NACCO (NC) SVP receives 2,905-share award, surrenders 363 for taxes

Rhea-AI Filing Summary

NACCO Industries senior vice president and controller Elizabeth Loveman reported equity compensation and related tax withholding in Class A Common Stock. On February 17, 2026, she was awarded 2,905 shares at $0 per share under the company’s Executive Long-Term Incentive Compensation Plan. On the same date, she surrendered 363 shares to the company in a cashless transaction to cover tax withholding on this stock award. After these transactions, she directly owned 20,714 shares of Class A Common Stock.

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^*

Loveman Elizabeth

(Last) (First) (Middle)

NACCO INDUSTRIES, INC.

22901 MILLCREEK BLVD., SUITE 600

(Street)

CLEVELAND OH 44122

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	SVP and Controller

3. Date of Earliest Transaction (Month/Day/Year)
02/17/2026

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	02/17/2026		A(1)		2,905	A	(2)	21,077	D
Class A Common Stock	02/17/2026		F(3)		363	D	(2)	20,714	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 under the Company's Executive Long-Term Incentive Compensation Plan.

2. N/A

3. Cashless Exercise-Award shares that Reporting Person surrendered to Company in order to satisfy his/her tax withholding obligations with respect to his/her Long-Term Incentive Plan Stock Award.

	/s/ Matthew J. Dilluvio, attorney-in-fact	02/18/2026
	** 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).
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FAQ

What insider transactions did NACCO (NC) executive Elizabeth Loveman report?

Elizabeth Loveman reported receiving a stock award and a related tax-withholding disposition. She was granted 2,905 shares of NACCO Class A Common Stock and surrendered 363 shares back to the company to satisfy tax obligations tied to that award.

How many NACCO (NC) shares did Elizabeth Loveman receive and at what price?

She received 2,905 shares of NACCO Class A Common Stock at a reported price of $0 per share. The shares were granted under the company’s Executive Long-Term Incentive Compensation Plan as part of her equity-based compensation package.

Why did Elizabeth Loveman surrender 363 NACCO (NC) shares?

She surrendered 363 shares to NACCO in a cashless exercise to cover tax withholding on her long-term incentive stock award. This method uses part of the awarded shares to pay taxes instead of a separate cash payment.

What is Elizabeth Loveman’s NACCO (NC) share ownership after these Form 4 transactions?

After the reported transactions, Elizabeth Loveman directly owned 20,714 shares of NACCO Class A Common Stock. This figure reflects both the 2,905-share award she received and the 363 shares surrendered to the company for tax withholding purposes.

What compensation plan was used for Elizabeth Loveman’s NACCO (NC) stock award?

The 2,905-share grant was made under NACCO’s Executive Long-Term Incentive Compensation Plan. This plan provides equity awards to executives, aligning part of their compensation with company performance through stock-based incentives instead of purely cash payments.