Hecla Mining (NYSE: HL) COO settles 2023 performance stock award

Rhea-AI Filing Summary

Hecla Mining senior vice president and COO Carlos Roberto Aguiar Rodriguez reported equity award activity. He exercised 21,318 performance rights into 21,318 shares of common stock at $0.00 per share, based on a 100% total shareholder return outcome versus peers. To cover tax liabilities on the vested award, 6,520 shares of common stock were withheld at $24.63 per share. After these transactions, he holds 99,255 common shares directly and 108,150 unvested restricted stock units, totaling 207,405 equity-linked interests.

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).

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^*

Aguiar Rodriguez Carlos Roberto

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Sr. Vice President & COO

3. Date of Earliest Transaction (Month/Day/Year)
03/02/2026

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	03/02/2026		M		21,318(4)	A	$0	213,925(5)	D
Common Stock	03/02/2026		F		6,520(6)	A	$24.63	207,405(7)	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	03/02/2026		M		21,318(1)(2)		12/31/2025	12/31/2025	Common Stock	21,318	$0	113,537(3)	D

Explanation of Responses:

1. In August 2023, Mr. Aguiar was awarded performance rights representing the contingent right to receive between $55,000 and $220,000 worth of Hecla Mining Company common stock based on Hecla Mining Company's Total Shareholder Return performance over the 3-year period (January 1, 2023 to December 31, 2025) relative to our peers, based on the following percentile rank within Hecla's peer group companies: 100th percentile rank among peers = maximum award at 200% of target ($220,000 in stock); 40th to 60th percentile rank among peers = target at grant value ($110,000 in stock(); and 25th percentile rank among peers = threshold award at 50% of target ($55,000 in stock).

2. In reporting the number of performance rights at the time of the award, Mr. Aguiar assumed a target (i.e., $110,000 in stock), with the common stock valued at the closing price on the day of the award ($5.16), and therefore reported an award of 21,318 performance rights. Based on Hecla Mining Company's total shareholder return ranking, Mr. Aguiar's award value was 100% and he therefore received 21,318 shares in settlement of the award (with the shares valued at the $5.16 closing price on August 7, 2023).

3. Consists of outstanding performance rights.

4. See footnotes (1) and (2). Shares received upon settlement of performance rights awarded in August 2023.

5. Consists of 105,775 shares held directly, and 108,150 unvested restricted stock units.

6. Shares withheld for tax liability of 21,318 performance rights that vested.

7. Consists of 99,255 shares held directly, and 108,150 unvested restricted stock units.

	Tami D. Whitman, Attorney-in-Fact for Carlos Aguiar Rodriguez	03/04/2026
	** Signature of Reporting Person	Date
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FAQ

What insider transaction did Hecla Mining (HL) report for its COO?

Hecla Mining reported its COO exercised 21,318 performance rights into 21,318 common shares. To satisfy tax liabilities on the vested award, 6,520 shares were withheld at $24.63 per share, leaving him with 99,255 shares and 108,150 unvested restricted stock units.

How were the 21,318 performance rights for Hecla Mining (HL) COO determined?

The 21,318 performance rights were based on a target award valued at $110,000, using Hecla’s $5.16 closing price on the August 7, 2023 grant date. The final payout reflected 100% of target, driven by total shareholder return ranking versus Hecla’s peer group.

What is the value range of the COO’s 2023 performance rights at Hecla Mining (HL)?

The 2023 performance rights could deliver between $55,000 and $220,000 of Hecla common stock. The range depends on three-year total shareholder return from January 1, 2023 to December 31, 2025, compared with peers, with 200% of target at the 100th percentile outcome.

How many Hecla Mining (HL) shares does the COO hold after this Form 4?

Following the reported transactions, the COO holds 99,255 Hecla common shares directly and 108,150 unvested restricted stock units. Together these positions total 207,405 equity-linked interests, reflecting both currently owned shares and time- or performance-based stock awards that remain unvested.

Were any of the Hecla Mining (HL) COO’s Form 4 transactions open-market sales?

No open-market sales were reported. One transaction reflects exercising 21,318 performance rights into common shares, and another reflects 6,520 shares withheld at $24.63 to cover tax liabilities, a tax-withholding disposition rather than a discretionary sale in the open market.