[Form 4] NACCO Industries, Inc. Insider Trading Activity

Rhea-AI Filing Summary

On 07/01/2025, NACCO Industries (NC) filed a Form 4 detailing insider activity by Director John S. Dalrymple III. The filing reports an automatic acquisition (Code “A”) of 770 Class A common shares granted as “Required Shares” under the company’s Non-Employee Directors’ Equity Compensation Plan. This award raises the director’s direct beneficial ownership to 23,862 shares. No derivative securities were involved, and there were no open-market purchases or sales disclosed.

Insights

Securities Analyst

TL;DR: Small routine director award; negligible impact on share supply, governance, or valuation—overall neutral.

The 770-share grant represents a standard annual equity component of NACCO’s non-employee director compensation. It was received at no stated purchase price, indicating no immediate cash outlay or investment signal by the insider. Post-transaction ownership of 23,862 shares remains immaterial relative to NC’s public float, suggesting limited alignment shift or market impact. Because the transaction is compensation-related and not an open-market buy, it does not convey incremental confidence in future performance. Consequently, the disclosure is not materially impactful for investors or the company’s valuation.

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^*

DALRYMPLE JOHN S III

(Last) (First) (Middle)

NACCO INDUSTRIES, INC.

5875 LANDERBROOK DR., SUITE 220

(Street)

CLEVELAND OH 44124

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
NACCO INDUSTRIES INC [ NC ]

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)		770	A	(2)	23,862	D

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. 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. N/A

	/s/ Matthew J. Dilluvio, attorney-in-fact	07/02/2025
	** 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.
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

How many NACCO Industries (NC) shares did the director acquire?

Director John S. Dalrymple III acquired 770 Class A common shares.

What is the director’s total share ownership after the Form 4 transaction?

His direct beneficial ownership increased to 23,862 shares.

Was the acquisition an open-market purchase?

No. It was an equity award granted under the Non-Employee Directors’ Equity Compensation Plan.

Did the Form 4 report any derivative securities activity?

No derivative securities were acquired or disposed of in this filing.