BUTLER HELEN RANKIN 4

What Happened Helen R. Butler (reported as a "Member of a Group") was credited with a grant/award of 39,630 shares of NACCO Industries Inc. (NC) on 2026-02-17. On the same date, 8,777 shares were surrendered to satisfy a tax liability (transaction code F), resulting in a net increase of 30,853 shares attributable to this transaction. Prices are listed as N/A on the Form 4 because these were compensatory award shares and shares surrendered for tax withholding rather than open-market trades.

Key Details

• Transaction date: 2026-02-17; Form 4 filed 2026-02-18 (covering the 2/17 transactions).
• Awarded shares: 39,630 (code A — grant/award/acquisition).
• Shares surrendered for tax withholding: 8,777 (code F — payment of exercise price or tax liability).
• Net shares acquired from these entries: 30,853.
• Prices: N/A (compensatory award and withholding; not an open-market price).
• Shares owned after transaction: not disclosed on the Form 4.
• Relevant footnotes: F1 indicates shares were awarded to the Reporting Person's spouse under the Company’s Executive Long‑Term Incentive Compensation Plan; F4 explains shares surrendered were to satisfy tax withholding related to that award. The filer also includes various trust/IRA-related footnotes and disclaimers of beneficial ownership for certain holdings.

Context This was a compensatory stock award to the reporting person’s spouse, with a portion of the award surrendered to cover tax obligations — a routine administrative action rather than an open‑market sale. Such withholding (code F) is common with equity awards and does not necessarily indicate the insider’s view of the company’s prospects. The filing was submitted the next day (2/18) reporting the 2/17 transactions.