BUTLER JOHN C JR 4

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.