Hecla Mining (HL) COO nets shares after performance award and tax withholding

Rhea-AI Filing Summary

Hecla Mining senior vice president and COO Russell Douglas Lawlar exercised performance-based stock rights and had shares withheld for taxes. On June 21, 2023 he had been granted 29,609 performance rights tied to total shareholder return for the period from January 1, 2023 to December 31, 2025. Based on the company’s shareholder return ranking, his award vested at 100% of target, resulting in 29,609 common shares being issued at a reference price of $5.05 per share. Of these, 14,377 shares of common stock were withheld at a price of $24.63 per share to cover tax liabilities, leaving him with 196,446 directly held common shares and 127,652 unvested restricted stock units.

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^*

Lawlar Russell Douglas

(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		29,609(4)	A	$0	210,823(5)	D
Common Stock	03/02/2026		F		14,377(6)	D	$24.63	196,446(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		29,609(1)(2)		12/31/2025	12/31/2025	Common Stock	29,609	$0	136,579(3)	D

Explanation of Responses:

1. On June 21, 2023, Mr. Lawlar was awarded performance rights. The performance rights represented a contingent right to receive between $74,763 and $299,050 worth of Hecla Mining Company common stock based on Hecla's Total Shareholder Return performance over the 3-year period (January 1, 2023 to December 31, 2025), based on the following percentile rank within Hecla's peer group companies: (1) 100th percentile rank among peers = maximum award at 200% of target ($299,050 in stock); 40th to 60th percentile rank among peers = target at grant value ($149,525 in stock); and 25th percentile rank among peers = threshold award at 50% of target ($74,763 in stock).

2. In reporting the number of performance rights at the time of the award, Mr. Lawlar assumed a target (i.e., $149,525 in stock), with the common stock valued at the closing price on the day of the award ($5.05), and therefore reported an award of 29,609 performance rights. Based on Hecla Mining Company's total shareholder return ranking, Mr. Lawlar's award value was 100% and he therefore received 29,609 shares in settlement of the award (with the shares valued at the $5,.05 closing price on June 21, 2023).

3. Consists of outstanding performance rights.

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

5. Consists of 83,171 shares held directly, and 127,652 unvested restricted stock units.

6. Shares withheld for tax liability on 29,609 performance rights that vested.

7. Consists of 68,794 shares held directly, and 127,652 unvested restricted stock units.

	Tami D. Whitman, Attorney-in-Fact for Russell D. Lawlar	03/04/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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FAQ

What insider transactions did Hecla Mining (HL) report for Russell Douglas Lawlar?

Hecla Mining reported that Sr. Vice President and COO Russell Douglas Lawlar exercised 29,609 performance rights into common stock and had 14,377 shares withheld to satisfy tax liabilities, leaving a substantial direct shareholding and unvested restricted stock units.

How many Hecla Mining (HL) performance rights vested for Russell Douglas Lawlar?

29,609 performance rights vested for Russell Douglas Lawlar. These rights converted into 29,609 shares of Hecla Mining common stock at a referenced closing price of $5.05 per share from the original June 21, 2023 grant tied to total shareholder return performance.

Why were 14,377 Hecla Mining (HL) shares disposed of in Russell Douglas Lawlar’s Form 4?

The 14,377 Hecla Mining shares shown as a disposition were withheld to cover tax liabilities on 29,609 vested performance rights. This is a tax-withholding transaction, not an open-market sale, and is reported under transaction code F in the insider filing.

What equity holdings does Russell Douglas Lawlar have after these Hecla Mining (HL) transactions?

After the reported transactions, Russell Douglas Lawlar directly holds 68,794 Hecla Mining common shares and 127,652 unvested restricted stock units. These figures reflect shares delivered from vested performance rights, net of the shares withheld to cover associated tax obligations.

How was the value of Russell Douglas Lawlar’s Hecla Mining (HL) performance award determined?

The performance award was originally valued using a target of $149,525 in Hecla Mining stock, based on a $5.05 closing price, equating to 29,609 performance rights. Final delivery of 29,609 shares reflects a 100% target payout under the company’s total shareholder return criteria.