Company: NC
Filing Date: 2025-04-07
Form Type: DEF 14A
Source: 0000789933-25-000012
Chunk: 36

Company: NACCO INDUSTRIES INC
Filing Date: 2025-04-07
Form: DEF 14A
Chunk 36
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 his 2024 salary midpoint (57.5% and 184% including a 15% increase in target percentages to reflect the immediately taxable nature of the equity awards). The table below shows the long-term target awards and payouts approved by the CHC Committee for each NEO for 2024:

| Named Executive Officer |     |             -A) 
 Salary Midpoint 
              ($ |     | -B)                                             
 Long-Term Plan Target as a % of Salary Midpoint 
 ($) (1                                          |     |        -C)= (A) x (B) 
 Long-Term Plan Target 
                    ($ |     | -D) Long-Term Plan Payout as a% of Target 
 (%                                        |     |                          -E)=(C) x (D) 
 Cash-Denominated Long-Term Plan Payout 
                                 ($) (2 |     |                                                        -F) 
 Fair Market Value of Long-Term Plan Payout          ($) (3 |
| J.C. Butler, Jr.        |     |        $865,100 |     | 184.0%                                          |     |            $1,591,784 |     | 158.3%                                    |     |                             $2,519,794 |     |                                                 $2,607,127 |
| Carroll L. Dewing       |     |        $401,100 |     | 63.3%                                           |     |              $253,696 |     | 158.3%                                    |     |                               $401,600 |     |                                                   $415,519 |
| John D. Neumann         |     |        $378,600 |     | 57.5%                                           |     |              $217,695 |     | 158.3%                                    |     |                               $344,611 |     |                                                   $356,555 |

(1) The target percentages for participants in the Long-Term Equity Plan include a 15% increase from the Korn Ferry-recommended long-term plan target awards that the CHC Committee applies each year to account for the immediately taxable nature of the Long-Term Equity Plan awards.

(2) Awards under the Long-Term Equity Plan are initially denominated in dollars. The amounts shown in columns (C) and (E) reflect the dollar-denominated target and actual awards. This is the amount that is used by the CHC Committee when analyzing the total compensation of the NEOs. As a result, these awards incentivize performance during the year,