HL Form 4: Director Boggs Converts Deferred Awards to 13,659 Shares

Rhea-AI Filing Summary

Catherine J. Boggs, a director of Hecla Mining Company (HL), reported transactions on Form 4 dated October 1, 2025. Ms. Boggs received distributions of 7,406 shares (from a June 2021 award) and 6,253 shares (from a July 2023 award) that had been deferred into an Equiniti Trust; those distributions total 13,659 shares and were elected for distribution on October 1, 2025. The filing shows Ms. Boggs' reported direct beneficial holdings at 256,225 shares and holdings remaining in the EQ trust at 109,449 shares. The Form 4 was signed by an attorney-in-fact on behalf of Ms. Boggs.

Positive

• 13,659 shares were distributed to Ms. Boggs from the Directors Stock Plan trust on 10/01/2025, converting deferred awards into direct ownership.
• The filing documents compliance with the Directors Stock Plan and the reporter's prior deferral elections, showing clear administration of director compensation.

Negative

• None.

Insights

Financial Analyst

TL;DR: Routine director stock distribution increased direct shareholdings by 13,659 shares; no purchases or sales for cash reported.

The Form 4 documents deferred stock awards from the Hecla Mining Directors Stock Plan being distributed from an Equiniti Trust to the reporting director. These are non-cash, plan-related distributions rather than open-market trades, so they do not signal opportunistic buying or selling by the insider. The impact on ownership percentages should be evaluated against total outstanding shares, but the filing itself represents an administrative change in form of ownership.

Corporate Governance Expert

TL;DR: Administrative distribution of deferred director awards; consistent with shareholder compensation governance practices.

The filing indicates compliance with the Directors Stock Plan elections to defer awards into an EQ trust and a subsequent election to distribute those deferred shares. This reflects routine director compensation processing and adherence to plan terms. There is no indication of accelerated vesting, special transactions, or deviations from plan rules in the disclosure provided.

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

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Boggs Catherine J

(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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
10/01/2025

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

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	10/01/2025		J		7,406(1)	A	$0	249,972(2)	D
Common Stock	10/01/2025		J		6,253(3)	A	$0	256,225(4)	D
Common Stock	10/01/2025		J		13,659(5)	D	$0	109,449(6)	I	Held in EQ trust

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

Explanation of Responses:

1. Ms. Boggs was awarded 29,625 shares in June 2021 under the Hecla Mining Company Stock Plan for Nonemployee Directors ("Directors Stock Plan"). In December 2020, Ms. Boggs elected to defer 25% of any shares she may be awarded in 2021 into the trust held by Equiniti Trust Company ("EQ"). 7,406 shares from the June 2021 award were deferred to the trust held by EQ. Under the terms of the Directors Stock Plan, the shares are held by EQ until a director either retires, terminates from the board, death, or a date chosen at least two years from the date of grant. Ms. Boggs elected a distribution of the 7,406 shares held in the trust on October 1, 2025.

2. Total number of shares held directly by Ms. Boggs.

3. Ms. Boggs was awarded 25,013 shares in July 2023 under the Directors Stock Plan. In December 2022, Ms. Boggs elected to defer 25% of any shares she may be awarded in 2023 into the trust held by EQ. 6,253 shares from the July 2023 award were deferred to the trust held by EQ. Under the terms of the Directors Stock Plan, the shares are held by EQ until a director either retires, terminates from the board, death, or a date chosen at least two years from the date of grant. Ms. Boggs elected a distribution of the 6,253 shares held in the trust on October 1, 2025.

4. Total number of shares held directly by Ms. Boggs.

5. Total number of shares distributed from Directors Stock Plan trust held by EQ to Ms. Boggs to be held directly.

6. Total number of shares held by EQ under the Directors Stock Plan trust.

	Tami D. Whitman, Attorney-in-Fact for Catherine J. Boggs	10/01/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What transactions did Catherine J. Boggs report on the Form 4 for HL?

The Form 4 reports distributions of 7,406 shares (from June 2021) and 6,253 shares (from July 2023), totaling 13,659 shares, distributed on 10/01/2025.

How many HL shares does Ms. Boggs beneficially own directly after the reported transactions?

The filing shows Ms. Boggs' direct beneficial ownership as 256,225 shares following the reported transactions.

How many HL shares remain in the Equiniti Trust under the Directors Stock Plan?

The filing discloses 109,449 shares held in the Equiniti Trust under the Directors Stock Plan.

Were the reported transactions open-market trades or distributions from a plan?

These were distributions from the Directors Stock Plan trust (Equiniti Trust), not open-market purchases or sales for cash.

Who signed the Form 4 filing for Catherine J. Boggs?

The Form 4 was signed by Tami D. Whitman, Attorney-in-Fact for Catherine J. Boggs on 10/01/2025.