NACCO INDUSTRIES INC·4

Feb 18, 2:22 PM ET

Dewing Carroll L 4

Research Summary

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NACCO (NC) Subsidiary Officer Carroll L. Dewing Receives 6,303-Share Award

What Happened
Carroll L. Dewing, a subsidiary officer of NACCO Industries (NC), received an award of 6,303 shares of Class A common stock under the company's Executive Long-Term Incentive Compensation Plan on 2026-02-17. To cover tax withholding related to the award, 388 of those shares were surrendered back to the company (a cashless withholding), leaving a net of 5,915 shares issued to Dewing. No per-share price or aggregate dollar value was disclosed in the filing.

Key Details

  • Transaction date: 2026-02-17; Form 4 filed 2026-02-18 (timely filing).
  • Reported transactions: Code A — Award/Grant of 6,303 shares; Code F — 388 shares surrendered for tax withholding.
  • Net shares received: 6,303 awarded − 388 withheld = 5,915 net shares.
  • Price: N/A (award; no purchase price disclosed).
  • Footnotes: F1 — award under LTIP; F3 — shares surrendered in a cashless exercise to satisfy tax withholding.
  • Shares owned after transaction: Not specified in the filing.

Context
This was a compensation award (not an open-market purchase or sale). The surrender of shares to cover taxes is a common administrative step and does not by itself indicate a change in the insider’s market view. Because no cash purchase or sale occurred and no price/value was disclosed, there's no direct trading value to interpret from this filing.

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