Hecla Mining (NYSE: HL) VP Kurt Allen granted stock and large TSR-linked award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Hecla Mining Company vice president of exploration Kurt Allen reported several equity compensation transactions. He received 19,548 shares of common stock as a grant at $15.98 per share, with 14,309 of those shares withheld to cover tax obligations.
Allen was also granted 19,548 performance rights tied to common stock, representing a contingent award valued between $312,375 and $624,750 based on Total Shareholder return performance from January 1, 2026 to December 31, 2028. In addition, 28,117 shares were reported as held in his 401(k) plan.
Following these transactions, his holdings consist of 98,378 shares held directly, 28,117 shares in the 401(k) plan, 119,555 unvested performance-based rights, and 70,173 unvested restricted stock units, reflecting a largely compensation-related update rather than open-market buying or selling.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
Allen Kurt
Role
Vice President - Exploration
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance rights | 19,548 | $0.00 | -- |
| Tax Withholding | Common Stock | 14,309 | $15.98 | $229K |
| Grant/Award | Common Stock | 19,548 | $15.98 | $312K |
| Other | Common Stock | 28,117 | $0.00 | -- |
Holdings After Transaction:
Performance rights — 316,223 shares (Direct, null);
Common Stock — 316,223 shares (Direct, null);
Common Stock — 28,117 shares (Indirect, Held in 401(k) Plan)
Footnotes (1)
- Mr. Allen was awarded (i) 32,673 restricted stock units on June 21, 2023, 48,138 restricted stock units on June 21, 2024, and 51,869 restricted stock units on June 21, 2025. Consists of 98,378 shares held directly, 28,117 in 401(k) Plan, 119,555 unvested performance-based rights, and 70,173 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 2,351.451 units in Mr. Allen's 401(k) account under the Hecla Mining Company Capital Accumulation Plan and estimated to be 28,117 shares. Mr. Allen 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. Allen 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% of target. See footnote 2.
Key Figures
Stock grant: 19,548 shares at $15.98
Tax withholding shares: 14,309 shares at $15.98
401(k) holdings: 28,117 shares
+5 more
8 metrics
Stock grant
19,548 shares at $15.98
Common stock grant to Kurt Allen on June 22, 2026
Tax withholding shares
14,309 shares at $15.98
Shares withheld to satisfy tax obligations on grant
401(k) holdings
28,117 shares
Estimated Hecla shares in Allen’s 401(k) plan
Performance rights value range
$312,375–$624,750
Contingent Hecla stock based on TSR over 2026–2028
Directly held shares
98,378 shares
Common stock held directly after transactions
Unvested performance rights
119,555 rights
Unvested performance-based rights held by Allen
Unvested RSUs
70,173 units
Unvested restricted stock units held by Allen
RSU vesting tranches
6,516 shares per year
RSUs vesting 2027, 2028, 2029 in equal installments
Key Terms
restricted stock units, performance rights, Total Shareholder return, 401(k) Plan, +2 more
6 terms
restricted stock units financial
"Mr. Allen was awarded (i) 32,673 restricted stock units on June 21, 2023..."
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 rights financial
"Mr. Allen was awarded performance rights representing the contingent right to receive..."
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.
401(k) Plan financial
"Held as 2,351.451 units in Mr. Allen's 401(k) account under the Hecla Mining Company Capital Accumulation Plan..."
A 401(k) plan is a workplace retirement account that lets employees set aside part of their pay into a tax-advantaged savings pot, often with employers adding matching contributions — like a workplace piggy bank for future income. It matters to investors because the amount people save and how employers fund these plans influence consumer spending, corporate payroll costs and the flow of money into financial markets, which can affect stock prices and company valuations.
Capital Accumulation Plan financial
"...in Mr. Allen's 401(k) account under the Hecla Mining Company Capital Accumulation Plan..."
performance-based rights financial
"Consists of 98,378 shares held directly, 28,117 in 401(k) Plan, 119,555 unvested performance-based rights..."
FAQ
What equity awards did Hecla (HL) executive Kurt Allen receive?
Kurt Allen received a grant of 19,548 shares of Hecla common stock at $15.98 per share and 19,548 performance rights. These performance rights represent a contingent stock award based on Total Shareholder return performance over the 2026–2028 period.
What is the potential value of Kurt Allen’s Hecla performance rights?
Kurt Allen’s performance rights represent between $312,375 and $624,750 of Hecla common stock. The final value depends on Hecla’s Total Shareholder return ranking versus peers from January 1, 2026 to December 31, 2028, with higher rankings yielding larger share awards.
How are Kurt Allen’s Hecla restricted stock units scheduled to vest?
One award of restricted stock units to Kurt Allen vests in three equal installments of 6,516 shares each. These tranches are scheduled to vest on June 21, 2027, June 21, 2028, and June 21, 2029, reflecting a multi-year retention and incentive structure.
What Hecla (HL) holdings does Kurt Allen report after these transactions?
After the reported transactions, Kurt Allen’s holdings consist of 98,378 Hecla shares held directly, 28,117 shares in a 401(k) plan, 119,555 unvested performance-based rights, and 70,173 unvested restricted stock units. These amounts show substantial ongoing equity-based compensation exposure.