Hyster-Yale Director Receives 963 Class A Shares, Holdings 18,683 (Form 4)

Rhea-AI Filing Summary

James Bemowski, a director of HYSTER-YALE, INC. (HY), was awarded 963 shares of Class A Common Stock on 10/01/2025 as required equity compensation for non-employee directors. Following this award, Bemowski beneficially owns 18,683 shares of Class A Common Stock. The transaction is reported as an acquisition at a $0 price because these were award shares issued under the company Non-Employee Directors' Equity Compensation Plan.

The Form 4 filing was executed on 10/02/2025 by Suzanne S. Taylor as attorney-in-fact. The report is a single-person filing and identifies Bemowski as a director. No derivative transactions, cash payments, or changes to previously reported holdings are disclosed in this form.

Positive

• Director alignment via issuance of 963 "Required Shares" supports alignment of the director's interests with shareholders
• Clear disclosure of acquisition date (10/01/2025), share count (963), and post-transaction beneficial ownership (18,683)

Negative

• None.

Insights

Corporate Governance Expert

TL;DR: Director received required equity award of 963 shares, increasing his holdings to 18,683 shares; routine governance disclosure.

The transaction is a standard grant of "Required Shares" under the non-employee director equity plan, reported as an acquisition with no cash consideration. Such awards are common to align director interests with shareholders and are typically non-material individually unless the director already holds a substantial stake. The filing shows no sales, option exercises, or other compensatory changes beyond the share award, and it was timely executed by an attorney-in-fact.

Securities Compliance Analyst

TL;DR: Form 4 accurately reports a routine director equity award; disclosure appears complete for the described transaction.

The form documents the acquisition date (10/01/2025), the award quantity (963 Class A shares), and post-transaction beneficial ownership (18,683 shares). The use of transaction code A(1) and a $0 price is consistent with shares issued as compensation. No derivative positions or additional relationships are indicated beyond director status. Signature by attorney-in-fact on 10/02/2025 satisfies the reporting signature requirement noted on the form.

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^*

Bemowski James

(Last) (First) (Middle)

5875 LANDERBROOK DRIVE

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	18,683	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.

	/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.
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FAQ

What did HYSTER-YALE (HY) director James Bemowski receive on 10/01/2025?

He was awarded 963 shares of Class A Common Stock as "Required Shares" under the Non-Employee Directors' Equity Compensation Plan.

How many HY shares does James Bemowski beneficially own after the transaction?

Following the award he beneficially owns 18,683 shares of Class A Common Stock.

Was there a cash payment for the shares reported on the Form 4?

No; the transaction is reported with a $0 price, indicating the shares were issued as compensation.

Who signed the Form 4 and when was it signed?

The Form 4 was signed by Suzanne S. Taylor, attorney-in-fact on 10/02/2025.

Does the filing report any derivative transactions or dispositions?

No; the Form 4 lists only a non-derivative acquisition of Class A Common Stock and reports no dispositions or derivative securities.