RANKIN ELIZABETH B 4

What Happened

• Elizabeth B. Rankin (listed as a member of a group) received an award of 569 shares of NACCO Industries (ticker: NC) on 2026-07-01. The reported transaction type is an Award/Grant (code A); no per-share price or total value is given (N/A). The filing indicates these shares are associated with the reporting person's spouse and related trust arrangements and that the reporting person disclaims beneficial ownership.

Key Details

• Transaction date: 2026-07-01; Form 4 filed: 2026-07-02 (timely; Form 4 is generally due within 2 business days).
• Transaction type: A = Award/Grant.
• Shares awarded: 569; Price/value: N/A (not reported).
• Shares owned after transaction: not specified in the provided filing details.
• Notable footnotes: filing notes the shares were awarded to the reporting person’s spouse as "Required Shares" under the Non-Employee Directors' Equity Compensation Plan and that shares are held in trust for the spouse (reporting person disclaims beneficial ownership).

Context

• This was an equity award (typical for director compensation), not an open-market purchase or sale, so it should not be read as a direct buy signal by the reporting person. Because the filing specifies spouse/trust ownership and a disclaimer of beneficial ownership, these shares reflect compensation/allocations to related parties rather than personal trading by the reporting person.