[144] HECLA MINING CO/DE/ SEC Filing
Hecla Mining Company (HL) filing a Form 144 notifies intent to sell 148,500 shares of common stock on the NYSE through Wells Fargo with an aggregate market value of $1,636,470.00. The filing reports total shares outstanding of 669,983,628 and an approximate sale date of 09/22/2025. The shares to be sold were acquired through various equity awards and incentive plans: vested restricted stock units, vested performance-based units, long-term incentive plan performance shares, and short-term incentive plan awards, with acquisition dates ranging from 06/21/2022 to 06/21/2024. The filer reports no securities sold in the past three months and includes the standard representation about possession of material nonpublic information.
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Insights
TL;DR: Officer/director intends to sell award-derived shares worth $1.64M, representing a very small portion of outstanding stock.
The proposed sale of 148,500 shares valued at $1,636,470 is disclosed under Form 144 and will occur on the NYSE via Wells Fargo. The shares originated from compensation awards between 2022 and 2024 rather than open-market purchases, indicating these are unlocked equity awards being monetized. Relative to the issuer's reported outstanding shares of 669,983,628, the position is immaterial on an absolute basis. The filing contains no disclosure of other recent sales and includes the routine certification regarding material nonpublic information. This is a standard insider liquidity notice with limited direct implications for company fundamentals.
TL;DR: Routine disclosure of planned insider sale from vested awards; governance procedures appear followed.
The Form 144 lists multiple tranches of equity-derived compensation as the acquisition source, consistent with executive incentive programs. Use of a broker and the inclusion of the certification about material nonpublic information align with compliance expectations. There is no indication of unusual timing, accelerations, or aggregated related-party sales. Given the small size relative to total shares outstanding and absence of prior three-month sales, this filing appears to reflect routine executive liquidity rather than a governance red flag.