Loveman Elizabeth 4

What Happened

• Elizabeth Loveman, Senior Vice President and Controller of NACCO Industries (NC), was granted 2,905 shares under the company's Executive Long-Term Incentive Compensation Plan on 2026-02-17. The filing shows no per-share price (award, not an open-market trade).
• To satisfy tax withholding obligations related to the award, 363 shares were surrendered back to the company via a cashless withholding method (reported as a disposition). This is a routine tax-related withholding, not an open-market sale.

Key Details

• Transaction date: 2026-02-17; Form 4 filed 2026-02-18 (timely).
• Primary transaction: Award/Acquisition (code A) of 2,905 shares (Footnote F1: awarded under Executive LTIP).
• Tax withholding: 363 shares surrendered to company (code F; Footnote F3: cashless surrender to satisfy taxes).
• Price per share: N/A (award); no cash proceeds reported.
• Shares owned after transaction: not specified in the filing.
• Filing appears timely (filed the next day); no 10b5-1 plan or other trading plan disclosed.

Context

• This was an equity award (compensation), not a purchase or investment by the insider. Awards are common compensation for executives and do not necessarily signal a change in sentiment.
• The surrender of shares to cover taxes is a standard administrative step and should not be read as a discretionary sale of stock on the open market.