Company: NC
Filing Date: 2025-04-07
Form Type: DEF 14A
Source: 0000789933-25-000012
Chunk: 51

Company: NACCO INDUSTRIES INC
Filing Date: 2025-04-07
Form: DEF 14A
Chunk 51
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 amount of salary and bonus compensation in proportion to total compensation.

We do not sponsor any stock option plans and the Company did not grant any stock options during the year ended December 31, 2024 to any person, including the NEOs.

The following table reflects the stock awards issued under the Long-Term Equity Plan for 2024 performance. No stock awards were issued under the Supplemental Equity Plan for services in 2024.

| STOCK VESTED                     
 For Year Ended December 31, 2024 |     |                     |     |                |
|:---------------------------------|:----|--------------------:|:----|---------------:|
| Named Executive Officer (1)      |     |    Number of Shares 
 Acquired on Vesting 
             (#) (2) |     | Value Realized 
     on Vesting 
        ($) (2) |
| J.C. Butler, Jr.                 |     |              48,848 |     |     $1,570,952 |
| Carroll L. Dewing                |     |               8,549 |     |       $274,936 |
| John D. Neumann                  |     |               7,336 |     |       $235,926 |

(1) The amounts shown in this table represent the net amounts received by Messrs. Butler, Dewing and Neumann. Their awards were granted pursuant to a net exercise, by which a portion of the shares of stock issued on the grant date were subject to immediate surrender to the Company to pay for the taxes associated with the stock portion of the award. Prior to the net exercise, Mr. Butler received 53,644 shares, with a fair market value of $1,725,191; no shares of stock were surrendered for the awards to Messrs. Dewing and Neumann under the Long-Term Equity Plan.

(2) The value realized on vesting is the average of the high and low price of Class A Common ($32.160) on the February 18, 2025 grant date under the Long-Term Equity Plan for the 2024 awards, multiplied by the number of award shares received when granted, which is also the vesting date.

| Potential Payments Upon Termination/Change in Control |

As discussed in more detail under Limited Change in Control Benefits for All Employees on page 25 , participants will also receive a pro-rated target award for the year of the change in control under our incentive plans.

For purposes of calculating the amount of any potential payments