Stock award lifts NACCO Industries (NC) insider holdings to 41,029 shares

Rhea-AI Filing Summary

NACCO Industries subsidiary officer John Patrick Sullivan Jr. reported equity-based compensation activity in Class A common stock. He received a grant of 5,180 shares under the company’s Executive Long-Term Incentive Compensation Plan, with no cash price shown because this was an award, not an open-market purchase.

To cover related tax withholding obligations, he surrendered 245 shares back to the company in a cashless transaction. After these grant and tax-withholding disposition entries, he directly owns 41,029 shares of NACCO Industries Class A common stock.

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^*

Sullivan John Patrick Jr.

(Last) (First) (Middle)

5340 LEGACY DRIVE

SUITE 300

(Street)

PLANO TX 75024

(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)
	Officer of a subsidiary

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)		5,180	A	(2)	41,274	D
Class A Common Stock	02/17/2026		F(3)		245	D	(2)	41,029	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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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FAQ

What insider transactions did NACCO Industries (NC) report for John Patrick Sullivan Jr.?

NACCO Industries reported that subsidiary officer John Patrick Sullivan Jr. received 5,180 shares of Class A common stock as a long-term incentive award and surrendered 245 shares to cover tax withholding, leaving him with direct ownership of 41,029 shares.

How many NACCO Industries (NC) shares were granted to the insider in this Form 4?

The insider received a grant of 5,180 shares of NACCO Industries Class A common stock. The filing states these shares were awarded under the company’s Executive Long-Term Incentive Compensation Plan, reflecting stock-based compensation rather than an open-market purchase.

Why did the NACCO Industries (NC) insider dispose of 245 shares in this filing?

The insider disposed of 245 shares through a cashless transaction to satisfy tax withholding obligations. The filing explains these shares were surrendered back to the company in connection with the long-term incentive stock award grant reported on the same date.

What is the insider’s total Class A share ownership in NACCO Industries (NC) after these transactions?

After the reported grant and tax-withholding disposition, the insider directly owns 41,029 shares of NACCO Industries Class A common stock. This figure reflects his holdings following receipt of 5,180 award shares and surrender of 245 shares for tax purposes.

Was the NACCO Industries (NC) insider’s stock award part of a specific compensation plan?

Yes. The Form 4 states the 5,180 Class A common shares were awarded under NACCO Industries’ Executive Long-Term Incentive Compensation Plan. This indicates the transaction represents equity compensation rather than a discretionary market transaction by the insider.

Did the NACCO Industries (NC) insider buy or sell shares on the open market in this Form 4?

No open-market buys or sells are reported. The filing shows a stock award of 5,180 shares and a cashless surrender of 245 shares to cover tax withholding obligations, both tied to the company’s long-term incentive compensation plan.