NC Insider Filing: 1,232 Director Shares; Multiple Indirect Holdings Listed
Rhea-AI Filing Summary
Victoire G. Rankin, identified as an officer of NACCO Industries, Inc. (ticker: NC), reported a transaction dated 10/01/2025 on SEC Form 4. The filing shows an acquisition of 1,232 shares of Class A common stock identified as "Required Shares" awarded to the reporting person’s spouse under the company’s Non-Employee Directors' Equity Compensation Plan. The Form lists multiple indirect beneficial holdings attributed to trusts, IRAs and limited partnerships connected to the reporting person or spouse, including 214,953, 14,160, 1,975, 2,044, 10,110, and 34,936 Class A shares in specified accounts or entities. The derivatives section reports indirect beneficial interests in Class A shares underlying Class B positions, including 201,928 and other listed amounts (e.g., 2,000, 25, 9,431). The filer disclaims beneficial ownership for many of the indirect holdings where noted. The form is signed by an attorney-in-fact on behalf of the reporting person.
Positive
- None.
Negative
- None.
Insights
Routine director-related share award recorded; multiple indirect holdings disclosed.
The Form 4 documents a 1,232-share acquisition labeled as Required Shares tied to the company's director equity plan, recorded 10/01/2025. The filing also enumerates numerous indirect holdings across trusts, IRAs and partnerships with specific share figures, and shows derivative-based underlying Class A interests including 201,928 shares in an entity.
This is a disclosure of ownership and not a forward-looking change to company operations; the reporting person disclaims beneficial ownership for many indirect holdings, which the filing explicitly states.
Disclosure reflects governance compensation mechanics and family/trust holdings.
The explanation clarifies the 1,232 shares stem from director equity compensation awarded to the reporting person’s spouse and lists several trust/partnership arrangements where the spouse serves as trustee or has partnership interests. The reporting person expressly disclaims beneficial ownership of many of these holdings, aligning with common governance disclosures separating personal and family/trust interests.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 1,232 | $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 | -- | -- | -- |
Footnotes (1)
- Spouse's shares of Class A Common Stock awarded to the Reporting Person's spouse as "Required Shares" under the company's Non-Employee Directors' Equity Compensation Plan. N/A Reporting Person's spouse serves as Trustee of a Trust for the benefit of Alfred M. Rankin, Jr. Reporting Person disclaims beneficial ownership of all such shares. Held in an Individual Retirement Account for the benefit of the Reporting Person's spouse. Reporting Person disclaims beneficial ownership of all such shares. Represents the Reporting Person's spouse's proportionate interest in shares held by Rankin Management, Inc. ("RMI"). Reporting Person disclaims beneficial ownership of all such shares. Represents the Reporting Person's spouse's proportionate limited partnership interest in shares held by AMR NC. Reporting Person disclaims beneficial ownership of all such shares. Reporting Person's spouse serves as Trustee of Trusts for the benefit of Bruce T Rankin. Reporting Person disclaims beneficial ownership of all such shares. Reporting Person's spouse serves as Trustee of a Trust for the benefit of Victoire G. Rankin. Represents Reporting Person's spouse's proportionate limited partnership interest in shares held by Rankin Associates I, L.P. R eporting Person disclaims beneficial ownership of all such shares. Represents Reporting Person's spouse's proportionate limited partnership interest in shares held by Rankin Associates IV, L.P. Reporting Person disclaims beneficial ownership of all such shares. Reporting Person's spouse serves as trustee of BTR 2012 GST for the benefit of Clara Williams. Reporting Person's spouse serves as trustee of BTR 2012 GST for the benefit of Helen Butler.
