Indirect Hyster-Yale (HY) holder discloses 1,349-share Class B stock gifts
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
HYSTER-YALE, INC. insider Corbin Rankin reported indirect gifts of Class B shares while updating his overall holdings. On May 29, 2026, entities tied to his spouse made two bona fide gifts totaling 1,349 shares of Class B Common Stock, with no cash consideration.
The Form 4 also restates a complex mix of direct and indirect positions in Class A and Class B shares through trusts and partnerships. These include 14,333 Class A shares held directly and 299,948 Class A shares held indirectly in a trust for the benefit of Thomas T. Rankin, plus numerous indirect Class B interests that are convertible into Class A stock.
Footnotes state that Rankin disclaims beneficial ownership of the related-party holdings, highlighting that most interests are attributed to spouse‑managed trusts and partnerships rather than personal trading activity.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,349 shares gifted
Mixed
22 txns
Insider
RANKIN CORBIN
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Class B Common Stock | 1,057 | $0.00 | -- |
| Gift | Class B Common Stock | 292 | $0.00 | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class B Common Stock — 0 shares (Indirect, Spouse's proportionate interest in shares held by RA5);
Class A Common Stock — 5,322 shares (Indirect, Spouse serves as Trustee of Trust for the benefit of the Estate of Alfred M. Rankin Sr.);
Class A Common Stock — 14,333 shares (Direct, null)
Footnotes (1)
- Reporting Person disclaims beneficial ownership of all such shares. N/A N/A N/A N/A Reporting Person disclaims beneficial ownership of all such shares. N/A N/A N/A N/A N/A N/A N/A N/A N/A
Key Figures
Total Class B shares gifted: 1,349 shares
Gift 1 from Rankin Associates VI interest: 292 shares
Gift 2 from RA5 interest: 1,057 shares
+5 more
8 metrics
Total Class B shares gifted
1,349 shares
Bona fide gifts on May 29, 2026
Gift 1 from Rankin Associates VI interest
292 shares
Indirect Class B gift, underlying 292 Class A shares
Gift 2 from RA5 interest
1,057 shares
Indirect Class B gift, underlying 1,057 Class A shares
Direct Class A holdings
14,333 shares
Total shares following transaction, direct ownership
Indirect Class A trust holdings
299,948 shares
Trust for benefit of Thomas T. Rankin
Indirect Class B LP interest RA IV
170,110 shares
Proportionate limited partnership interest
Indirect Class B Rankin Associates I interest
70,624 shares
Spouse’s partnership interest
Indirect Class B trust GST for Thomas Parker Rankin
54,029 shares
Spouse as trustee of GST trust
Key Terms
bona fide gift, Class B Common Stock, indirect ownership, GST trust, +2 more
6 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 ownership financial
"ownership_type": "indirect""
GST trust financial
"Spouse is Trustee of BTR 2020 GST trust fbo"
limited partnership interest financial
"spouse's proportionate limited partnership interest in shares held by Rankin Associates II, L.P"
disclaims beneficial ownership financial
"Reporting Person disclaims beneficial ownership of all such shares."
FAQ
What insider activity did Corbin Rankin report for HYSTER-YALE (HY)?
Corbin Rankin reported indirect gifts of Class B Common Stock held through spouse-related entities. On May 29, 2026, these entities made bona fide gifts totaling 1,349 Class B shares, while the filing also updated his complex direct and indirect ownership structure.
What direct Hyster-Yale Class A holdings does Corbin Rankin report?
Corbin Rankin reports direct ownership of 14,333 shares of Hyster-Yale Class A Common Stock following the reported date. This position is separate from larger indirect holdings that are held through trusts and partnerships and disclosed with detailed ownership descriptions.
What indirect Hyster-Yale Class A holdings are disclosed for Corbin Rankin?
An indirect position of 299,948 Hyster-Yale Class A shares is reported in a trust for the benefit of Thomas T. Rankin. Additional indirect economic interests in Class B shares, convertible into Class A stock, are held through several Rankin family partnerships and trusts.