Form 4: NACCO Director Receives 707 Class A Shares under Equity Plan

Rhea-AI Filing Summary

Valerie Gentile Sachs, identified as a director of NACCO Industries, Inc. (ticker: NC), reported a non-derivative acquisition on 10/01/2025. She was awarded 707 shares of Class A common stock as "Required Shares" under the company’s Non-Employee Directors' Equity Compensation Plan. Following this award, the filing shows she beneficially owns 9,285 shares of Class A common stock. The Form 4 was signed via attorney-in-fact on 10/02/2025.

Positive

• Director equity award shows alignment of the reporting person's interests with shareholders through the Non-Employee Directors' Equity Compensation Plan

Negative

• None.

Insights

Corporate Governance Analyst

Routine director equity award aligns interests without indicating material change.

This Form 4 documents a standard equity grant to a non-employee director under the company’s director compensation plan. The award is described as "Required Shares," suggesting it is part of an established program rather than an ad-hoc transaction.

Such awards typically serve to align director incentives with shareholders; the filing contains no additional disclosures of departure, new appointment, or extraordinary compensation.

Equity Transactions Analyst

Small-scale acquisition; holdings post-transaction are disclosed.

The reported acquisition of 707 shares increased the reporting person’s total Class A holdings to 9,285 shares. The transaction is non-derivative and recorded as an acquisition on the specified date, with no price reported because the shares were awarded under an equity plan.

This filing does not report sales, option exercises, or derivative positions.

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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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

SACHS VALERIE GENTILE

(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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
10/01/2025

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	10/01/2025		A(1)		707	A	(2)	9,285	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 as "Required Shares" under the company's Non-Employee Directors' Equity Compensation Plan.

2. N/A

	/s/ Matthew J. Dilluvio, attorney-in-fact	10/02/2025
	** 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 transaction did Valerie Gentile Sachs report on Form 4 for NACCO Industries (NC)?

The Form 4 reports an acquisition on 10/01/2025 of 707 shares of Class A common stock awarded as "Required Shares" under the company's Non-Employee Directors' Equity Compensation Plan.

How many Class A shares does the reporting person beneficially own after the transaction?

Following the reported transaction, the filing shows the reporting person beneficially owns 9,285 shares of Class A common stock.

What is the reporting person's relationship to NACCO Industries (NC)?

The reporting person, Valerie Gentile Sachs, is listed as a Director of NACCO Industries.

Was a price per share disclosed for the awarded shares?

No price is disclosed; the filing indicates the 707 shares were awarded under the director compensation plan and marks the transaction code as an award.

When was the Form 4 signed and by whom?

The filing bears a signature by an attorney-in-fact, Matthew J. Dilluvio, dated 10/02/2025.