Director Robert S. Shapard granted 563 NACCO (NC) Class A shares

Rhea-AI Filing Summary

SHAPARD ROBERT S reported acquisition or exercise transactions in this Form 4 filing.

NACCO Industries director Robert S. Shapard received an equity award of 563 shares of Class A Common Stock as compensation. The shares were granted as “Required Shares” under the company’s Non-Employee Directors’ Equity Compensation Plan and were awarded at no cash cost. Following this grant, Shapard directly holds 18,181 shares of Class A Common Stock.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider SHAPARD ROBERT S

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Class A Common Stock	563	$0.00	--

Holdings After Transaction: Class A Common Stock — 18,181 shares (Direct)

Footnotes (1)

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. N/A

Key Figures

Shares granted: 563 shares Grant price per share: $0.00 per share Shares owned after grant: 18,181 shares

3 metrics

Shares granted 563 shares Class A Common Stock award to director on April 1, 2026

Grant price per share $0.00 per share Equity compensation grant, non-cash award

Shares owned after grant 18,181 shares Total direct Class A Common Stock holdings after transaction

Key Terms

Class A Common Stock, Non-Employee Directors’ Equity Compensation Plan, Required Shares, Grant, award, or other acquisition

4 terms

Class A Common Stock financial

"security_title: "Class A Common Stock""

Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.

Non-Employee Directors’ Equity Compensation Plan financial

"awarded to the Reporting Person as "Required Shares" under the company's Non-Employee Directors' Equity Compensation Plan"

Required Shares financial

"awarded to the Reporting Person as "Required Shares" under the company's Non-Employee Directors' Equity Compensation Plan"

Grant, award, or other acquisition financial

"transaction_code_description: "Grant, award, or other acquisition""

Form 4 Insider Transactions: What Each Field Means →

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
Estimated average burden
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^*

SHAPARD ROBERT S

(Last) (First) (Middle)

NACCO INDUSTRIES, INC.

22901 MILLCREEK BLVD., SUITE 600

(Street)

CLEVELAND OHIO 44122

(City) (State) (Zip)

UNITED STATES

(Country)

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)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/01/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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	04/01/2026		A(1)		563	A	(2)	18,181	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	04/01/2026
	** 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.
* Form 4: SEC 1474 (03-26)

FAQ

What did NACCO Industries (NC) director Robert S. Shapard report on this Form 4?

Robert S. Shapard reported receiving 563 NACCO Class A shares. These were granted as an equity award under the Non-Employee Directors’ Equity Compensation Plan and increased his direct holdings to 18,181 Class A Common Stock shares after the transaction.

How many NACCO (NC) shares did Robert S. Shapard acquire and at what price?

Shapard acquired 563 shares of NACCO Class A Common Stock at a stated price of $0.00 per share. This reflects a stock grant as compensation, not a market purchase, under the company’s Non-Employee Directors’ Equity Compensation Plan.

What are Shapard’s total NACCO (NC) Class A share holdings after this grant?

After the grant, Shapard holds 18,181 NACCO Class A Common Stock shares directly. The Form 4 shows this updated ownership figure, incorporating the 563-share equity award received under the directors’ compensation plan.

What is the purpose of the NACCO (NC) Non-Employee Directors’ Equity Compensation Plan?

The plan provides equity awards, such as “Required Shares,” to non-employee directors as part of their compensation. In this filing, 563 Class A Common Stock shares were granted to director Robert S. Shapard under that plan at no cash purchase price.

Was Robert S. Shapard’s NACCO (NC) share grant a market purchase or a compensation award?

The 563 NACCO shares were a compensation award, not a market purchase. The Form 4 identifies the transaction as a grant or award, with a price of $0.00 per share, made under the Non-Employee Directors’ Equity Compensation Plan.