[Form 4] Hyster-Yale, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Hyster-Yale (HY) has filed a Form 4 reporting that director Britton T. Taplin acquired 948 Class A common shares on 1 July 2025. The shares were issued at $0.00 under the company’s Non-Employee Directors’ Equity Compensation Plan (transaction code “A”), indicating a routine board compensation grant rather than an open-market purchase. After the award, Taplin reports 386,154 shares held indirectly through trusts and LLCs, plus several smaller family-related positions. No shares were sold and no derivative securities were exercised or created. The filing modestly increases the director’s ownership while maintaining his long-term exposure to the company.

Positive

• Director increased share count, albeit marginally, indicating continued alignment of interests with shareholders.
• No insider sales reported, removing potential negative sentiment often associated with director disposals.

Negative

• Size of the award is immaterial relative to the director’s existing 386k-share stake, limiting its signalling value.
• Shares were issued under an automatic compensation plan, not through open-market purchase, thus providing little insight into insider conviction.

Insights

Securities Analyst

TL;DR: Routine 948-share director grant; minor ownership increase, neutral market impact.

The transaction is coded “A,” confirming it is a compensation award, not a discretionary purchase. At roughly 0.25% of Taplin’s reported 386k-share stake, the additional shares are immaterial to his economic exposure and unlikely to influence market perception materially. The absence of sales maintains a neutral-to-slightly-positive governance signal, but the size and automatic nature limit predictive value for the stock.

Portfolio Manager

TL;DR: Small, automatic equity award—no actionable trading signal for HY.

From a portfolio-level view, insiders selling or buying in open market tends to carry greater informational weight than board compensation grants. This filing shows neither selling pressure nor opportunistic buying, merely routine share issuance. Given HY’s average daily volume, 948 shares are negligible and should not affect liquidity or price. I view the disclosure as not impactful for position sizing or risk assessment.

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

OMB APPROVAL

OMB Number:			3235-0287
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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).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

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)
07/01/2025

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	07/01/2025		A(1)		948	A	$0	386,154	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								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								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

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	07/01/2025
	** 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

How many Hyster-Yale (HY) shares did Britton T. Taplin acquire?

He received 948 Class A common shares on 1 July 2025.

What transaction code was used in Britton Taplin’s Form 4?

The filing lists transaction code "A", denoting an equity award or grant.

What is Taplin’s total beneficial ownership after the transaction?

The Form 4 reports 386,154 shares held indirectly, plus smaller family-related interests.

Was the acquisition an open-market purchase?

No. The shares were granted at $0 under the Non-Employee Directors’ Equity Compensation Plan.

Did Taplin sell any Hyster-Yale shares in this filing?

No sales were reported; the filing only details an equity award.