RANKIN ALFRED M ET AL 4

What Happened

• Alfred M. Rankin, Chairman and Director of HYSTER-YALE, received a grant of 25,516 shares under the company's Long-Term Incentive Plan (transaction code A) on 2026-02-27 (award listed at $0.00).
• On the same date he had 1,894 shares withheld/surrendered to the company (transaction code F) at $36.66 per share to cover tax withholding, generating proceeds/value of $69,434. This surrender was a mandatory tax-withholding action, not an open-market sale.

Key Details

• Transaction date: 2026-02-27; Form filed: 2026-03-03 (timely filing).
• Award: 25,516 shares granted (reported at $0.00 per share).
• Tax withholding: 1,894 shares disposed at $36.66 = $69,434 surrendered to company to satisfy taxes.
• Shares owned after transaction: Not specified in the filing.
• Footnotes: F1 = LTIP award; F2 = mandatory cashless-like surrender to satisfy tax withholding; F3 = reporting person disclaims beneficial ownership of all such shares.
• Transaction codes: A = Award/Grant; F = Payment of exercise price or tax liability (withheld shares).

Context

• This is primarily an equity award (not a purchase). The partial surrender of shares was a routine, mandatory tax-withholding step rather than a market sale, so it should not be read as a directional bet.
• For retail investors, awards can dilute shares over time and signal management compensation alignment, but they do not alone indicate insider confidence or lack thereof.