Hecla director trust allocated 14,422 shares

Hecla Mining Company director Mark P. Board reported an internal share allocation rather than a market trade.

Rhea-AI Filing Summary

Hecla Mining Company director Mark P. Board reported an internal share allocation rather than a market trade. A trust account for him in the Hecla Mining Company Stock Plan for Nonemployee Directors was allocated 14,422 shares of common stock, valued at an average price of $8.6675 per share based on Hecla’s average 2025 closing price. Following this plan-related allocation, his indirect holdings in Hecla common stock total 62,278 shares.

Insights

Equity compensation analyst

Routine plan allocation to a director trust, not an open-market trade.

The transaction involves 14,422 shares allocated to a trust account for Mark P. Board under Hecla’s stock plan for nonemployee directors. It is coded as an “other” transaction (J), indicating internal restructuring or allocation rather than a buy or sell.

The value is based on an average closing price of $8.6675 from 2025, suggesting a formula-driven compensation mechanism. After this event, indirect holdings stand at 62,278 shares, so the move appears administrative and compensation-related, with limited informational value for trading sentiment.

Insider Trade Summary

Other: 14,422 shares

Other 1 txn

Insider Board Mark P

Role Director

Type	Security	Shares	Price	Value
Other	Common Stock	14,422	$8.6675	$125K

Holdings After Transaction: Common Stock — 62,278 shares (Indirect, See footnote 1)

Footnotes (2)

1. F1. Allocation of shares in trust to the account of Mark P. Board in the Hecla Mining Company Stock Plan for Nonemployee Directors.
2. F2. This price is the average closing price for Hecla's common stock on the New York Stock Exchange for the prior calendar year (2025).

Key Figures

Shares allocated: 14,422 shares Valuation price: $8.6675 per share Indirect holdings after: 62,278 shares +1 more

4 metrics

Shares allocated 14,422 shares Allocation to director trust under stock plan

Valuation price $8.6675 per share Average 2025 NYSE closing price for Hecla common stock

Indirect holdings after 62,278 shares Total indirect Hecla common shares following allocation

Restructuring shares 14,422 shares Shares classified as restructuring/other transaction (code J)

Key Terms

Hecla Mining Company Stock Plan for Nonemployee Directors, Common Stock, average closing price, trust

4 terms

Hecla Mining Company Stock Plan for Nonemployee Directors financial

"Allocation of shares in trust to the account of Mark P. Board in the Hecla Mining Company Stock Plan for Nonemployee Directors."

Common Stock financial

"security_title: Common Stock"

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

average closing price financial

"This price is the average closing price for Hecla's common stock on the New York Stock Exchange for the prior calendar year (2025)."

The average closing price is the arithmetic mean of a security’s end-of-day prices over a chosen period, found by adding each day’s closing price and dividing by the number of days. It smooths out daily ups and downs to show a typical market value—like averaging daily temperatures to understand a month’s climate—and helps investors spot trends, judge whether a stock is generally rising or falling, and make clearer buy or sell decisions.

trust financial

"Allocation of shares in trust to the account of Mark P. Board in the Hecla Mining Company Stock Plan for Nonemployee Directors."

A trust is a legal setup in which one party (the trustee) holds and manages assets—like cash, stocks or property—on behalf of other people (beneficiaries) according to instructions from the person who created it (the grantor). Think of it as a locked box with a keyholder who must follow written rules; for investors it matters because trusts influence who controls and benefits from assets, affect taxes and succession, and can change how quickly or transparently shares are bought, sold or voted.

FAQ

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

What did Hecla Mining (HL) director Mark P. Board report in this Form 4?

He reported an internal allocation of 14,422 Hecla common shares to a trust account under the company’s stock plan for nonemployee directors, rather than an open-market trade. This increased his indirect holdings to 62,278 shares.

Was the Hecla Mining (HL) Form 4 transaction a buy or sell of shares?

The Form 4 does not show a buy or sell. It reports an “other” transaction, allocating 14,422 shares into a trust under the nonemployee directors’ stock plan, which is an internal, compensation-related movement instead of an open-market trade.

How many Hecla Mining (HL) shares are indirectly held after this transaction?

After the reported allocation, indirect holdings associated with Mark P. Board total 62,278 Hecla common shares. These are held in a trust account linked to the company’s stock plan for nonemployee directors, reflecting accumulated plan-related equity, not a fresh market purchase.

What price was used for the Hecla Mining (HL) share allocation in the Form 4?

The allocation used an average price of $8.6675 per share. This figure represents the average closing price of Hecla’s common stock on the New York Stock Exchange for the prior calendar year 2025, indicating a formula-based valuation for the stock plan.

What is the Hecla Mining Company Stock Plan for Nonemployee Directors?

It is a stock-based compensation plan for Hecla’s nonemployee directors, under which shares may be allocated to their accounts or related trusts. The reported 14,422-share transaction reflects such an allocation, providing equity compensation instead of cash payments for board service.

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

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Accepted by SEC EDGAR 06/23/2026 - 12:18 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^*

Board Mark P

(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)

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

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		J		14,422(1)	A	$8.6675(2)	62,278	I	See footnote 1

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. Allocation of shares in trust to the account of Mark P. Board in the Hecla Mining Company Stock Plan for Nonemployee Directors.

2. This price is the average closing price for Hecla's common stock on the New York Stock Exchange for the prior calendar year (2025).

	Tami D. Whitman, Attorney-in-Fact for Mark P. Board	06/23/2026
	** 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)