Hecla Mining (NYSE: HL) VP reports RSU vesting, tax withholding and new equity grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Hecla Mining VP of Sustainability Patrick Shay Malone reported routine equity compensation and plan-related transactions in company stock. On June 22, 2026, one-third of prior restricted stock unit awards vested, and Hecla withheld 17,846 shares to cover his tax liability, rather than selling shares in the market. A separate adjustment moved an estimated 2,307 shares into his 401(k) plan account. Malone also received a new grant of 19,548 restricted stock units, which are scheduled to vest in three equal installments of 6,516 shares on June 21, 2027, June 21, 2028, and June 21, 2029. Following these transactions, he directly holds 200,945 common shares and indirectly holds 2,307 shares in the 401(k) plan, in addition to substantial unvested performance-based rights and restricted stock units described in the footnotes.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
Malone Patrick Shay
Role
VP - Sustainability
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 19,548 | $0.00 | -- |
| Tax Withholding | Common Stock | 17,846 | $15.98 | $285K |
| Grant/Award | Common Stock | 19,548 | $15.98 | $312K |
| Other | Common Stock | 2,307 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 200,945 shares (Direct, null);
Common Stock — 2,307 shares (Indirect, Held in 401(k) Plan)
Footnotes (1)
- Mr. Malone was awarded 51,869 restricted stock units on June 23, 2025, and 73,650 restricted stock units on July 15, 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 17,846 shares. Consists of 23,994 shares held directly, 2,307 shares in 401(k) Plan, 71,417 unvested performance-based rights, and 103,227 unvested restricted stock units. Award of restricted stock units that vest as follows: 6,516 shares on June 21, 2027, 6,516 shares on June 21, 2028, and 6,516 shares on June 21, 2029. See footnote 2. Held as 192.951 units in Mr. Malone's 401(k) account under the Hecla Mining Company Capital Accumulation Plan and estimated to be 2,307 shares. Mr. Malone was awarded performance rights representing the contingent right to receive between $312,375 and $624,750 worth of 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. Malone under this plan are as follows: 100th percentile rank among peers = maximum award at 200% of target ($624,750 in stock); 50th percentile rank among peers = target award at grant value ($312,375 in stock), and 0 percentile rank among peers = threshold award below 25% target. See footnote 2.
Key Figures
Tax withholding shares: 17,846 shares
New RSU grant: 19,548 restricted stock units
Direct holdings after transaction: 200,945 shares
+5 more
8 metrics
Tax withholding shares
17,846 shares
Shares withheld to cover tax liability on vested RSUs
New RSU grant
19,548 restricted stock units
Award vesting in three installments from 2027 to 2029
Direct holdings after transaction
200,945 shares
Common stock held directly after June 22, 2026 transactions
401(k) plan holdings
2,307 shares
Estimated shares held through 192.951 units in 401(k) plan
2025 RSU awards
51,869 and 73,650 RSUs
Restricted stock units awarded on June 23, 2025 and July 15, 2025
Unvested performance-based rights
71,417 rights
Unvested performance-based rights referenced in footnotes
Unvested RSUs
103,227 units
Unvested restricted stock units referenced in footnotes
Performance rights value range
$312,375–$624,750
Potential stock value based on Total Shareholder Return over 2026–2028
Key Terms
restricted stock units, performance-based rights, Total Shareholder Return, tax liability, +1 more
5 terms
restricted stock units financial
"Mr. Malone was awarded 51,869 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 rights financial
"Consists of 23,994 shares held directly ... and 71,417 unvested performance-based rights"
tax liability financial
"To cover his tax liability on those vested units, Hecla Mining Company withheld 17,846 shares"
Capital Accumulation Plan financial
"units in Mr. Malone's 401(k) account under the Hecla Mining Company Capital Accumulation Plan"
FAQ
What insider transactions did Hecla Mining (HL) VP Patrick Malone report?
Patrick Malone reported routine equity compensation transactions, including vested restricted stock units, tax withholding in shares, a 401(k) plan adjustment, and a new restricted stock unit grant. These changes reflect compensation and plan mechanics rather than open-market buying or selling of Hecla Mining common stock.
What new restricted stock unit grant did Patrick Malone receive from Hecla Mining (HL)?
Patrick Malone received 19,548 new restricted stock units in Hecla Mining common stock. These units vest in three equal tranches of 6,516 shares each on June 21, 2027, June 21, 2028, and June 21, 2029, aligning his compensation with longer-term company performance.
What performance-based equity awards does Patrick Malone have at Hecla Mining (HL)?
Footnotes state Patrick Malone holds performance rights tied to achieving between $312,375 and $624,750 in Hecla Mining stock, based on Total Shareholder Return from January 1, 2026 to December 31, 2028 versus peers. Payout levels vary with percentile performance relative to that peer group.