Hyster-Yale (HY) insider discloses Class A stock awards and holdings

Rhea-AI Filing Summary

Hyster-Yale, Inc. insider reports new Class A share awards and indirect holdings

An insider of Hyster-Yale, Inc. (HY) filed a Form 4 covering Class A Common Stock held mainly through trusts and partnerships. On 10/01/2025, 963 Class A shares were acquired at $0, and on 01/02/2026, a further 1,136 Class A shares were acquired at $0. After these transactions, 56,985 and then 58,121 Class A shares were indirectly owned where the insider’s spouse serves as trustee of the J.C. Butler, Jr. Revocable Trust.

Large additional indirect Class A holdings are reported through various trusts, partnerships, and an individual retirement account related to the insider and family members. The filing notes that these “Spouse’s Award-Shares” were granted as “Required Shares” under the company’s Non-Employee Directors’ Equity Compensation Plan and that the reporting person disclaims beneficial ownership of all such shares.

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^*

BUTLER HELEN RANKIN

(Last) (First) (Middle)

5875 LANDERBROOK DRIVE, SUITE 300

(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)

	Director		10% Owner
	Officer (give title below)	X	Other (specify below)
			Member of a Group

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	56,985	I	spouse serves as Trustee of the J.C. Butler, Jr. Revocable Trust.(2)
Class A Common Stock	01/02/2026		A(3)		1,136	A	$0	58,121	I	spouse serves as Trustee of the J.C. Butler, Jr. Revocable Trust.(2)
Class A Common Stock								1,967	I	Child's proportionate partnership interest shares held by AMR Associates LP(2)
Class A Common Stock								12,700	I	held in Trust for the benefit of Reporting Person's child(2)
Class A Common Stock								1,967	I	Child's proportionate partnership interest shares held by AMR Associates LP(2)
Class A Common Stock								12,388	I	held in trust for the benefit of Reporting Person's child(2)
Class A Common Stock								153,313	I	proportionate partnership interest shares held by AMR Associates LP
Class A Common Stock								2,647	I	Reporting Person serves as Trustee of GSTs for the benefit of Helen R. Butler
Class A Common Stock								183,605	I	held by Trust for the benefit of Reporting Person
Class A Common Stock								2,800	I	Individual Retirement Account for the benefit of the Reporting Person's spouse(2)

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
Class B Common Stock	(4)							(4)	(4)	Class A Common Stock	1,892		1,892	I	Child's proportionate partnership interest shares held by AMR Associates LP(2)
Class B Common Stock	(4)							(4)	(4)	Class A Common Stock	8,879		8,879	I	Trustee of JCB 2020 GST trust fbo daughter. Reflects proportionate interest held in shares in RAII(2)
Class B Common Stock	(4)							(4)	(4)	Class A Common Stock	18,104		18,104	I	child's proportionate limited partnership interests in shares held by Rankin Associates II, L.P(2)
Class B Common Stock	(4)							(4)	(4)	Class A Common Stock	461		461	I	child's proportionate interests held in shares in Rankin Associates V(2)
Class B Common Stock	(4)							(4)	(4)	Class A Common Stock	634		634	I	Child's proportionate interest in shares held by Rankin Associates VI(2)
Class B Common Stock	(4)							(4)	(4)	Class A Common Stock	1,892		1,892	I	Child's proportionate partnership interest shares held by AMR Associates LP(2)
Class B Common Stock	(4)							(4)	(4)	Class A Common Stock	8,880		8,880	I	Trustee of JCB 2020 GST trust fbo son. Reflects proportionate interest held in shares in RAII(2)
Class B Common Stock	(4)							(4)	(4)	Class A Common Stock	18,416		18,416	I	child's proportionate limited partnership interests in shares held by Rankin Associates II, L.P(2)
Class B Common Stock	(4)							(4)	(4)	Class A Common Stock	461		461	I	child's proportionate interests held in shares in Rankin Associates V(2)
Class B Common Stock	(4)							(4)	(4)	Class A Common Stock	634		634	I	Child's proportionate interest in shares held by Rankin Associates VI(2)
Class B Common Stock	(4)							(4)	(4)	Class A Common Stock	147,481		147,481	I	proportionate partnership interest shares held by AMR Associates LP
Class B Common Stock	(4)							(4)	(4)	Class A Common Stock	20,160		20,160	I	Serves as Trustee of BTR 2020 GST trust fbo Helen Butler
Class B Common Stock	(4)							(4)	(4)	Class A Common Stock	41,679		41,679	I	Reporting Person serves as Trustee of GSTs for the benefit of Helen R. Butler
Class B Common Stock	(4)							(4)	(4)	Class A Common Stock	52,321		52,321	I	proportionate limited partnership interest in shares held by Rankin Associates I, L.P.
Class B Common Stock	(4)							(4)	(4)	Class A Common Stock	85,056		85,056	I	proportionate limited partnership interests in shares held by Rankin Associates IV, L.P.
Class B Common Stock	(4)							(4)	(4)	Class A Common Stock	146		146	I	Reporting person's proportionate interest in shares held by Rankin Associates VI
Class B Common Stock	(4)							(4)	(4)	Class A Common Stock	2,800		2,800	I	Individual Retirement Account for the benefit of the Reporting Person's spouse(2)

Explanation of Responses:

1. Spouse's Award-Shares of Class A Common Stock awarded to the Reporting Person's Spouse as "Required Shares" under the company's Non-Employee Directors' Equity Compensation Plan.

2. Reporting Person disclaims beneficial ownership of all such shares.

3. Spouse's Award-Shares of Class A Common Stock awarded to the Reporting Person's Spouse as "Required Shares" under the company's Non-Employee Directors' Equity Compensation Plan.

4. N/A

	/s/ Suzanne S. Taylor, attorney-in-fact	01/06/2026
	** 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.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did Hyster-Yale (HY) report in this Form 4?

The Form 4 reports that an insider indirectly acquired 963 Class A Common Stock shares on 10/01/2025 and 1,136 shares on 01/02/2026, each at a reported price of $0.

How were the new Hyster-Yale (HY) Class A shares held after the transactions?

Following the reported transactions, 56,985 and then 58,121 Class A shares were indirectly owned where the insider’s spouse serves as trustee of the J.C. Butler, Jr. Revocable Trust.

What is the source of the Hyster-Yale (HY) shares acquired at $0?

The explanation states these are Spouse’s Award-Shares of Class A Common Stock granted as “Required Shares” under Hyster-Yale’s Non-Employee Directors’ Equity Compensation Plan.

What types of indirect ownership are disclosed for Hyster-Yale (HY) shares?

The filing lists indirect Class A ownership through multiple vehicles, including revocable trusts, generation-skipping trusts, limited partnerships such as AMR Associates LP and Rankin Associates entities, and an individual retirement account related to the insider’s spouse.

Does the reporting person claim full beneficial ownership of these Hyster-Yale (HY) shares?

No. The explanation of responses states that the reporting person disclaims beneficial ownership of all such shares reported in the various trusts, partnerships, and related accounts.

Are derivative securities related to Hyster-Yale (HY) disclosed in this Form 4?

Yes. Table II reports Class B Common Stock derivative interests that correspond to various amounts of underlying Class A Common Stock held indirectly through trusts and limited partnerships.