Member of a Group Butler Helen Rankin was granted 948 shares (SEC Form 4)

7/2/25 2:02:46 PM ET

$HY

Construction/Ag Equipment/Trucks

Industrials

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SEC FORM 4 SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

BUTLER HELEN RANKIN

(Last)

(First)

(Middle)

5875 LANDERBROOK DRIVE, SUITE 300

(Street)

MAYFIELD HEIGHTS

44124

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
HYSTER-YALE, INC. [ HY ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

Director		10% Owner
Officer (give title below)	X	Other (specify below)
		Member of a Group

3. Date of Earliest Transaction (Month/Day/Year)
07/01/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class A Common Stock	07/01/2025		A⁽¹⁾		948	A	$0	56,022	I	spouse serves as Trustee of the J.C. Butler, Jr. Revocable Trust.⁽²⁾
Class A Common Stock								1,967	I	Child's proportionate partnership interest shares held by AMR Associates LP⁽²⁾
Class A Common Stock								12,700	I	held in Trust for the benefit of Reporting Person's child⁽²⁾
Class A Common Stock								1,967	I	Child's proportionate partnership interest shares held by AMR Associates LP⁽²⁾
Class A Common Stock								12,388	I	held in trust for the benefit of Reporting Person's child⁽²⁾
Class A Common Stock								153,313	I	proportionate partnership interest shares held by AMR Associates LP
Class A Common Stock								2,647	I	Reporting Person serves as Trustee of GSTs for the benefit of Helen R. Butler
Class A Common Stock								183,605	I	held by Trust for the benefit of Reporting Person
Class A Common Stock								2,800	I	Individual Retirement Account for the benefit of the Reporting Person's spouse⁽²⁾

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Class B Common Stock	⁽³⁾							⁽³⁾	⁽³⁾	Class A Common Stock	1,892		1,892	I	Child's proportionate partnership interest shares held by AMR Associates LP⁽²⁾
Class B Common Stock	⁽³⁾							⁽³⁾	⁽³⁾	Class A Common Stock	8,879		8,879	I	Trustee of JCB 2020 GST trust fbo daughter. Reflects proportionate interest held in shares in RAII⁽²⁾
Class B Common Stock	⁽³⁾							⁽³⁾	⁽³⁾	Class A Common Stock	18,104		18,104	I	child's proportionate limited partnership interests in shares held by Rankin Associates II, L.P⁽²⁾
Class B Common Stock	⁽³⁾							⁽³⁾	⁽³⁾	Class A Common Stock	461		461	I	child's proportionate interests held in shares in Rankin Associates V⁽²⁾
Class B Common Stock	⁽³⁾							⁽³⁾	⁽³⁾	Class A Common Stock	634		634	I	Child's proportionate interest in shares held by Rankin Associates VI⁽²⁾
Class B Common Stock	⁽³⁾							⁽³⁾	⁽³⁾	Class A Common Stock	1,892		1,892	I	Child's proportionate partnership interest shares held by AMR Associates LP⁽²⁾
Class B Common Stock	⁽³⁾							⁽³⁾	⁽³⁾	Class A Common Stock	8,880		8,880	I	Trustee of JCB 2020 GST trust fbo son. Reflects proportionate interest held in shares in RAII⁽²⁾
Class B Common Stock	⁽³⁾							⁽³⁾	⁽³⁾	Class A Common Stock	18,416		18,416	I	child's proportionate limited partnership interests in shares held by Rankin Associates II, L.P⁽²⁾
Class B Common Stock	⁽³⁾							⁽³⁾	⁽³⁾	Class A Common Stock	461		461	I	child's proportionate interests held in shares in Rankin Associates V⁽²⁾
Class B Common Stock	⁽³⁾							⁽³⁾	⁽³⁾	Class A Common Stock	634		634	I	Child's proportionate interest in shares held by Rankin Associates VI⁽²⁾
Class B Common Stock	⁽³⁾							⁽³⁾	⁽³⁾	Class A Common Stock	147,481		147,481	I	proportionate partnership interest shares held by AMR Associates LP
Class B Common Stock	⁽³⁾							⁽³⁾	⁽³⁾	Class A Common Stock	20,160		20,160	I	Serves as Trustee of BTR 2020 GST trust fbo Helen Butler
Class B Common Stock	⁽³⁾							⁽³⁾	⁽³⁾	Class A Common Stock	41,679		41,679	I	Reporting Person serves as Trustee of GSTs for the benefit of Helen R. Butler
Class B Common Stock	⁽³⁾							⁽³⁾	⁽³⁾	Class A Common Stock	52,321		52,321	I	proportionate limited partnership interest in shares held by Rankin Associates I, L.P.
Class B Common Stock	⁽³⁾							⁽³⁾	⁽³⁾	Class A Common Stock	85,056		85,056	I	proportionate limited partnership interests in shares held by Rankin Associates IV, L.P.
Class B Common Stock	⁽³⁾							⁽³⁾	⁽³⁾	Class A Common Stock	146		146	I	Reporting person's proportionate interest in shares held by Rankin Associates VI
Class B Common Stock	⁽³⁾							⁽³⁾	⁽³⁾	Class A Common Stock	2,800		2,800	I	Individual Retirement Account for the benefit of the Reporting Person's spouse⁽²⁾

Explanation of Responses:

1. Spouse's Award-Shares of Class A Common Stock awarded to the Reporting Person's Spouse as "Required Shares" under the company's Non-Employee Directors' Equity Compensation Plan.

2. Reporting Person disclaims beneficial ownership of all such shares.

3. N/A

	/s/ Suzanne S. Taylor, attorney-in-fact	07/01/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

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Date

Price Target

Rating

Analyst

6/5/2024

$90.00

Market Perform → Outperform

Northland Capital

12/5/2023

$85.00

Buy

ROTH MKM

11/15/2023

$80.00

Outperform

Northland Capital

10/12/2022

$36.00

Neutral → Buy

Sidoti

3/2/2022

$85.00 → $75.00

Buy

EF Hutton

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1. Title of Security (Instr. 3)

2. Transaction Date (Month/Day/Year)

2A. Deemed Execution Date, if any (Month/Day/Year)

3. Transaction Code (Instr. 8)

4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)

5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)

6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)

7. Nature of Indirect Beneficial Ownership (Instr. 4)

Code

Amount

(A) or (D)

Price

Class A Common Stock

07/01/2025

A⁽¹⁾

948

56,022

spouse serves as Trustee of the J.C. Butler, Jr. Revocable Trust.⁽²⁾

Class A Common Stock

1,967

Child's proportionate partnership interest shares held by AMR Associates LP⁽²⁾

Class A Common Stock

12,700

held in Trust for the benefit of Reporting Person's child⁽²⁾

Class A Common Stock

1,967

Child's proportionate partnership interest shares held by AMR Associates LP⁽²⁾

Class A Common Stock

12,388

held in trust for the benefit of Reporting Person's child⁽²⁾

Class A Common Stock

153,313

proportionate partnership interest shares held by AMR Associates LP

Class A Common Stock

2,647

Reporting Person serves as Trustee of GSTs for the benefit of Helen R. Butler

Class A Common Stock

183,605

held by Trust for the benefit of Reporting Person

Class A Common Stock

2,800

Individual Retirement Account for the benefit of the Reporting Person's spouse⁽²⁾

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 3)

2. Conversion or Exercise Price of Derivative Security

3. Transaction Date (Month/Day/Year)

3A. Deemed Execution Date, if any (Month/Day/Year)

4. Transaction Code (Instr. 8)

5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)

6. Date Exercisable and Expiration Date (Month/Day/Year)

7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)

8. Price of Derivative Security (Instr. 5)

9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)

10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)

11. Nature of Indirect Beneficial Ownership (Instr. 4)

Code

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Class B Common Stock

⁽³⁾

Class A Common Stock

1,892

Child's proportionate partnership interest shares held by AMR Associates LP⁽²⁾

Class B Common Stock

⁽³⁾

Class A Common Stock

8,879

Trustee of JCB 2020 GST trust fbo daughter. Reflects proportionate interest held in shares in RAII⁽²⁾

Class B Common Stock

⁽³⁾

Class A Common Stock

18,104

child's proportionate limited partnership interests in shares held by Rankin Associates II, L.P⁽²⁾

Class B Common Stock

⁽³⁾

Class A Common Stock

461

child's proportionate interests held in shares in Rankin Associates V⁽²⁾

Class B Common Stock

⁽³⁾

Class A Common Stock

634

Child's proportionate interest in shares held by Rankin Associates VI⁽²⁾

Class B Common Stock

⁽³⁾

Class A Common Stock

1,892

Child's proportionate partnership interest shares held by AMR Associates LP⁽²⁾

Class B Common Stock

⁽³⁾

Class A Common Stock

8,880

Trustee of JCB 2020 GST trust fbo son. Reflects proportionate interest held in shares in RAII⁽²⁾

Class B Common Stock

⁽³⁾

Class A Common Stock

18,416

child's proportionate limited partnership interests in shares held by Rankin Associates II, L.P⁽²⁾

Class B Common Stock

⁽³⁾

Class A Common Stock

461

child's proportionate interests held in shares in Rankin Associates V⁽²⁾

Class B Common Stock

⁽³⁾

Class A Common Stock

634

Child's proportionate interest in shares held by Rankin Associates VI⁽²⁾

Class B Common Stock

⁽³⁾

Class A Common Stock

147,481

proportionate partnership interest shares held by AMR Associates LP

Class B Common Stock

⁽³⁾

Class A Common Stock

20,160

Serves as Trustee of BTR 2020 GST trust fbo Helen Butler

Class B Common Stock

⁽³⁾

Class A Common Stock

41,679

Reporting Person serves as Trustee of GSTs for the benefit of Helen R. Butler

Class B Common Stock

⁽³⁾

Class A Common Stock

52,321

proportionate limited partnership interest in shares held by Rankin Associates I, L.P.

Class B Common Stock

⁽³⁾

Class A Common Stock

85,056

proportionate limited partnership interests in shares held by Rankin Associates IV, L.P.

Class B Common Stock

⁽³⁾

Class A Common Stock

146

Reporting person's proportionate interest in shares held by Rankin Associates VI

Class B Common Stock

⁽³⁾

Class A Common Stock

2,800

Individual Retirement Account for the benefit of the Reporting Person's spouse⁽²⁾

Date

Price Target

Rating

Analyst

6/5/2024

$90.00

Market Perform → Outperform

Northland Capital

12/5/2023

$85.00

Buy

ROTH MKM

11/15/2023

$80.00

Outperform

Northland Capital

10/12/2022

$36.00

Neutral → Buy

Sidoti

3/2/2022

$85.00 → $75.00

Buy

EF Hutton

Member of a Group Butler Helen Rankin was granted 948 shares (SEC Form 4)

Crush Q3 2025 with the Best AI Superconnector

Recent Analyst Ratings for
$HY

Member of a Group Butler Helen Rankin was granted 948 shares (SEC Form 4)

Crush Q3 2025 with the Best AI Superconnector

Recent Analyst Ratings for
$HY

$HY
Analyst Ratings

Hyster-Yale upgraded by Northland Capital with a new price target

ROTH MKM initiated coverage on Hyster-Yale with a new price target

Northland Capital initiated coverage on Hyster-Yale with a new price target

$HY
SEC Filings

Hyster-Yale Inc. filed SEC Form 8-K: Results of Operations and Financial Condition, Regulation FD Disclosure, Financial Statements and Exhibits

Hyster-Yale Inc. filed SEC Form 8-K: Results of Operations and Financial Condition, Regulation FD Disclosure, Financial Statements and Exhibits

SEC Form 10-Q filed by Hyster-Yale Inc.

$HY
Insider Trading

Director Batcheler Colleen was granted 948 shares (SEC Form 4)

Director Collar Gary L was granted 1,586 shares, increasing direct ownership by 45% to 5,118 units (SEC Form 4)

Member of a Group Rankin Claiborne R was granted 948 shares (SEC Form 4)

$HY
Press Releases

HYSTER-YALE DECLARES QUARTERLY DIVIDEND

HYSTER-YALE ANNOUNCES SECOND QUARTER 2025 RESULTS

HYSTER-YALE ANNOUNCES DATES OF SECOND QUARTER 2025 EARNINGS RELEASE AND WEBCAST

$HY
Financials

HYSTER-YALE DECLARES QUARTERLY DIVIDEND

HYSTER-YALE ANNOUNCES SECOND QUARTER 2025 RESULTS

HYSTER-YALE DECLARES QUARTERLY DIVIDEND

$HY
Large Ownership Changes

SEC Form SC 13D/A filed by Hyster-Yale Materials Handling Inc. (Amendment)

SEC Form SC 13D/A filed by Hyster-Yale Materials Handling Inc. (Amendment)

SEC Form SC 13D/A filed by Hyster-Yale Materials Handling Inc. (Amendment)

$HY
Leadership Updates

Hyster-Yale Group Announces Dealer Territory Change in Tennessee Hyster Brand

HYSTER-YALE ANNOUNCES APPOINTMENT OF LIFTONE AS DEALER FOR THE ATLANTA MARKET

Hyster-Yale Materials Handling, Inc. Announces Appointment Of Rajiv Prasad As President

Member of a Group Butler Helen Rankin was granted 948 shares (SEC Form 4)

Crush Q3 2025 with the Best AI Superconnector

Recent Analyst Ratings for $HY

Member of a Group Butler Helen Rankin was granted 948 shares (SEC Form 4)

Crush Q3 2025 with the Best AI Superconnector

Recent Analyst Ratings for $HY

$HY Analyst Ratings

Hyster-Yale upgraded by Northland Capital with a new price target

ROTH MKM initiated coverage on Hyster-Yale with a new price target

Northland Capital initiated coverage on Hyster-Yale with a new price target

$HY SEC Filings

Hyster-Yale Inc. filed SEC Form 8-K: Results of Operations and Financial Condition, Regulation FD Disclosure, Financial Statements and Exhibits

Hyster-Yale Inc. filed SEC Form 8-K: Results of Operations and Financial Condition, Regulation FD Disclosure, Financial Statements and Exhibits

SEC Form 10-Q filed by Hyster-Yale Inc.

$HY Insider Trading

Director Batcheler Colleen was granted 948 shares (SEC Form 4)

Director Collar Gary L was granted 1,586 shares, increasing direct ownership by 45% to 5,118 units (SEC Form 4)

Member of a Group Rankin Claiborne R was granted 948 shares (SEC Form 4)

$HY Press Releases

HYSTER-YALE DECLARES QUARTERLY DIVIDEND

HYSTER-YALE ANNOUNCES SECOND QUARTER 2025 RESULTS

HYSTER-YALE ANNOUNCES DATES OF SECOND QUARTER 2025 EARNINGS RELEASE AND WEBCAST

$HY Financials

HYSTER-YALE DECLARES QUARTERLY DIVIDEND

HYSTER-YALE ANNOUNCES SECOND QUARTER 2025 RESULTS

HYSTER-YALE DECLARES QUARTERLY DIVIDEND

$HY Large Ownership Changes

SEC Form SC 13D/A filed by Hyster-Yale Materials Handling Inc. (Amendment)

SEC Form SC 13D/A filed by Hyster-Yale Materials Handling Inc. (Amendment)

SEC Form SC 13D/A filed by Hyster-Yale Materials Handling Inc. (Amendment)

$HY Leadership Updates

Hyster-Yale Group Announces Dealer Territory Change in Tennessee Hyster Brand

HYSTER-YALE ANNOUNCES APPOINTMENT OF LIFTONE AS DEALER FOR THE ATLANTA MARKET

Hyster-Yale Materials Handling, Inc. Announces Appointment Of Rajiv Prasad As President

Recent Analyst Ratings for
$HY

Recent Analyst Ratings for
$HY

$HY
Analyst Ratings

$HY
SEC Filings

$HY
Insider Trading

$HY
Press Releases

$HY
Financials

$HY
Large Ownership Changes

$HY
Leadership Updates