NACCO Industries (NC) director reports 604-share equity award and holdings

Rhea-AI Filing Summary

NACCO Industries director reports stock award and updated holdings. A board member of NACCO Industries, Inc. filed a Form 4 showing an acquisition on 01/02/2026 of 604 shares of Class A Common Stock. These were awarded as “Required Shares” under the company’s Non-Employee Directors' Equity Compensation Plan, increasing the director’s indirect holdings through a trust.

The filing also details a range of indirect beneficial ownership positions, including shares held through a trust for the director, the director’s spouse, limited partnership interests in Rankin Associates II, L.P., and trusts for the director’s minor children. In multiple cases the director formally disclaims beneficial ownership of shares held by the spouse, children’s trusts, and other signatories to a long-standing Stockholders' Agreement dated March 15, 1990.

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

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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 MATTHEW M

(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)	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)		604	A	(2)	36,743	I	By Trust(3)
Class A Common Stock								722	I	By Spouse(4)
Class A Common Stock(5)								2,058	I	By RAII/Spouse(6)
Class A Common Stock								645	I	Trust/Child1(7)
Class A Common Stock								4,384	I	Trust/RAII/Child1(8)
Class A Common Stock(5)								500	D
Class A Common Stock(5)								7,637	I	By RAII(9)
Class A Common Stock								563	I	Trust/Child2(7)
Class A Common Stock								4,236	I	Trust/RAII/Child2(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

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

3. Held through a trust for the benefit of Reporting Person.

4. Held by Spouse. Reporting Person disclaims beneficial ownership of all such shares.

5. As a member of a "group" deemed to own more than 10% of an equity security as a result of being a party to a Stockholders' Agreement, dated as of March 15, 1990, beneficially owned by each of the signatories to such agreement (the "Agreement"), the Reporting Person disclaims beneficial ownership of any such shares of Stock owned by any other signatory to the Agreement.

6. Represents the Reporting Person's spouse's proportionate limited partnership interests in shares held by Rankin Associates II, L. P. Reporting Person disclaims beneficial ownership of all such shares.

7. Held by Trust for Reporting Person's minor child. Reporting Person and Reporting Person's brother, James T. Rankin are co-trustees of the trust. Reporting Person disclaims beneficial ownership of all such shares.

8. Shares represent the Reporting Person's minor child's proportionate limited interests in shares held by Rankin Associates II, L.P. Shares held by Reporting Person as co-trustee with PNC Bank. Reporting Person disclaims beneficial ownership of all such shares.

9. Represents the Reporting Person's proportionate limited partnership interests in shares held by Rankin Associates II, L.P .

	/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).
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 insider transaction did NACCO Industries (NC) report on this Form 4?

The filing reports that a NACCO Industries director acquired 604 shares of Class A Common Stock on 01/02/2026 as “Required Shares” under the Non-Employee Directors' Equity Compensation Plan.

What type of security was involved in the NACCO Industries (NC) Form 4 filing?

The filing involves Class A Common Stock of NACCO Industries, Inc., reported in Table I for non-derivative securities.

How were the 604 NACCO Industries (NC) shares awarded to the director?

According to the explanation of responses, the 604 shares of Class A Common Stock were awarded as “Required Shares” under NACCO’s Non-Employee Directors' Equity Compensation Plan.

What indirect holdings does the NACCO Industries (NC) director report?

The director reports indirect holdings through a trust for the director, shares held by the spouse, limited partnership interests in Rankin Associates II, L.P., and trusts for the director’s minor children.

What beneficial ownership disclaimers are included in the NACCO Industries (NC) Form 4?

The director disclaims beneficial ownership of shares held by the spouse, shares held for minor children, certain partnership interests in Rankin Associates II, L.P., and shares owned by other signatories to a Stockholders’ Agreement dated March 15, 1990.

Is this NACCO Industries (NC) Form 4 filed by one or multiple reporting persons?

The form indicates it is filed by one reporting person, with the box for “Form filed by One Reporting Person” checked.