Company: NC
Filing Date: 2025-04-07
Form Type: DEF 14A
Source: 0000789933-25-000012
Chunk: 57

Company: NACCO INDUSTRIES INC
Filing Date: 2025-04-07
Form: DEF 14A
Chunk 57
---
306,512 |                                                                                   |     | $1,206,748 |                                                                               |     | $1,201,842 |                                                                                    |     | $106.75 |                |     |   $74,158,000 |

(1) J.C. Butler, Jr.was our principal executive officer (“PEO”) for the full year for each covered year. Carroll L. Dewing and John D. Neumann were our non-PEO named executive officers for each covered year. The

<div align='center'>34</div>

information in columns (b) and (d) of this PVP Table comes directly from this and prior years' Summary Compensation Tables, without adjustment.

(2) For 2024, in determining both the compensation "actually paid" ("CAP") to our PEO and the average CAP to our non-PEO named executive officers for purposes of this PVP Table, we deducted from or added back to the total amounts of compensation reported in column (b) or (d) for such Covered Year the following amounts:

| Item and Value Added (Deducted)                                               |     |         2024 |
| For J.C. Butler, Jr.:                                                         |     |              |
| minus SCT “Stock Awards” column value                                         |     | $(1,725,191) |
| plus year-end fair value of outstanding equity awards granted in Covered Year |     |   $1,599,664 |
| For Non-PEO Named Executive Officers (Average):                               |     |              |
| minus SCT “Stock Awards” column value                                         |     |   $(255,431) |
| plus year-end fair value of outstanding equity awards granted in Covered Year |     |     $236,845 |

Please note that, while similar adjustment information was provided in our 2024 proxy statement for 2022 and 2023, under applicable SEC guidance, repeating such adjustment information is not required in this proxy statement because it is not material to our stockholders' understanding of the information reported in the PVP table for 2024 or the relationship disclosures provided below.

(3) For each covered year, our total shareholder return was calculated as the yearly percentage change in our cumulative total shareholder return on our common stock, par value of $ 1.00per share, measured as the quotient of (a) the sum of (i) the cumulative amount of dividends for a period beginning with our closing price on NYSE on December 31, 2021 through and