NACCO (NC) director trust receives 760 Class A common shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
RANKIN ALFRED M ET AL reported acquisition or exercise transactions in this Form 4 filing.
NACCO Industries director Alfred M. Rankin-related trust received an equity award of Class A shares. A trust associated with him, listed as "AMR Main Trust(A)", was granted 760 shares of Class A Common Stock as Required Shares under the Non-Employee Directors' Equity Compensation Plan at a stated price of $0.00 per share.
Following this grant, that trust holds 217,720 Class A shares indirectly. The rest of the filing primarily updates indirect holdings across numerous trusts and partnerships, many of which the reporting person serves as trustee and frequently disclaims beneficial ownership. There are no reported open-market purchases or sales in this filing.
Positive
- None.
Negative
- None.
Insider Trade Summary
29 transactions reported
Mixed
29 txns
Insider
RANKIN ALFRED M ET AL
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 760 | $0.00 | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| 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 | -- | -- | -- |
| 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 | -- | -- | -- |
| 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 | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 217,720 shares (Indirect, AMR Main Trust(A));
Class B Common Stock — 2,000 shares (Indirect, AMR-RAI/B)
Footnotes (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. N/A Reporting Person serves as Trustee of a Trust for the benefit of Alfred M. Rankin, Jr. Held in an Individual Retirement Account for the benefit of the Reporting Person. 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. Reporting Person serves as Trustee of Trusts for the benefit of the Estate of Alfred M. Rankin. Reporting Person disclaims bene ficial ownership of all such shares. Reporting Person serves as Trustee of Trusts for the benefit of each of grantor's grandchildren. Reporting Person disclaims beneficial ownership of all such shares. 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. Reporting Person serves as co-trustee for the benefit of Reporting Person's family members. Reporting Person disclaims ownership of such shares. Reporting Person serves as Trustee of a Trust for the benefit of Victoire G. Rankin. Reporting Person disclaims beneficial ownership of all such shares. GRAT2011-Reporting Person serves as Trustee of the Alfred M. Rankin, Jr. 2011 Grantor Retained Annuity Trust. Represents the Reporting Person's proportionate limited partnership interest in shares held by Rankin Associates II, L.P. Represents Reporting Person's proportionate limited partnership interest in shares held by Rankin Associates IV, L.P. Reporting Person serves as Trustee of Irrevocable Trust u/a/d 9/22/88, for the Benefit of Charities for a term of 20 years and then to grantor's grandchildren. Reporting Person disclaims beneficial ownership of all such shares.------ 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. GRAT2012-Reporting Person serves as Trustee of the Alfred M. Rankin, Jr. 2012 Grantor Retained Annuity Trust. Reporting Person serves as Trustee of the Clara T. Rankin Remainder Unitrust#2 u/a/d 1/5/77. Reporting Person disclaims benefic ial ownership of all such shares. Represents the proportionate limited partnership interest in shares held by Rankin Associates II, L.P., which is held in a trust for the benefit of Bruce T. Rankin. Reporting Person serves as the Trustee of the Trust. Reporting Person disclaims beneficial ownership of all such shares. (BTR) Reporting Person serves as Trustee of brother's trust. The Trust includes proportionate limited partnership interest in shares held by Rankin Associates I, II and IV L.P. and Class A and B Common Stock; all of which are held in a Trust for the benefit of Reporting Person's brother, Bruce T. Rankin. Reporting Person disclaims beneficial ownership of all such shares. Represents the proportionate limited partnership interest in shares held by Rankin Associates II, L.P., which is held in a qualified annuity interest trust for the benefit of Bruce Rankin. Reporting Person disclaims beneficial ownership of all such shares. (CTR RAIV) Prepresents the proportionate limited partnership interest in shares held by Rankin Associates IV, L.P., which is held in a trust for the benefit of Clara Rankin. Reporting Person serves as the Trustee of the Trust. Reporting Person disclaims beneficial ownership of all such shares. Reporting Person serves as Trustee of a Trust for the benefit of the Clara L.T. Rankin. Reporting Person disclaims beneficial ownership of all such shares. Represents shares which are held in a qualified annuity interest trust for the benefit of Clara LT Rankin. Reporting Person disclaims all such shares. Represents the proportionate limited partnership interest in shares held by Rankin Associates IV, L.P., which is held in a qualified annuity interest trust for the benefit of Clara Rankin. Reporting Person disclaims beneficial ownership of all such shares. Represents the Reporting Person's spouse's proportionate limited partnership interest in shares held by Rankin Associates II, L.P . Reporting Person disclaims beneficial ownership of all such shares. 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.
Key Figures
Director equity grant: 760 shares
Post-grant trust holding: 217,720 shares
Grant price: $0.00 per share
+5 more
8 metrics
Director equity grant
760 shares
Class A Common Stock awarded as Required Shares
Post-grant trust holding
217,720 shares
Class A shares held indirectly by AMR Main Trust(A)
Grant price
$0.00 per share
Stated transaction price for 760-share award
VGR Trust holding
34,936 shares
Class A Common Stock held indirectly by VGR - Trust
Trust/RFR holding
7,811 shares
Class A Common Stock held indirectly by Trust/RFR
BTR Class A Trust holding
10,110 shares
Class A Common Stock held indirectly by BTR - Class A Trust
AMR NC Class B underlying
201,928 shares
Underlying Class A shares for indirect Class B position
AMR-RAI/B Class B underlying
2,000 shares
Underlying Class A shares for AMR-RAI/B Class B holding
Key Terms
Non-Employee Directors' Equity Compensation Plan, Grantor Retained Annuity Trust, qualified annuity interest trust, individual retirement account, +1 more
5 terms
Non-Employee Directors' Equity Compensation Plan financial
"Shares of Class A Common Stock awarded to the Reporting Person as "Required Shares" under the company's Non-Employee Directors' Equity Compensation Plan."
Grantor Retained Annuity Trust financial
"GRAT2011-Reporting Person serves as Trustee of the Alfred M. Rankin, Jr. 2011 Grantor Retained Annuity Trust."
A grantor retained annuity trust (GRAT) is an estate-planning tool where the person who creates the trust transfers assets into it but receives fixed cash payments (an annuity) from the trust for a set number of years; whatever remains after that term passes to designated beneficiaries. It matters to investors because it can shift future appreciation of assets out of the creator’s taxable estate—like putting an asset into a timed vending machine that pays you fixed amounts while any extra value that grows inside the machine goes to heirs with reduced gift or estate tax consequences.
qualified annuity interest trust financial
"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."
individual retirement account financial
"Held in an Individual Retirement Account for the benefit of the Reporting Person."
limited partnership interest financial
"Represents the Reporting Person's proportionate limited partnership interest in shares held by Rankin Associates II, L.P."
FAQ
What are Alfred M. Rankin’s indirect Class A holdings after this NACCO (NC) grant?
After the reported grant, AMR Main Trust(A) holds 217,720 Class A Common shares indirectly. The filing also lists other indirect positions through trusts and partnerships, where Rankin often serves as trustee and in many cases disclaims beneficial ownership of those additional shares.
Does the NACCO (NC) Form 4 show any open-market buys or sells by Alfred M. Rankin?
The Form 4 does not show open-market buys or sells. It mainly records one acquisition of 760 Class A shares as a director equity award to AMR Main Trust(A) and multiple holding entries across various trusts and partnerships, many with disclaimed beneficial ownership.
What role do trusts and partnerships play in this NACCO (NC) Form 4?
The Form 4 details numerous trusts and partnerships that hold NACCO shares indirectly for the benefit of Alfred M. Rankin or his family. Rankin frequently serves as trustee or limited partner and often disclaims beneficial ownership of shares held for relatives, estates, or charitable beneficiaries.