Hecla VP receives stock awards, shares withheld for tax

Hecla Mining vice president of corporate development Robert Denis Brown reported equity compensation awards and related tax withholding, with no open-market trading.

Rhea-AI Filing Summary

Hecla Mining vice president of corporate development Robert Denis Brown reported equity compensation awards and related tax withholding, with no open-market trading. He received 20,424 restricted stock units and 20,424 performance rights on common stock, and the company withheld 27,043 shares to cover taxes on previously vested restricted stock units. Earlier grants of 37,030, 60,479 and 54,124 restricted stock units partially vested on June 22, 2026. After these transactions, Brown’s holdings total 594,056 shares and rights, including 382,364 shares held directly, 135,027 unvested performance-based rights and 76,665 unvested restricted stock units.

Insider Trade Summary

3 transactions reported

Mixed 3 txns

Insider Brown Robert Denis

Role VP - Corporate Development

Type	Security	Shares	Price	Value
Grant/Award	Performance rights	20,424	$0.00	$0.00
Exercise Price or Tax Liability	Common Stock	27,043	$15.98	$432K
Grant/Award	Common Stock	20,424	$15.98	$326K

Holdings After Transaction: Performance rights — 594,056 contracts (Direct); Common Stock — 594,056 shares (Direct)

Footnotes (6)

1. F1. Mr. Brown was awarded (i) 37,030 restricted stock units on June 21, 2023, (ii) 60,479 restricted stock units on June 21, 2024, and (iii) 54,124 restricted stock units on June 23, 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 27,043 shares.
2. F2. Consists of 382,364 shares held directly, 135,027 unvested performance-based rights, and 76,665 unvested restricted stock units.
3. F3. Award of restricted stock units that vest as follows: 6,808 shares on June 21, 2027, 6,808 shares on June 21, 2028, and 6,808 shares on June 21, 2029.
4. F4. See footnote 2.
5. F5. Mr. Brown was awarded performance rights representing the contingent right to receive between $326,375 and $652,750 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. Brown under this plan are as follows: 100th percentile rank among peers = maximum award at 200% of target ($652,750 in stock); 50th percentile rank among peers = target award at grant value ($326,375 in stock), and 0 percentile rank among peers = threshold award below 25% of target.
6. F6. See footnote 2.

Key Figures

Restricted stock units granted: 20,424 units Performance rights granted: 20,424 rights Shares withheld for taxes: 27,043 shares +3 more

6 metrics

Restricted stock units granted 20,424 units Award to Robert Denis Brown on June 22, 2026

Performance rights granted 20,424 rights Derivative award on common stock on June 22, 2026

Shares withheld for taxes 27,043 shares Withheld to cover tax liability on vested RSUs

Post-transaction holdings 594,056 shares/rights Total position after reported awards and withholding

Performance rights value range $326,375–$652,750 Contingent stock value based on 2026–2028 TSR

Direct share holdings 382,364 shares Shares held directly after transactions

Key Terms

restricted stock units, performance rights, Total Shareholder Return, tax liability, +1 more

5 terms

restricted stock units financial

"Mr. Brown was awarded (i) 37,030 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. Brown 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.

Total Shareholder Return financial

"based on Hecla Mining Company's Total Shareholder Return performance over the 3-year period"

Total shareholder return is the overall gain an investor gets from owning a stock, combining changes in the share price plus any cash payouts like dividends, and assuming those payouts are reinvested in more shares. Investors use it like a single score that shows the true return on their investment—similar to checking both the growth of a savings account and the interest earned—to compare how well different companies or investments perform over time.

tax liability financial

"To cover his tax liability on those vested units, Hecla Mining Company withheld 27,043 shares."

unvested restricted stock units financial

"Consists of 382,364 shares held directly, 135,027 unvested performance-based rights, and 76,665 unvested restricted stock units."

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transactions did Hecla Mining (HL) report for Robert Denis Brown?

Hecla Mining reported that VP Robert Denis Brown received stock-based compensation and had shares withheld for taxes. He was granted 20,424 restricted stock units and 20,424 performance rights, while 27,043 shares were withheld to cover tax liabilities on previously vested units.

How many Hecla Mining (HL) shares does Robert Denis Brown hold after this Form 4?

After these transactions, Robert Denis Brown’s position totals 594,056 shares and rights. This includes 382,364 shares held directly, 135,027 unvested performance-based rights, and 76,665 unvested restricted stock units, reflecting both current ownership and unvested equity awards.

Were any of Robert Denis Brown’s Hecla Mining (HL) transactions open-market buys or sells?

The reported transactions are equity awards and tax withholding, not open-market trades. Brown received restricted stock units and performance rights, while Hecla Mining withheld 27,043 shares to satisfy tax obligations on vested units, a standard non-market compensation practice.

What new equity awards did Robert Denis Brown receive from Hecla Mining (HL)?

Brown received 20,424 restricted stock units and 20,424 performance rights tied to Hecla Mining common stock. The restricted stock units vest in three equal installments of 6,808 shares in 2027, 2028 and 2029, aligning compensation with multi-year performance and retention.

How are Robert Denis Brown’s Hecla Mining (HL) performance rights structured?

The performance rights represent a contingent grant valued between $326,375 and $652,750 in Hecla stock. The final amount depends on Total Shareholder Return performance from January 1, 2026 to December 31, 2028 relative to peers, with higher peer ranking increasing the award.

Why did Hecla Mining (HL) withhold 27,043 shares from Robert Denis Brown?

Hecla Mining withheld 27,043 shares to cover Brown’s tax liability on vested restricted stock units. One-third of his 2023, 2024 and 2025 restricted stock unit grants vested on June 22, 2026, triggering tax obligations satisfied through share withholding instead of cash payment.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 06/24/2026 - 08:42 PM EDT Learn about SEC filing dates

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
Estimated average burden
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^*

Brown Robert Denis

(Last) (First) (Middle)

6500 N MINERAL DR

SUITE 200

(Street)

COEUR D ALENE IDAHO 83815

(City) (State) (Zip)

UNITED STATES

(Country)

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 - Corporate Development

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/22/2026

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

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

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

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	06/22/2026		F		27,043(1)	D	$15.98	594,056(2)	D
Common Stock	06/22/2026		A		20,424(3)	A	$15.98	594,056(4)	D

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	06/22/2026		A		20,424(5)		01/01/2029	01/01/2029	Common Stock	20,424	$0	594,056(6)	D

Explanation of Responses:

1. Mr. Brown was awarded (i) 37,030 restricted stock units on June 21, 2023, (ii) 60,479 restricted stock units on June 21, 2024, and (iii) 54,124 restricted stock units on June 23, 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 27,043 shares.

2. Consists of 382,364 shares held directly, 135,027 unvested performance-based rights, and 76,665 unvested restricted stock units.

3. Award of restricted stock units that vest as follows: 6,808 shares on June 21, 2027, 6,808 shares on June 21, 2028, and 6,808 shares on June 21, 2029.

4. See footnote 2.

5. Mr. Brown was awarded performance rights representing the contingent right to receive between $326,375 and $652,750 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. Brown under this plan are as follows: 100th percentile rank among peers = maximum award at 200% of target ($652,750 in stock); 50th percentile rank among peers = target award at grant value ($326,375 in stock), and 0 percentile rank among peers = threshold award below 25% of target.

6. See footnote 2.

	Tami D. Whitman, Attorney-in-Fact for Robert D. Brown	06/24/2026
	** 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.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)