NACCO Industries (NC) officer gets stock award, surrenders shares for taxes

Rhea-AI Filing Summary

NACCO Industries subsidiary officer Dewing Carroll L reported equity compensation changes in Class A Common Stock. On February 17, 2026, Carroll received a grant of 6,303 shares at no cost under the company’s Executive Long-Term Incentive Compensation Plan. On the same date, 388 shares were disposed of through a cashless, tax-withholding transaction in which award shares were surrendered back to the company to cover tax obligations. After these non-market transactions, Carroll directly owned 49,897 Class A shares.

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

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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^*

Dewing Carroll L

(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)
	Subsidiary Officer

3. Date of Earliest Transaction (Month/Day/Year)
02/17/2026

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	02/17/2026		A(1)		6,303	A	(2)	50,285	D
Class A Common Stock	02/17/2026		F(3)		388	D	(2)	49,897	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:

1. Shares of Class A Common Stock awarded to the Reporting Person under the Company's Executive Long-Term Incentive Compensation Plan.

2. N/A

3. Cashless Exercise-Award shares that Reporting Person surrendered to Company in order to satisfy his/her tax withholding obligations with respect to his/her Long-Term Incentive Plan Stock Award.

	/s/ Matthew J. Dilluvio, attorney-in-fact	02/18/2026
	** 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).
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FAQ

What insider transactions did NACCO Industries (NC) report for Dewing Carroll L?

Dewing Carroll L reported a stock award and related tax withholding. They received 6,303 Class A shares under NACCO’s long-term incentive plan and surrendered 388 shares back to the company to satisfy tax obligations.

How many NACCO Industries (NC) shares were granted to Dewing Carroll L?

Dewing Carroll L was granted 6,303 shares of NACCO Industries Class A Common Stock. The shares were awarded at no purchase price under the company’s Executive Long-Term Incentive Compensation Plan on February 17, 2026.

Why did Dewing Carroll L dispose of NACCO Industries (NC) shares in this Form 4?

The disposal reflects tax withholding, not an open-market sale. Carroll surrendered 388 award shares back to NACCO Industries through a cashless arrangement to cover tax liabilities from the long-term incentive stock award.

What is Dewing Carroll L’s NACCO Industries (NC) share ownership after these transactions?

Following the reported grant and tax-withholding disposition, Dewing Carroll L directly owns 49,897 shares of NACCO Industries Class A Common Stock, according to the Form 4 ownership totals disclosed for February 17, 2026.

Were the NACCO Industries (NC) insider transactions open-market buys or sells?

The transactions were equity compensation related, not open-market trades. One line records a grant of 6,303 Class A shares, while another records a tax-withholding disposition of 388 shares surrendered back to the company.