[Form 4/A] HECLA MINING CO/DE/ Amended Insider Trading Activity

Rhea-AI Filing Summary

Hecla Mining (HL) insider Stuart M. Absolom reported an amendment to Form 4 reflecting equity vesting and awards on June 23, 2025. One-third of previously granted restricted stock units from 2022–2024 vested, and the company withheld 6,101 shares to cover tax withholding. Following the transactions Mr. Absolom beneficially owns 87,672 shares (consisting of 14,472 held directly, 36,524 performance-based units and 36,676 unvested RSUs) plus an estimated 14,693 shares held in his 401(k). He was also awarded performance rights convertible into stock based on Total Shareholder Return for the 2025–2027 period and additional RSUs that vest in 2026–2028.

Positive

• Equity alignment: Grant of performance rights links executive pay to Total Shareholder Return over 2025–2027, promoting pay-for-performance
• Retained ownership: Mr. Absolom continues to hold a substantial position (87,672 shares) plus estimated 14,693 401(k) shares, maintaining insider alignment with shareholders

Negative

• None.

Insights

Compensation & Governance Analyst

TL;DR: Routine executive equity vesting and incentive grants that align pay with TSR performance.

The filing documents standard annual equity compensation activity: vesting of multi-year restricted stock units and the grant of performance rights tied to Total Shareholder Return versus peers. Withholding of 6,101 shares to satisfy tax obligations is an administrative action, not a sale. The remaining beneficial ownership (87,672 shares plus 401(k) holdings) maintains meaningful equity alignment. The performance rights covering 2025–2027 create a pay-for-performance link through potential stock awards paid in shares.

Securities Compliance Specialist

TL;DR: Amended Form 4 corrects insider ownership records after vesting; transactions appear compliant and informational.

The amendment clarifies vesting events and the components of reported beneficial ownership. Transaction codes include withholding (F), acquisition (A) for newly vested/awarded units, and a joint filing entry for 401(k) holdings. No open-market dispositions or nonroutine transfers are reported. The amendment date and signature by an attorney-in-fact indicate procedural correction rather than novel corporate action.

SEC Form 4

FORM 4

UNITED 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
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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^*

Absolom Stuart Maurice

(Last) (First) (Middle)

6500 N MINERAL DR

SUITE 200

(Street)

COEUR D ALENE ID 83815

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
HECLA MINING CO/DE/ [ HL ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	VP - Principal Acctg. Officer

3. Date of Earliest Transaction (Month/Day/Year)
06/23/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)
06/25/2025

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	06/23/2025		F		6,101(1)	D	$0	87,672(2)	D
Common Stock	06/23/2025		A		17,182(3)	A	$5.82	87,672(4)	D
Common Stock	06/23/2025		J		14,693(5)	A	$0	14,693	I	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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Performance rights	$0	06/23/2025		A		17,182(6)		01/01/2028	01/01/2028	Common Stock	87,672	$0	87,672(7)	D

Explanation of Responses:

1. Mr. Absolom was awarded (i) 22,573 restricted stock units on June 21, 2022; 19,802 restricted stock units on June 21, 2023, and 19,342 restricted stock units on June 21, 2024. One-third of those restricted stock units vested on June 23, 2025. To cover his tax liability on those vested units, Hecla Mining Company withheld 6,101 shares.

2. Consists of 14,472 shares held directly, 36,524 performance-based units, and 36,676 unvested restricted stock units.

3. Award of restricted stock units that vest as follows: 5,728 shares on June 21, 2026, 5,727 shares on June 21, 2027, and 5,727 shares on June 21, 2028.

4. See footnote 2.

5. Held as 1,227.194 units in Mr. Absolom's 401(k) account under the Hecla Mining Company Capital Accumulation Plan and estimated to be 14,693 shares.

6. Mr. Absolom was awarded performance rights representing the contingent right to receive between $100,000 and $200,000 worth of Hecla Mining Company common stock based on Hecla Mining Company's Total Shareholder Return performance over the 3-year period (January 1, 2025 to December 31, 2027) relative to our peers. Examples of the potential grant of shares to Mr. Absolom under this plan are as follows: 100th percentile rank among peers = maximum award at 200% of target ($200,000 in stock); 50th percentile rank among peers = target award at grant value ($100,000 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 Stuart M. Absolom	09/15/2025
	** Signature of Reporting Person	Date
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.
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FAQ

What transactions did Stuart M. Absolom report on the HL Form 4/A?

He reported vesting of RSUs on 06/23/2025, withholding of 6,101 shares for taxes, acquisition of 17,182 performance rights, and recognition of 14,693 estimated 401(k) shares.

How many shares does Mr. Absolom beneficially own after the reported transactions?

He beneficially owns 87,672 shares (14,472 direct, 36,524 performance-based units, 36,676 unvested RSUs) plus an estimated 14,693 shares in his 401(k) account.

What are the terms of the performance rights awarded to Mr. Absolom?

Performance rights cover 01/01/2025–12/31/2027 and convert to stock based on TSR ranking versus peers, with potential awards ranging from below 25% of target to 200% of target (examples: 50th percentile = $100,000 in stock; 100th = $200,000).

Why were 6,101 shares withheld on 06/23/2025?

Hecla withheld 6,101 vested shares to cover Mr. Absolom’s tax liability on the vested restricted stock units.

When do the newly awarded restricted stock units vest?

New RSUs vest in tranches: 5,728 shares on 06/21/2026, 5,727 on 06/21/2027, and 5,727 on 06/21/2028.