NACCO Industries (NC) insider details new Class A share awards

Rhea-AI Filing Summary

NACCO Industries, Inc. reported an insider transaction involving Class A common stock. On 01/02/2026, the reporting person had 1,052 shares of Class A common stock acquired for the benefit of their spouse as “Required Shares” under the company’s Non-Employee Directors’ Equity Compensation Plan. Following this, the filing lists substantial additional Class A holdings reported as indirectly owned through multiple trusts, retirement accounts, corporations, and limited partnerships associated with the reporting person’s spouse and family. In many of these indirect positions, the reporting person formally disclaims beneficial ownership, clarifying that control or economic interest rests with the spouse, related entities, or trust beneficiaries.

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^*

RANKIN VICTOIRE G

(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
	Officer (give title below)	X	Other (specify below)
			Member of a Group

3. Date of Earliest Transaction (Month/Day/Year)
01/02/2026

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	01/02/2026		A(1)		1,052	A	(2)	216,005	I	AMR - Main Trust - A(3)
Class A Common Stock								14,160	I	AMR - IRA(4)
Class A Common Stock								1,975	I	AMR - RMI (Delaware)(5)
Class A Common Stock								2,044	I	AMR Associates NC, L.P.(6)
Class A Common Stock								10,110	I	BTR-Class A Trust(7)
Class A Common Stock								34,936	I	VGR - Trust(8)

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
Class B Common Stock	(2)							(2)	(2)	Class A Common Stock	2,000		2,000	I	AMR - RAI (B)(9)
Class B Common Stock	(2)							(2)	(2)	Class A Common Stock	201,928		201,928	I	AMR Associates NC, L.P.(6)
Class B Common Stock	(2)							(2)	(2)	Class A Common Stock	25		25	I	AMR-RAIV-GP(10)
Class B Common Stock	(2)							(2)	(2)	Class A Common Stock	9,431		9,431	I	By Trust/Daughter 2(11)
Class B Common Stock	(2)							(2)	(2)	Class A Common Stock	9,431		9,431	I	By Trust/Daughter 1(12)

Explanation of Responses:

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.

2. N/A

3. 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.

4. Held in an Individual Retirement Account for the benefit of the Reporting Person's spouse. Reporting Person disclaims beneficial ownership of all such shares.

5. 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.

6. 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.

7. 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.

8. Reporting Person's spouse serves as Trustee of a Trust for the benefit of Victoire G. Rankin.

9. 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.

10. 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.

11. Reporting Person's spouse serves as trustee of BTR 2012 GST for the benefit of Clara Williams.

12. Reporting Person's spouse serves as trustee of BTR 2012 GST for the benefit of Helen Butler.

	/s/ Matthew J. Dilluvio, attorney-in-fact	01/05/2026
	** 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 transaction did NACCO Industries (NC) report in this Form 4?

The Form 4 reports that 1,052 shares of Class A common stock were awarded on 01/02/2026 as “Required Shares” under NACCO Industries’ Non-Employee Directors’ Equity Compensation Plan for the benefit of the reporting person’s spouse.

How is the reporting person related to NACCO Industries (NC)?

The reporting person is identified under the category Other in the relationship section rather than as a director, officer, or 10% owner, indicating a relationship to the issuer that is specified outside those standard roles.

Are the NACCO Industries shares held directly or indirectly by the reporting person?

The Form 4 shows indirect ownership of Class A common stock through multiple vehicles, including trusts, an individual retirement account, a corporation, and limited partnerships, many of which are associated with the reporting person’s spouse.

What is the nature of the 1,052 NACCO Industries Class A shares reported?

The 1,052 Class A shares are described as the spouse’s shares awarded as “Required Shares” under NACCO Industries’ Non-Employee Directors’ Equity Compensation Plan.

Why does the reporting person disclaim beneficial ownership of certain NACCO Industries shares?

For multiple indirect positions, the explanation notes that the reporting person’s spouse serves as trustee or holds a proportionate interest in entities that own the shares, and the reporting person disclaims beneficial ownership of all such shares.

What types of entities hold NACCO Industries (NC) shares reported on this Form 4?

The filing lists trusts, an IRA, a management company, and limited partnerships as holders of Class A common stock tied to the reporting person’s spouse and family.