NACCO Industries SVP Sells $86,661 in Stock

Insider transaction represents a 23% decrease in position

Published on Mar. 9, 2026

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NACCO Industries, Inc. (NYSE:NC) SVP Thomas Maxwell sold 1,785 shares of the company's stock on March 9th, 2026 at an average price of $48.55 for a total transaction value of $86,661.75. Following the sale, Maxwell now directly owns 5,944 shares in the company, valued at $288,581.20.

Why it matters

Insider selling transactions can provide insight into management's confidence in a company's outlook and valuation. This sale represents a 23.09% decrease in Maxwell's position, which may signal a bearish sentiment about NACCO's near-term prospects.

The details

The transaction was disclosed in a filing with the SEC. NACCO Industries is a diversified holding company with operations in coal mining and material-handling system design and manufacturing. The company's stock has traded between $30.00 and $59.42 over the past 52 weeks.

  • The shares were sold on Monday, March 9th, 2026.

The players

Thomas Maxwell

SVP of NACCO Industries, Inc.

NACCO Industries, Inc.

A diversified holding company with operations in coal mining and material-handling system design and manufacturing.

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What they’re saying

“We must not let individuals continue to damage private property in San Francisco.”

— Robert Jenkins, San Francisco resident (San Francisco Chronicle)

The takeaway

This insider sale transaction suggests NACCO's management may have a more cautious outlook on the company's near-term prospects, though the overall fundamentals of the diversified industrial holding company remain stable.