Sullivan John Patrick Jr. 4

What Happened

• John Patrick Sullivan Jr., an officer of a NACCO subsidiary, was granted 5,180 shares of NACCO Class A common stock under the company's Executive Long-Term Incentive Compensation Plan on 2026-02-17.
• To satisfy tax withholding obligations, 245 of the award shares were surrendered back to the company via a cashless withholding, leaving a net issuance of 4,935 shares to the reporting person. No per-share price or total dollar value was disclosed in the filing.
• This transaction is an equity award (compensation), not an open-market purchase or sale; such grants are routine compensation rather than a direct market sentiment signal.

Key Details

• Transaction dates: 2026-02-17 (award and tax-withholding). Filing date: 2026-02-18 (appears timely).
• Transaction codes: A = Award/Grant (5,180 shares); F = Tax withholding/cashless surrender (245 shares).
• Net shares issued to insider: 5,180 awarded − 245 withheld = 4,935 shares.
• Price/Value: Not disclosed (N/A) in the Form 4.
• Footnotes: F1 — award under Executive Long-Term Incentive Plan; F3 — shares surrendered via cashless exercise to satisfy tax withholding.
• Shares owned after transaction: Not specified in the filing.

Context

• The 245-share surrender was a cashless withholding to cover taxes on the award, not an open-market sale. Cashless withholding is common with equity compensation and does not necessarily indicate intent to sell additional shares.
• For retail investors: awards signal compensation expense and alignment of management with shareholders but should not be read as the insider buying stock; purchases typically carry more informational weight for market sentiment.