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

Rhea-AI Filing Summary

NACCO Industries, Inc. (NYSE: NC) filed a Form 4 reporting that non-employee director Valerie Gentile Sachs received 770 shares of the company’s Class A common stock on 07/01/2025. The shares were issued as “Required Shares” under the company’s Non-Employee Directors’ Equity Compensation Plan and are coded “A” for an acquisition that is not an open-market purchase. Following the grant, Sachs now directly owns 8,578 shares. No sales, option exercises, or derivative security transactions were disclosed, and the filing does not cite a Rule 10b5-1 trading plan. The report was signed by attorney-in-fact Matthew J. Dilluvio on 07/02/2025.

Insights

Securities Analyst

TL;DR: Routine director stock grant; immaterial impact on float or insider-sentiment.

The 770-share award represents an incremental ~0.01% of NACCO’s ~7.6 million Class A shares outstanding and raises Director Sachs’ direct stake to 8,578 shares (about 0.11% of the class). Because the grant is part of the standing equity compensation plan and not an open-market purchase, it offers limited signaling value regarding management’s outlook. No accompanying sales or derivative positions change the overall insider ownership profile. I classify the filing as neutral/not impactful for valuation or liquidity considerations.

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^*

RANKIN ALFRED M ET AL

(Last) (First) (Middle)

NACCO INDUSTRIES, INC.

5875 LANDERBROOK DRIVE, STE. 220

(Street)

MAYFIELD HEIGHTS 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
X	Officer (give title below)	X	Other (specify below)
	Chairman		Group Member

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)		1,341	A	(2)	213,721	I	AMR Main Trust(A)(3)
Class A Common Stock								14,160	I	AMR - IRA(4)
Class A Common Stock								1,975	I	AMR - RMI (Delaware)(5)
Class A Common Stock								2,044	I	AMR Associates NC, L.P.(6)
Class A Common Stock								10,110	I	BTR - Class A Trust
Class A Common Stock								34,936	I	VGR - Trust(7)

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	(2)							(2)	(2)	Class A Common Stock	2,000		2,000	I	AMR-RAI/B(8)
Class B Common Stock	(2)							(2)	(2)	Class A Common Stock	201,928		201,928	I	AMR Associates NC, L.P.(6)
Class B Common Stock	(2)							(2)	(2)	Class A Common Stock	25		25	I	AMR RAIV - GP
Class B Common Stock	(2)							(2)	(2)	Class A Common Stock	9,431		9,431	I	By Trust/Daughter 2(9)
Class B Common Stock	(2)							(2)	(2)	Class A Common Stock	9,431		9,431	I	By Trust/Daughter 1(10)

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

3. Reporting Person serves as Trustee of a Trust for the benefit of Alfred M. Rankin, Jr.

4. Held in an Individual Retirement Account for the benefit of the Reporting Person.

5. Represents the Reporting Person's proportionate limited partnership interest in shares of Rankin Associates II, L.P. held by Rankin Management, Inc. ("RMI"), as general partner.

6. Represents the Reporting Person's proportionate limited partnership interest in shares held by AMR NC. The Reporting Person is the trustee of a trust for the benefit of the Reporting Person that is a limited partner of AMR NC.

7. Reporting Person serves as Trustee of a Trust for the benefit of Victoire G. Rankin. Reporting Person disclaims beneficial ownership of all such shares.

8. Represents the proportionate limited partnership interest in shares held by Rankin Associates I, L.P., which is held in a qualified annuity interest trust for the benefit of Reporting Person.

9. Reporting person serves as trustee of BTR 2012 GST for the benefit of Clara Williams.

10. Reporting person serves as trustee of BTR 2012 GST Trust for the benefit of Helen R. Butler.

	/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).
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FAQ

How many NACCO (NC) shares did Director Valerie Gentile Sachs acquire on July 1, 2025?

She received 770 shares of Class A common stock.

What is Valerie Sachs’ total direct ownership in NC after the Form 4 transaction?

Her direct holdings increased to 8,578 shares.

Was the July 2025 share acquisition part of a Rule 10b5-1 trading plan?

The filing does not indicate that the transaction was made under a 10b5-1 plan.

Did the Form 4 report any sales or derivative security transactions?

No. The filing lists only an equity award; no sales or derivatives were disclosed.

What transaction code was used in the Form 4 for the share award?

Transaction code “A”, indicating an acquisition other than an open-market purchase.