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NACCO INDUSTRIES INC·4

Feb 18, 2:22 PM ET

BUTLER JOHN C JR 4

4 · NACCO INDUSTRIES INC · Filed Feb 18, 2026

Research Summary

AI-generated summary of this filing

Updated

NACCO CEO John C. Butler Jr Receives Award, Surrenders Shares

What Happened

  • John C. Butler Jr., President & CEO and a director of NACCO Industries (NC), was granted 39,630 shares under the company’s Executive Long-Term Incentive Plan (LTIP) on 2026-02-17. On the same date he surrendered 8,777 shares to the company to satisfy tax withholding obligations related to that award. No dollar prices were reported in the Form 4 (amounts listed as N/A).

Key Details

  • Transaction dates: 2026-02-17 (reported on Form 4 filed 2026-02-18).
  • Grant: 39,630 shares (code A — award/acquisition under LTIP; footnote F1).
  • Disposal: 8,777 shares surrendered for tax withholding (code F; described as a cashless surrender to satisfy tax withholding; footnote F4).
  • Prices/values: Not reported (N/A) in the filing.
  • Shares owned after transaction: Not specified in this filing.
  • Filing timeliness: Filed the day after the transactions (no indication of a late filing).
  • Relevant footnotes: F1 (LTIP award), F4 (cashless surrender to cover tax withholding). Several other footnotes describe holdings in trusts/IRAs and disclaimers of beneficial ownership for certain family/partnership interests.

Context

  • This is an equity award grant combined with a routine tax-withholding surrender, not an open-market purchase or sale. Surrenders to cover withholding are common for equity compensation and do not necessarily signal a view on the stock. No market-sale or buy transactions were reported here.

Insider Transaction Report

Form 4
Period: 2026-02-17
NACCO INDUSTRIES INCNC
BUTLER JOHN C JR
DirectorPresident & CEOOther
Transactions
  • Award

    Class A Common Stock

    [F1][F2][F3]
    2026-02-17+39,630→ 398,558 total(indirect: By Trust)
  • Tax Payment

    Class A Common Stock

    [F4][F2][F3]
    2026-02-17−8,777→ 389,781 total(indirect: By Trust)
Holdings

  • Class A Common Stock

    [F5]
    (indirect: AMR Associates NC, L.P.)
    10

  • Class A Common Stock

    [F6]
    (indirect: By Trust)
    2,191

  • Class A Common Stock

    [F7]
    (indirect: By Children)
    9,052

  • Class A Common Stock

    [F8]
    (indirect: By Trust)
    4,083

  • Class A Common Stock

    [F7]
    (indirect: By Children)
    9,208

  • Class A Common Stock

    [F8]
    (indirect: By Trust)
    3,927

  • Class A Common Stock

    [F9]
    (indirect: By Trust)
    67,482

  • Class A Common Stock

    [F10]
    (indirect: By IRA)
    2,800

  • Class A Common Stock

    [F11]
    (indirect: By Trust)
    4,054

  • Class A Common Stock

    [F12]
    (indirect: By Trust)
    4,055

  • Class B Common Stock

    [F2][F5]
    (indirect: AMR Associates NC, L.P.)
    → Class A Common Stock (1,022 underlying)
    1,022

  • Class B Common Stock

    [F2][F6]
    (indirect: By Trust)
    → Class A Common Stock (7,857 underlying)
    7,857

  • Class B Common Stock

    [F2][F13]
    (indirect: By Spouse)
    → Class A Common Stock (26,161 underlying)
    26,161

  • Class B Common Stock

    [F2]
    (indirect: By Spouse)
    → Class A Common Stock (42,529 underlying)
    42,529

  • Class B Common Stock

    [F2][F9]
    (indirect: By Trust)
    → Class A Common Stock (9,195 underlying)
    9,195
Footnotes (13)
  • [F1]Shares of Class A Common Stock awarded to the Reporting Person under the Company's Executive Long-Term Incentive Compensation Plan.
  • [F10]Held in an Individual Retirement Account for the benefit of the Reporting Person.
  • [F11]Reporting Person's spouse serves as trustee of the JCB 2020 GST Trust for the benefit of Clara R. Butler.
  • [F12]Reporting Person's spouse serves as trustee of the JCB 2020 GST Trust for the benefit of Griffin B. Butler.
  • [F13]Represents the Reporting Person's spouse's proportionate limited partnership interests in shares held by Rankin Associates I, L.P.
  • [F2]N/A
  • [F3]Reporting Person serves as Trustee of the J.C. Butler, Jr. Revocable Trust.
  • [F4]Cashless Exercise-Award shares that Reporting Person surrendered to Company in order to satisfy his/her tax withholding obligations with respect to his/her Long-Term Incentive Plan Stock Award.
  • [F5]Represents the Reporting Person's spouse's proportionate limited partnership interest in shares held by AMR NC. Reporting Person disclaims beneficial ownership of all such shares.
  • [F6]Held by BTR 2020 GST Trust for the benefit of Reporting Person's spouse. Reporting Person disclaims beneficial ownership of all such shares.
  • [F7]Represents the Reporting Person's child's proportionate limited partnership interests in shares held by Rankin Associates II, L.P . Reporting Person disclaims beneficial ownership of all such shares.
  • [F8]Held by Trust, John C. Butler, Jr., Trustee, for the benefit of Reporting Person's minor child. Reporting Person disclaims beneficial ownership of all such shares.
  • [F9]Held by Trust for the benefit of Reporting Person's Spouse. Reporting Person disclaims beneficial ownership of all such shares.
Signature
/s/ Matthew J. Dilluvio, attorney-in-fact|2026-02-18

Documents

2 files
  • 4
    form4.xmlPrimary

    PRIMARY DOCUMENT

  • EX-24
    doc1.txt

    POWER OF ATTORNEY (PUBLIC): 2020 POA