Hyster-Yale (HY) director reports Class A stock award and indirect holdings

Rhea-AI Filing Summary

Hyster-Yale, Inc. reported an insider equity award to a director. A reporting person serving as a director and "other" related role received 1,136 shares of Class A Common Stock on 01/02/2026, recorded as an acquisition at a price of $0 per share. The filing states these were "Required Shares" granted under the company’s Non-Employee Directors' Equity Compensation Plan.

The report also lists a large number of indirectly held Class A shares in various trusts and limited partnerships connected to family members and estate planning vehicles. For these indirect positions, the reporting person generally serves as trustee, co-trustee, or holds proportionate partnership interests, and expressly 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

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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^*

RANKIN CLAIBORNE R

(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	244,381	I	Reporting Person serves as Trustee of a Trust for the benefit of Claiborne R. Rankin
Class A Common Stock								10,738	I	Reporting Person serves as Trustee of Trusts for the benefit of the Estate of Alfred M. Rankin Sr.
Class A Common Stock								6,957	I	Held in trust fbo Reporting Person's spouse.(2)
Class A Common Stock								10,631	I	DNF - Child trust proportionate interests in shares held by RA2 father is co-trustee (not trustee)(2)
Class A Common Stock								188	I	Serves as Trustee of the GSTs for the benefit of Julia R. Kuipers(2)
Class A Common Stock								13,631	I	DNF - Childs trust proportionate interest in shares held by RA2, father co-trustee (not trustee)(2)
Class A Common Stock								10,242	I	DNF - Co-Trustee for the benefit of Reporting Person's child (no longer trustee)(2)
Class A Common Stock								769	I	DNF - Trustee of trust for the benefit of Reporting Person's child (no longer trustee)(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	100,000		100,000	I	spouses proportionate LP interst in shares held in RA1(2)
Class B Common Stock	(3)							(3)	(3)	Class A Common Stock	3,956		3,956	I	spouse's proportionate limited partnership interest in shares held by Rankin Associates II LP(2)
Class B Common Stock	(3)							(3)	(3)	Class A Common Stock	377		377	I	Spouse's proportionate interests held in shares in Rankin Associates V(2)
Class B Common Stock	(3)							(3)	(3)	Class A Common Stock	635		635	I	Spouse's proportionate interest in shares held by Rankin Associates VI(2)
Class B Common Stock	(3)							(3)	(3)	Class A Common Stock	168,945		168,945	I	Spouse's proportionate interest held in shares in RA IV(2)
Class B Common Stock	(3)							(3)	(3)	Class A Common Stock	20,159		20,159	I	Serves as Trustee of BTR 2020 GST trust fbo Chloe Seelbach(2)
Class B Common Stock	(3)							(3)	(3)	Class A Common Stock	50		50	I	Proportionate general partnership interest in shares held in RAIV(4)
Class B Common Stock	(3)							(3)	(3)	Class A Common Stock	10,631		10,631	I	DNF - Childs trust proportionate interest in shares held by RA2, father co-trustee (not trustee)(2)
Class B Common Stock	(3)							(3)	(3)	Class A Common Stock	10,027		10,027	I	DNF - Co-Trustee for the benefit of Reporting Person's child (no longer trustee)(2)
Class B Common Stock	(3)							(3)	(3)	Class A Common Stock	40,624		40,624	I	proportionate limited partnership interest in shares held by Rankin Associates I, L.P
Class B Common Stock	(3)							(3)	(3)	Class A Common Stock	56,991		56,991	I	_proportionate limited partnership interests in shares held by Rankin Associates II, L.P
Class B Common Stock	(3)							(3)	(3)	Class A Common Stock	1,165		1,165	I	proportionate limited partnership interest in shares held by Rankin Associates IV, L.P
Class B Common Stock	(3)							(3)	(3)	Class A Common Stock	155		155	I	Interest in Shares held by Rankin Associates V
Class B Common Stock	(3)							(3)	(3)	Class A Common Stock	292		292	I	Proportionate interest in shares held by Rankin Associates VI
Class B Common Stock	(3)							(3)	(3)	Class A Common Stock	20,159		20,159	I	Serves as Trustee of BTR 2020 GST trust fbo Clay Rankin Jr(2)
Class B Common Stock	(3)							(3)	(3)	Class A Common Stock	80		80	I	Interest in shares held by RAV held by Rankin Management, Inc. ("RMI")
Class B Common Stock	(3)							(3)	(3)	Class A Common Stock	100		100	I	Interest in shares held by RAVI held by Rankin Management, Inc. ("RMI")
Class B Common Stock	(3)							(3)	(3)	Class A Common Stock	3,950		3,950	I	proportionate interest in shares held by Rankin Management, Inc. ("RMI")
Class B Common Stock	(3)							(3)	(3)	Class A Common Stock	30,552		30,552	I	Reporting Person serves as Trustee of a Trust for the benefit of Claiborne R. Rankin
Class B Common Stock	(3)							(3)	(3)	Class A Common Stock	54,030		54,030	I	Serves as Trustee of GSTs for the benefit of Chloe Seelbach(2)
Class B Common Stock	(3)							(3)	(3)	Class A Common Stock	54,030		54,030	I	Serves as Trustee of the GSTs for the benefit of Claiborne Rankin Jr.(2)
Class B Common Stock	(3)							(3)	(3)	Class A Common Stock	54,030		54,030	I	Serves as Trustee of the GSTs for the benefit of Julia R. Kuipers(2)
Class B Common Stock	(3)							(3)	(3)	Class A Common Stock	20,160		20,160	I	Serves as Trustee of BTR 2020 GST trust fbo Julia Kuipers(2)
Class B Common Stock	(3)							(3)	(3)	Class A Common Stock	13,631		13,631	I	DNF - Child trust proportionate interests in shares held by RA2 father is co-trustee (not trustee)(2)
Class B Common Stock	(3)							(3)	(3)	Class A Common Stock	10,072		10,072	I	DNF - Trustee for the benefit of Reporting Person's child (no longer trustee)(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

4. proportionate limited partnership interest in shares of Rankin Associates, IV, L.P. held by the Trust for the benefit of Reporting Person, as general partner.

	/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 Form 4?

The filing reports that a director acquired 1,136 shares of Hyster-Yale Class A Common Stock on 01/02/2026, awarded as "Required Shares" under the Non-Employee Directors' Equity Compensation Plan at a stated price of $0 per share.

What is the reporting person’s relationship to Hyster-Yale (HY)?

The reporting person is identified as a Director of Hyster-Yale and also checked the box for an "Other" relationship to the issuer, in addition to the director role.

How are the newly awarded Hyster-Yale shares held after the transaction?

Following the reported transaction, the 1,136 newly awarded Class A shares are shown as indirectly owned, with the reporting person serving as trustee of a trust for the benefit of Claiborne R. Rankin.

What other Hyster-Yale (HY) holdings are disclosed in this Form 4?

The report lists multiple additional indirect holdings of Class A Common Stock through various trusts and limited partnerships for the benefit of family members, estates, and grantor trusts, often where the reporting person is trustee, co-trustee, or holds proportionate partnership interests.

Does the reporting person claim beneficial ownership of all the indirect Hyster-Yale shares?

No. The filing states that the reporting person disclaims beneficial ownership of all such indirectly held shares referenced in the explanatory notes.

Are any derivative securities reported for Hyster-Yale (HY) in this filing?

Yes. Table II lists Class B Common Stock as derivative securities with underlying Class A Common Stock across various trusts and partnerships, generally tied to the reporting person’s or spouse’s proportionate interests, with an explanation that certain entries are not applicable for specific details.