NACCO Industries (NC) SVP and Controller sells 4,053 Class A shares at $52.04

Rhea-AI Filing Summary

NACCO Industries SVP and Controller Elizabeth Loveman reported an open-market sale of Class A common stock. She sold 4,053 shares on March 12, 2026 at an average price of $52.0443 per share. Following this transaction, she directly holds 16,661 Class A common shares.

Insights

Insider trading analyst

Senior finance executive sold a modest block of shares but retains a substantial position.

SVP and Controller Elizabeth Loveman executed an open-market sale of 4,053 shares of NACCO Industries Class A common stock at an average price of $52.0443 per share. The transaction is classified as a non-derivative sale, not tied to option exercises or conversions.

After the sale, Loveman directly holds 16,661 shares, indicating she maintains a meaningful ongoing equity stake. With no derivative positions listed in this filing, her exposure is entirely in common stock. The filing does not reference any Rule 10b5-1 trading plan, so the timing appears discretionary based on the available data.

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

OMB Number:			3235-0287
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hours per response:			0.5

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)
03/12/2026

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	03/12/2026		S		4,053	D	$52.0443	16,661	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:

	/s/ Matthew J. Dilluvio, attorney-in-fact	03/16/2026
	** 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did NACCO Industries (NC) report for Elizabeth Loveman?

NACCO Industries reported that SVP and Controller Elizabeth Loveman sold 4,053 shares of Class A common stock. The shares were sold in an open-market transaction at an average price of $52.0443 per share, according to the Form 4 filing.

At what price did Elizabeth Loveman sell NACCO Industries (NC) shares?

Elizabeth Loveman sold NACCO Industries Class A common shares at an average price of $52.0443 per share. This price reflects the weighted average for the 4,053 shares disposed of in the reported open-market transaction on March 12, 2026.

How many NACCO Industries (NC) shares does Elizabeth Loveman own after the sale?

Following the reported sale, Elizabeth Loveman directly owns 16,661 shares of NACCO Industries Class A common stock. This figure represents her remaining direct holdings as shown in the Form 4, with no derivative securities listed in the filing.

What is Elizabeth Loveman’s role at NACCO Industries (NC) in this Form 4?

In the Form 4, Elizabeth Loveman is identified as SVP and Controller of NACCO Industries. Her position as a senior financial officer makes her a reporting insider, requiring public disclosure of transactions in the company’s Class A common stock.

Was the NACCO Industries (NC) insider transaction an open-market sale?

Yes. The filing classifies the transaction as an open-market sale of Class A common stock. The transaction code is “S,” described as a sale in open market or private transaction, and it involved 4,053 non-derivative shares.

Does the NACCO Industries (NC) Form 4 show any option exercises or derivatives for Elizabeth Loveman?

No derivative transactions are shown for Elizabeth Loveman in this Form 4. The filing lists only a non-derivative sale of Class A common stock, and the derivativeSummary section is empty, indicating no reported option or warrant activity.