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Hecla Mining (NYSE: HL) CFO logs new RSU grant and 31,764-share tax withholding

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4/A

Rhea-AI Filing Summary

Hecla Mining Company’s Sr. VP & CFO Russell Douglas Lawlar reported routine equity compensation and related tax withholding transactions in common stock. He received a grant of 24,640 restricted stock units at a reference price of $15.98 per share, with an associated derivative entry for the same number of units that vest in tranches on June 21, 2027, June 21, 2028, and June 21, 2029.

To cover his tax liability on previously granted restricted stock units that vested on June 22, 2026, the company withheld 31,764 shares at $15.98 per share; this is a tax-withholding disposition, not an open-market sale. A small adjustment moved an estimated 1,130 shares into his 401(k) plan. After these transactions, he holds 97,357 shares directly, 1,130 shares in the 401(k), 161,219 performance-based units, and 91,965 unvested restricted stock units, plus performance rights tied to Total Shareholder Return that may deliver between $393,750 and $787,500 in stock depending on results over the 2026–2028 period.

Positive

  • None.

Negative

  • None.
Insider Lawlar Russell Douglas
Role Sr. VP & CFO
Type Security Shares Price Value
Grant/Award Common Stock 24,640 $0.00 --
Tax Withholding Common Stock 31,764 $15.98 $508K
Grant/Award Common Stock 24,640 $15.98 $394K
Other Common Stock 1,130 $0.00 --
Holdings After Transaction: Common Stock — 351,671 shares (Direct, null); Common Stock — 1,130 shares (Indirect, Held in 401(k) Plan)
Footnotes (1)
  1. Mr. Lawlar was awarded 44,401 restricted stock units on June 21, 2023; 71,180 restricted stock units on June 21, 2024; and 65,399 restricted stock units on June 23, 2025. One-third of those restricted stock units vested on June 22, 2026. To cover his tax liability on those vested units, Hecla Mining Company withheld 31,764 Consists of 97,357 shares held directly, 1,130 shares held in 401(k) Plan, 161,219 performance-based units, and 91,965 unvested restricted stock units. Award of restricted stock units that vest as follows: 8,214 shares on June 21, 2027; 8,213 shares on June 21, 2028; and 8,213 shares on June 21, 2029. See footnote 2. Held as 94.472 units in Mr. Lawlar's 401(k) account under the Hecla Mining Company Capital Accumulation Plan and estimated to be 1,130 shares. Mr. Lawlar was awarded performance rights representing the contingent right to receive between $393,750 and $787,500 worth in Hecla Mining Company common stock based on Hecla Mining Company's Total Shareholder Return performance over the 3-year period (January 1, 2026 to December 31, 2028) relative to our peers. Examples of the potential grant of shares to Mr. Lawlar under this plan are as follows: 100th percentile rank among peers = maximum award at 200% of target ($787,500 in stock); 50th percentile rank among peers = target award at grant value ($393,750 in stock), and 0 percentile rank among peers = threshold award below 25% of target. See footnote 2.
New RSU grant 24,640 units at $15.98 Restricted stock unit award on June 22, 2026
Tax-withheld shares 31,764 shares at $15.98 Shares withheld to cover tax liability on vested RSUs
Direct common shares 97,357 shares Directly held by Russell Lawlar after transactions
401(k) holdings 1,130 shares Estimated shares held in 401(k) plan
Performance-based units 161,219 units Performance-based equity units outstanding
Unvested RSUs 91,965 units Unvested restricted stock units after transactions
Performance rights minimum $393,750 in stock Target award at 50th percentile TSR over 2026–2028
Performance rights maximum $787,500 in stock Maximum award at 100th percentile TSR over 2026–2028
restricted stock units financial
"Mr. Lawlar was awarded 44,401 restricted stock units on June 21, 2023; 71,180 restricted stock units on June 21, 2024; and 65,399 restricted stock units on June 23, 2025."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
performance-based units financial
"Consists of 97,357 shares held directly, 1,130 shares held in 401(k) Plan, 161,219 performance-based units, and 91,965 unvested restricted stock units."
performance rights financial
"Mr. Lawlar was awarded performance rights representing the contingent right to receive between $393,750 and $787,500 worth in Hecla Mining Company common stock based on Hecla Mining Company's Total Shareholder Return performance."
Performance rights are conditional awards that give employees or executives the promise of receiving company shares or cash only if the business meets specific targets or survives for a set period. They work like a bonus you only get when certain goals are hit, so they matter to investors because they can increase the number of shares outstanding (dilution), signal management’s incentives and confidence in future results, and affect per-share earnings and valuation.
Total Shareholder Return financial
"based on Hecla Mining Company's Total Shareholder Return performance over the 3-year period (January 1, 2026 to December 31, 2028) relative to our peers."
Total shareholder return is the overall gain an investor gets from owning a stock, combining changes in the share price plus any cash payouts like dividends, and assuming those payouts are reinvested in more shares. Investors use it like a single score that shows the true return on their investment—similar to checking both the growth of a savings account and the interest earned—to compare how well different companies or investments perform over time.
tax liability financial
"To cover his tax liability on those vested units, Hecla Mining Company withheld 31,764"
401(k) account financial
"Held as 94.472 units in Mr. Lawlar's 401(k) account under the Hecla Mining Company Capital Accumulation Plan and estimated to be 1,130 shares."
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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Lawlar Russell Douglas
(Last)(First)(Middle)
6500 N. MINERAL DR.
SUITE 200
(Street)
COEUR D'ALENE IDAHO 83815
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
HECLA MINING CO/DE/ [ HL ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
Sr. VP & CFO
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/22/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)
06/24/2026
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common Stock06/22/2026F31,764(1)D$15.98351,671(2)D
Common Stock06/22/2026A24,640(3)A$15.98351,671(4)D
Common Stock06/22/2026J1,130(5)A$01,130IHeld in 401(k) Plan
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Common Stock$006/22/2026A24,640(6)01/01/202901/01/2029Common Stock24,640$0351,671(7)D
Explanation of Responses:
1. Mr. Lawlar was awarded 44,401 restricted stock units on June 21, 2023; 71,180 restricted stock units on June 21, 2024; and 65,399 restricted stock units on June 23, 2025. One-third of those restricted stock units vested on June 22, 2026. To cover his tax liability on those vested units, Hecla Mining Company withheld 31,764
2. Consists of 97,357 shares held directly, 1,130 shares held in 401(k) Plan, 161,219 performance-based units, and 91,965 unvested restricted stock units.
3. Award of restricted stock units that vest as follows: 8,214 shares on June 21, 2027; 8,213 shares on June 21, 2028; and 8,213 shares on June 21, 2029.
4. See footnote 2.
5. Held as 94.472 units in Mr. Lawlar's 401(k) account under the Hecla Mining Company Capital Accumulation Plan and estimated to be 1,130 shares.
6. Mr. Lawlar was awarded performance rights representing the contingent right to receive between $393,750 and $787,500 worth in Hecla Mining Company common stock based on Hecla Mining Company's Total Shareholder Return performance over the 3-year period (January 1, 2026 to December 31, 2028) relative to our peers. Examples of the potential grant of shares to Mr. Lawlar under this plan are as follows: 100th percentile rank among peers = maximum award at 200% of target ($787,500 in stock); 50th percentile rank among peers = target award at grant value ($393,750 in stock), and 0 percentile rank among peers = threshold award below 25% of target.
7. See footnote 2.
Tami D. Whitman, Attorney-in-Fact for Russell D. Lawlar06/24/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What equity awards did Hecla Mining (HL) CFO Russell Lawlar report?

Russell Lawlar reported a grant of 24,640 restricted stock units tied to Hecla Mining common stock at a reference price of $15.98. These units vest in three equal tranches on June 21, 2027, June 21, 2028, and June 21, 2029, subject to continued service.

How many Hecla Mining (HL) shares were withheld for Russell Lawlar’s taxes?

Hecla Mining withheld 31,764 common shares at $15.98 per share to cover Russell Lawlar’s tax liability on restricted stock units that vested on June 22, 2026. This tax-withholding is not an open-market sale and reflects mandatory settlement mechanics.

What are Russell Lawlar’s Hecla Mining (HL) holdings after these transactions?

After the reported transactions, Russell Lawlar holds 97,357 Hecla shares directly and about 1,130 shares through his 401(k). He also has 161,219 performance-based units and 91,965 unvested restricted stock units, providing significant ongoing equity exposure to company performance.

How do Russell Lawlar’s performance rights in Hecla Mining (HL) work?

Russell Lawlar was awarded performance rights that may deliver between $393,750 and $787,500 of Hecla stock. The actual payout depends on Hecla’s Total Shareholder Return from January 1, 2026 through December 31, 2028 relative to a defined peer group, using percentile-based outcomes.

What does the Form 4/A tax-withholding code F mean for Hecla Mining (HL)?

Code F on Lawlar’s Form 4/A reflects shares withheld by Hecla to pay taxes on vested equity, here 31,764 shares at $15.98. It indicates a tax-withholding disposition rather than a discretionary open-market share sale, and is common with vesting stock awards.

How are Russell Lawlar’s new restricted stock units in Hecla Mining (HL) scheduled to vest?

The newly reported 24,640 restricted stock units vest in three installments: 8,214 shares on June 21, 2027, 8,213 shares on June 21, 2028, and 8,213 shares on June 21, 2029. This staggered schedule encourages multi-year alignment with Hecla’s performance.