Hyster-Yale (NYSE: HY) GC awarded stock; shares withheld for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Hyster-Yale, Inc. insider activity shows indirect equity compensation and related tax withholding for Senior VP, General Counsel and Secretary Suzanne Schulze Taylor. A trust for her benefit received 3,818 shares of Class A Common Stock at no cost under the company’s Long-Term Incentive Compensation Plan, while 257 shares were surrendered back to the company at $36.66 per share to cover tax obligations on this award.
All reported holdings are indirect, including shares in a trust where she is trustee and IRA accounts for her and her spouse, and she disclaims beneficial ownership of these shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
Taylor Suzanne Schulze
Role
Senior VP, GC and Secretary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 3,818 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 257 | $36.66 | $9K |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 43,901 shares (Indirect, Shares held in trust for benefit of Reporting Person for which Reporting Person is Trustee)
Footnotes (1)
- LTIP Award-Shares of Class A Common Stock awarded to the Reporting Person under the company's Long-Term Incentive Compensation Plan Mandatory Cashless-Exercise-Award shares that Reporting Person surrendered to Company in order to satisfy his/her tax withholding obligations with respect to his/her LTIP Stock Award Reporting Person disclaims beneficial ownership of all such shares.
FAQ
What insider transactions did Hyster-Yale (HY) report for Suzanne Schulze Taylor?
The filing reports an indirect stock award and a related tax-withholding share surrender. A trust for her benefit received 3,818 Class A shares, and 257 shares were surrendered back to Hyster-Yale to satisfy tax obligations tied to this award.
How is Suzanne Schulze Taylor’s Hyster-Yale (HY) ownership held according to the Form 4?
All reported interests are indirect. Shares are held in a trust for her benefit, in an IRA for her spouse, and in her own IRA. The filing notes she disclaims beneficial ownership of these shares despite being trustee for the trust account.
What does the tax-withholding transaction in Hyster-Yale’s (HY) Form 4 represent?
The tax-withholding transaction reflects 257 shares surrendered to Hyster-Yale to cover tax liabilities from the 3,818-share long-term incentive award. This reduces the net shares remaining from the grant but avoids a separate cash tax payment by the insider.
What role does Suzanne Schulze Taylor hold at Hyster-Yale (HY)?
She serves as Senior Vice President, General Counsel and Secretary at Hyster-Yale. The reported equity award and related tax withholding are part of her compensation structure, delivered through the company’s Long-Term Incentive Compensation Plan in Class A Common Stock.