NACCO (NYSE: NC) director gets 563-share equity award via trust

Q: Was the NACCO (NC) Form 4 transaction a stock buy or sale?

The Form 4 shows an acquisition as a grant/award , not a market buy or sale. McDonald received 563 Class A shares at zero cost under the Non-Employee Directors' Equity Compensation Plan, classified as a grant or other acquisition.

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

McDonald William Paul reported acquisition or exercise transactions in this Form 4 filing.

NACCO Industries director William Paul McDonald received an equity award of 563 shares of Class A Common Stock as “Required Shares” under the company’s Non-Employee Directors' Equity Compensation Plan. The shares were granted at no cost and are held indirectly through a trust for his benefit, bringing his indirect holdings to 7,130 Class A shares following the award.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider McDonald William Paul

Role Director

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

Holdings After Transaction: Class A Common Stock — 7,130 shares (Indirect, By Trust)

Footnotes (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 Held through a trust for the benefit of Reporting Person.

Key Figures

Shares awarded: 563 shares Shares after transaction: 7,130 shares Award price per share: $0.00 per share +1 more

4 metrics

Shares awarded 563 shares Class A Common Stock grant under Non-Employee Directors' Equity Compensation Plan

Shares after transaction 7,130 shares Indirect Class A holdings following award, by trust

Award price per share $0.00 per share Equity award granted at no cash cost to director

Transaction date 2026-04-01 Date of Class A Common Stock award

Key Terms

Non-Employee Directors' Equity Compensation Plan, Required Shares, Class A Common Stock, By Trust

4 terms

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

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

Class A Common Stock financial

"Shares of Class A Common Stock awarded to the Reporting Person as "Required Shares""

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.

By Trust financial

"direct_or_indirect: "I", nature_of_ownership: "By Trust""

Form 4 Insider Transactions: What Each Field Means →

04/01/2026 - 03:35 PM

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^*

McDonald William Paul

(Last)

(First)

(Middle)

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class A Common Stock	04/01/2026		A⁽¹⁾		563	A	⁽²⁾	7,130	I	By Trust⁽³⁾

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

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.

	/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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did NACCO (NC) director William Paul McDonald report?

Director William Paul McDonald reported receiving an equity award of 563 shares of NACCO Class A Common Stock. The award was part of the Non-Employee Directors' Equity Compensation Plan and was not an open-market purchase or sale.

Was the NACCO (NC) Form 4 transaction a stock buy or sale?

The Form 4 shows an acquisition as a grant/award, not a market buy or sale. McDonald received 563 Class A shares at zero cost under the Non-Employee Directors' Equity Compensation Plan, classified as a grant or other acquisition.

How many NACCO (NC) shares does William Paul McDonald hold after this award?

After the reported award, William Paul McDonald indirectly holds 7,130 shares of NACCO Class A Common Stock. This figure reflects his position through a trust for his benefit following the 563-share grant reported in the Form 4 filing.

How were the awarded NACCO (NC) shares held for director William Paul McDonald?

The 563 awarded shares of NACCO Class A Common Stock are held through a trust for McDonald’s benefit. The Form 4 labels the ownership as indirect, "By Trust," meaning the trust, not McDonald directly, is the registered holder.

What is the Non-Employee Directors' Equity Compensation Plan at NACCO (NC)?

NACCO’s Non-Employee Directors' Equity Compensation Plan provides equity awards, including “Required Shares,” to non-employee directors. In this filing, McDonald’s 563-share grant was awarded under this plan as part of his director compensation rather than a voluntary market transaction.