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
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.
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.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Common Stock | 7,406 | $0.00 | -- |
| Other | Common Stock | 6,253 | $0.00 | -- |
| Other | Common Stock | 13,659 | $0.00 | -- |
Footnotes (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. Total number of shares held directly by Ms. Boggs. 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. Total number of shares held directly by Ms. Boggs. Total number of shares distributed from Directors Stock Plan trust held by EQ to Ms. Boggs to be held directly. Total number of shares held by EQ under the Directors Stock Plan trust.
