NACCO director granted 569 Class A shares via trust
NACCO Industries director Matthew M. Rankin reported equity holdings and a new share award.
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Form Type
4
Rhea-AI Filing Summary
NACCO Industries director Matthew M. Rankin reported equity holdings and a new share award. The filing shows an indirect acquisition of 569 shares of Class A Common Stock at a price of $0.00 per share, described as “Required Shares” granted under the company’s Non-Employee Directors’ Equity Compensation Plan and held by a trust. The rest of the entries primarily update indirect and direct ownership positions in Class A and Class B shares through various trusts, partnership interests, and family accounts, many of which include footnote disclaimers that Rankin does not beneficially own certain spouse and child-related holdings.
Insider Trade Summary
Grant/Award: 569 shares
Grant/Award
10 txns
Insider
RANKIN MATTHEW M
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 569 | $0.00 | $0.00 |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 37,875 shares (Indirect, By Trust);
Class B Common Stock — 9,430 contracts (Indirect, By Trust);
Class A Common Stock — 722 shares (Indirect, By Spouse);
Class A Common Stock — 2,058 shares (Indirect, By RAII/Spouse);
Class A Common Stock — 645 shares (Indirect, Trust/Child1);
Class A Common Stock — 4,384 shares (Indirect, Trust/RAII/Child1);
Class A Common Stock — 500 shares (Direct);
Class A Common Stock — 7,637 shares (Indirect, By RAII);
Class A Common Stock — 563 shares (Indirect, Trust/Child2);
Class A Common Stock — 4,236 shares (Indirect, Trust/RAII/Child2)
Footnotes (10)
- F1. Shares of Class A Common Stock awarded to the Reporting Person as "Required Shares" under the company's Non-Employee Directors' Equity Compensation Plan.
- F2. N/A
- F3. Held through a trust for the benefit of Reporting Person.
- F4. Held by Spouse. Reporting Person disclaims beneficial ownership of all such shares.
- F5. As a member of a "group" deemed to own more than 10% of an equity security as a result of being a party to a Stockholders' Agreement, dated as of March 15, 1990, beneficially owned by each of the signatories to such agreement (the "Agreement"), the Reporting Person disclaims beneficial ownership of any such shares of Stock owned by any other signatory to the Agreement.
- F6. Represents the Reporting Person's spouse's proportionate limited partnership interests in shares held by Rankin Associates II, L. P. Reporting Person disclaims beneficial ownership of all such shares.
- F7. Held by Trust for Reporting Person's minor child. Reporting Person and Reporting Person's brother, James T. Rankin are co-trustees of the trust. Reporting Person disclaims beneficial ownership of all such shares.
- F8. Shares represent the Reporting Person's minor child's proportionate limited interests in shares held by Rankin Associates II, L.P. Shares held by Reporting Person as co-trustee with PNC Bank. Reporting Person disclaims beneficial ownership of all such shares.
- F9. Represents the Reporting Person's proportionate limited partnership interests in shares held by Rankin Associates II, L.P .
- F10. Reporting person serves as trustee of BTR 2012 GST Trust for the benefit of Matthew Rankin.
Key Figures
Equity award: 569 shares
Trust holdings after award: 37,875 shares
Indirect holding via RAII: 7,637 shares
+4 more
7 metrics
Equity award
569 shares
Class A Common Stock grant at $0.00 per share under Non-Employee Directors’ Equity Compensation Plan
Trust holdings after award
37,875 shares
Class A Common Stock indirectly held by trust following 569-share grant
Indirect holding via RAII
7,637 shares
Class A Common Stock indirectly held through Rankin Associates II, L.P.
Spouse-related RAII interest
2,058 shares
Class A Common Stock representing spouse’s proportionate limited partnership interests in Rankin Associates II, L.P.
Spouse-held shares
722 shares
Class A Common Stock held by spouse, with beneficial ownership disclaimed
Class B trust holding
9,430 shares
Class B Common Stock indirectly held by trust with 9,430 underlying Class A shares at $0.00 exercise price
Direct holding
500 shares
Class A Common Stock held directly by the reporting person
Key Terms
Non-Employee Directors' Equity Compensation Plan, Required Shares, Class B Common Stock, Stockholders' Agreement, +1 more
5 terms
Non-Employee Directors' Equity Compensation Plan financial
"Shares of Class A Common Stock awarded ... under the company's Non-Employee Directors' Equity Compensation Plan."
Class B Common Stock financial
"Class B Common Stock indirectly held by trust with underlying Class A shares."
A class B common stock is one of multiple types of a company’s ordinary shares that carries specific rights—often different voting power or dividend priority—compared with other classes. For investors it matters because those differences affect how much influence you have over company decisions, the income you might receive, and how freely the shares trade; think of it like owning a car with different keys: some keys let you start the engine and open the trunk, others only unlock the door.
Stockholders' Agreement financial
"As a member of a "group" deemed to own more than 10% ... as a result of being a party to a Stockholders' Agreement, dated as of March 15, 1990."
beneficial ownership financial
"Reporting Person disclaims beneficial ownership of all such shares."
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Matthew M. Rankin report in his latest Form 4 for NC?
Matthew M. Rankin reported an indirect acquisition of 569 Class A shares as “Required Shares” under NACCO’s Non-Employee Directors’ Equity Compensation Plan, plus updated direct and indirect holdings through trusts, partnership interests, and family accounts with several beneficial ownership disclaimers.
What indirect holdings did Matthew M. Rankin disclose in NACCO (NC) stock?
He disclosed multiple indirect holdings in Class A and Class B shares through trusts, Rankin Associates II limited partnership interests, spouse holdings, and minor child trusts, with several footnotes stating that he disclaims beneficial ownership of spouse and child-related shares.
Why is Matthew M. Rankin treated as part of a more than 10% group in NC?
A footnote explains he is a member of a “group” deemed to own more than 10% of an equity security under a Stockholders’ Agreement dated March 15, 1990, while he disclaims beneficial ownership of shares owned by other signatories to that agreement.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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