Hyster-Yale (HY) director reports 1,136-share award and large indirect holdings

Rhea-AI Filing Summary

Hyster-Yale, Inc. director reports equity award and indirect holdings

A director of Hyster-Yale, Inc. (HY) reported receiving an award of 1,136 shares of Class A common stock on 01/02/2026. The award was granted at a price of $0 per share as “Required Shares” under the company’s Non-Employee Directors' Equity Compensation Plan and is classified as an acquisition of securities.

Following this transaction, the reporting person shows 23,510 Class A shares held in a trust for the director’s benefit and a large number of additional Class A shares held indirectly through a spouse, children, partnerships, and multiple trusts. Many of these positions arise from derivative holdings in Class B common stock that are shown as convertible into specified amounts of Class A shares. The reporting person disclaims beneficial ownership of all such indirectly held 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

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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^*

WILLIAMS DAVID B

(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)	X	Other (specify below)
			Member of a Group

3. Date of Earliest Transaction (Month/Day/Year)
01/02/2026

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	01/02/2026		A(1)		1,136	A	$0	23,510	I	Held in trust fbo Reporting Person
Class A Common Stock								153,313	I	Spouse's proportionate partnership interest shares held by AMR Associates LP(2)
Class A Common Stock								983	I	Spouse is Trustee of HRB 2020 GST trust fbo Clara Butler(2)
Class A Common Stock								2,647	I	Spouse serves as Trustee of GSTs for the benefit of Clara R. Williams(2)
Class A Common Stock								983	I	Spouse is Trustee of HRB 2020 GST trust fbo Griffin Butler(2)
Class A Common Stock								1,967	I	Child's proportionate partnership interest shares held by AMR Associates LP(2)
Class A Common Stock								983	I	Serves as Trustee of CRW 2020 GST trust fbo Helen Williams(2)
Class A Common Stock								1,967	I	Child's proportionate partnership interest shares held by AMR Associates LP(2)
Class A Common Stock								9,961	I	Reporting Person is Trustee of a Trust for the benefit of Reporting Person's child(2)
Class A Common Stock								983	I	Serves as Trustee of CRW 2020 GST trust fbo Margo Williams(2)
Class A Common Stock								182,185	I	Held by trust for the benefit of Reporting Person's Spouse(2)
Class A Common Stock								7,211	I	Reporting Person is Trustee of a Trust for the benefit of Reporting Person's child(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	(3)							(3)	(3)	Class A Common Stock	41,679		41,679	I	Spouse serves as Trustee of GSTs for the benefit of Clara R. Williams(2)
Class B Common Stock	(3)							(3)	(3)	Class A Common Stock	62,034		62,034	I	Spouse is Trustee of HRB 2020 GST trust fbo Clara Butler(2)
Class B Common Stock	(3)							(3)	(3)	Class A Common Stock	147,481		147,481	I	Spouse's proportionate partnership interest shares held by AMR Associates LP(2)
Class B Common Stock	(3)							(3)	(3)	Class A Common Stock	52,321		52,321	I	Spouse's proportionate interests in shares held by Rankin Associates I.(2)
Class B Common Stock	(3)							(3)	(3)	Class A Common Stock	85,056		85,056	I	Spouse's proportionate interests in shares held by Rankin Associates IV.(2)
Class B Common Stock	(3)							(3)	(3)	Class A Common Stock	146		146	I	Spouse's proportionate interest in shares held by Rankin Associates VI(2)
Class B Common Stock	(3)							(3)	(3)	Class A Common Stock	20,160		20,160	I	Spouse is Trustee of BTR 2020 GST trust fbo Clara Williams(2)
Class B Common Stock	(3)							(3)	(3)	Class A Common Stock	11,766		11,766	I	proportionate LP interest in shares held by RA II, L.P
Class B Common Stock	(3)							(3)	(3)	Class A Common Stock	905		905	I	proportionate interests held in shares in Rankin Associates V
Class B Common Stock	(3)							(3)	(3)	Class A Common Stock	635		635	I	Reporting person's proportionate interest in shares held by Rankin Associates VI
Class B Common Stock	(3)							(3)	(3)	Class A Common Stock	62,035		62,035	I	Spouse is Trustee of HRB 2020 GST trust fbo Griffin Butler(2)
Class B Common Stock	(3)							(3)	(3)	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	(3)							(3)	(3)	Class A Common Stock	22,654		22,654	I	Child's trust?s proportionate interests in shares held by Rankin Associates II.(2)
Class B Common Stock	(3)							(3)	(3)	Class A Common Stock	461		461	I	child's proportionate interests held in shares in Rankin Associates V(2)
Class B Common Stock	(3)							(3)	(3)	Class A Common Stock	634		634	I	Child's proportionate interest in shares held by Rankin Associates VI(2)
Class B Common Stock	(3)							(3)	(3)	Class A Common Stock	62,035		62,035	I	Serves as Trustee of CRW 2020 GST trust fbo Helen Williams(2)
Class B Common Stock	(3)							(3)	(3)	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	(3)							(3)	(3)	Class A Common Stock	19,904		19,904	I	Child's trust?s proportionate interests in shares held by Rankin Associates II.(2)
Class B Common Stock	(3)							(3)	(3)	Class A Common Stock	461		461	I	child's proportionate interests held in shares in Rankin Associates V(2)
Class B Common Stock	(3)							(3)	(3)	Class A Common Stock	634		634	I	Child's proportionate interest in shares held by Rankin Associates VI(2)
Class B Common Stock	(3)							(3)	(3)	Class A Common Stock	62,035		62,035	I	Serves as Trustee of CRW 2020 GST trust fbo Margo Williams(2)

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.

3. N/A

	/s/ Suzanne S. Taylor, attorney-in-fact	01/05/2026
	** 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 filing?

The filing reports that a director received an award of 1,136 shares of Hyster-Yale Class A common stock on 01/02/2026 as part of non-employee director equity compensation.

At what price were the new Hyster-Yale (HY) shares awarded to the director?

The 1,136 Class A common shares were awarded at a stated price of $0 per share under the company’s Non-Employee Directors' Equity Compensation Plan.

How many Hyster-Yale (HY) Class A shares does the director hold in a trust after the transaction?

After the reported transaction, the director shows 23,510 Class A common shares held indirectly in a trust for the reporting person’s benefit.

What types of indirect ownership interests in Hyster-Yale (HY) stock are disclosed?

The filing lists indirect Class A share interests through the reporting person’s spouse, children, multiple family trusts, and proportionate interests in partnerships such as AMR Associates LP and several Rankin Associates entities.

How are Hyster-Yale (HY) Class B shares presented in this insider report?

The report shows Class B common stock as derivative securities, each tied to a specified amount of underlying Class A common shares, with interests held through various trusts and partnership arrangements.

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

No. The filing states that the reporting person disclaims beneficial ownership of all the indirectly held shares reported through family members, trusts, and partnerships.

What compensation plan governed the Hyster-Yale (HY) share award to the director?

The 1,136-share Class A award was granted as “Required Shares” under Hyster-Yale’s Non-Employee Directors' Equity Compensation Plan.