys or sells. They are coded as bona fide gifts (transaction code G), representing transfers of 253 Class B shares, and therefore do not reflect market trading decisions by the reporting trust.
What does the indirect ownership in Rankin Associates entities mean for HYSTER-YALE (HY) holdings?
Indirect ownership indicates the trust’s HYSTER-YALE exposure comes via partnership interests. For example, it holds proportionate limited partnership interests in Rankin Associates II, V, and VI, which in turn hold Class B shares tied to specified underlying Class A Common Stock amounts.