NACCO insider reports stock award and tax share surrender
NACCO Industries insider Helen Rankin Butler filed a Form 4 reporting indirect changes in Class A Common Stock tied to her spouse’s compensation.
Rhea-AI Filing Summary
NACCO Industries insider Helen Rankin Butler filed a Form 4 reporting indirect changes in Class A Common Stock tied to her spouse’s compensation. Her spouse received 39,630 shares of Class A Common Stock as an award under the company’s Executive Long-Term Incentive Compensation Plan.
On the same date, 8,777 Class A shares were surrendered back to NACCO in a cashless transaction to cover her spouse’s tax withholding obligations on that stock award. The filing also details multiple indirect holdings of both Class A and Class B shares through trusts, partnerships, and retirement accounts, with several footnotes stating that Butler disclaims beneficial ownership of some of these interests.
Positive
- None.
Negative
- None.
Insider Trade Summary
17 transactions reported
Mixed
17 txns
Insider
BUTLER HELEN RANKIN
Role
Insider
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 39,630 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Class A Common Stock | 8,777 | $0.00 | $0.00 |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| 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 | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 389,781 shares (Indirect, By Spouse/Trust);
Class B Common Stock — 1,022 contracts (Indirect, AMR Associates NC, L.P.);
Class B Common Stock — 17,052 contracts (Indirect, By Trust);
Class B Common Stock — 26,161 contracts (Indirect, By RAI);
Class B Common Stock — 42,529 contracts (Indirect, by RAIV);
Class A Common Stock — 10 shares (Indirect, AMR Associates NC, L.P.);
Class A Common Stock — 69,673 shares (Indirect, By Trust);
Class A Common Stock — 9,052 shares (Indirect, By RAII/Child 1);
Class A Common Stock — 4,083 shares (Indirect, By Trust-Child 1);
Class A Common Stock — 9,208 shares (Indirect, By RAII/Child 2);
Class A Common Stock — 3,927 shares (Indirect, By Trust-Child 2);
Class A Common Stock — 2,800 shares (Indirect, By Spouse/IRA);
Class A Common Stock — 4,054 shares (Indirect, By Trust/Daughter);
Class A Common Stock — 4,055 shares (Indirect, By Trust/Son)
Footnotes (14)
- F1. Shares of Class A Common Stock awarded to the Reporting Person's spouse under the Company's Executive Long-Term Incentive Compensation Plan.
- F2. N/A
- F3. Reporting Person's spouse serves as Trustee of the J.C. Butler, Jr. Revocable Trust. Reporting Person disclaims beneficial ownership of all such shares.
- F4. Cashless Exercise-Award shares that Reporting Person's Spouse surrendered to Company in order to satisfy his tax withholding obligations with respect to his Long-Term Incentive Plan Stock Award.
- F5. 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 general partner of AMR NC.
- F6. Held by BTR 2020 GST Trust for the benefit of Reporting Person.
- F7. Represents the Reporting Person's child's proportionate limited partnership interests in shares held by Rankin Associates II, L.P . Reporting Person disclaims beneficial ownership of all such shares.
- F8. Held by Trust, John C. Butler, Jr., Trustee, for the benefit of Reporting Person's minor child. Reporting Person disclaims beneficial ownership of all such shares.
- F9. Held by Trust for the benefit of Reporting Person.
- F10. Held in an Individual Retirement Account for the benefit of the Reporting Person's spouse. Reporting Person disclaims beneficial ownership of all such shares.
- F11. Reporting Person serves as trustee of the JCB 2020 GST Trust for the benefit of Clara R. Butler.
- F12. Reporting Person serves as trustee of the JCB 2020 GST Trust for the benefit of Griffin B. Butler.
- F13. RAI-Represents Reporting Person's limited partnership interest in shares held by Rankin Associates I, L.P.
- F14. RAIV-Represents Reporting Person's limited partnership interest in shares held by Rankin Associates IV, L.P.
FAQ
What transactions did Helen Rankin Butler report in this NACCO (NC) Form 4?
Helen Rankin Butler reported indirect changes in NACCO Class A shares related to her spouse’s compensation. Her spouse received a stock award and then surrendered part of those shares back to the company to cover tax withholding obligations on that award.
What indirect ownership structures are disclosed for NACCO (NC) in this Form 4?
The Form 4 describes interests held via a spouse’s trust, multiple GST trusts, limited partnerships such as AMR Associates NC, L.P. and Rankin Associates entities, and an IRA for the spouse. Footnotes clarify trustee roles and proportional limited partnership interests for these NACCO share holdings.
AI-generated analysis. How Rhea-AI works. Not financial advice.
