Hecla Mining (NYSE: HL) VP receives RSU grant and tax share withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Hecla Mining Company Vice President & PAO Stuart Maurice Absolom reported several equity compensation events in common stock. One-third of previously granted restricted stock units vested, and 7,070 shares were withheld by the company to cover his tax liability. He also received a new grant of 6,258 restricted stock units, plus a derivative award linked to the same underlying shares that vests in equal parts in 2027, 2028, and 2029. Separately, 16,613 shares are held indirectly through his 401(k) plan. After these transactions, he holds a mix of directly owned shares, 401(k) shares, unvested performance-based rights, and unvested restricted stock units.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
Absolom Stuart Maurice
Role
Vice President & PAO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 6,258 | $0.00 | -- |
| Tax Withholding | Common Stock | 7,070 | $15.98 | $113K |
| Grant/Award | Common Stock | 6,258 | $15.98 | $100K |
| Other | Common Stock | 16,613 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 95,259 shares (Direct, null);
Common Stock — 16,613 shares (Indirect, Held in 401(k) Plan)
Footnotes (1)
- Mr. Absolom was awarded (i) 19,802 restricted stock units on June 21, 2023, 19,342 restricted stock units on June 21, 2024, and 17,182 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 7,070 shares. Consists of 11,705 shares held directly, 16,613 shares in 401(k) Plan, 42,782 unvested performance-based rights, and 24,159 unvested restricted stock units. Award of restricted stock units that vest as follows: 2,086 shares on June 21, 2027, 2,086 on June 21, 2028, and 2,086 shares on June 21, 2029. See footnote 2. Held as 1,389.383 units in Mr. Absolom's 401(k) account under the Hecla Mining Company Capital Accumulation Plan and estimated to be 16,613 shares. Mr. Absolom was awarded performance rights representing the contingent right to receive between $100,000 and $200,000 worth of Hecla Mining Company common stock based on Hecla Mining Company's Total Shareholder Return performance over the 3-year period (January 1, 2026 to December 31, 2028) relative to our peers. Examples of the potential grant of shares to Mr. Absolom under this plan are as follows: 100th percentile rank among peers = maximum award at 200% of target ($200,000) in stock); 50th percentile rank among peers = target award at grant value ($100,000 in stock), and 0 percentile rank among peers = threshold award below 25% of target. See footnote 2.
Key Figures
Tax-withheld shares: 7,070 shares
New RSU grant: 6,258 units
401(k) holdings: 16,613 shares
+4 more
7 metrics
Tax-withheld shares
7,070 shares
Common stock withheld to cover tax liability on vested RSUs
New RSU grant
6,258 units
Restricted stock units awarded, vesting in 2027, 2028, and 2029
401(k) holdings
16,613 shares
Common shares estimated from 1,389.383 units in 401(k) plan
Directly held shares
11,705 shares
Common stock held directly by Stuart Absolom
Performance-based rights
42,782 rights
Unvested performance-based rights in Hecla common stock
Unvested RSUs total
24,159 units
Unvested restricted stock units in Hecla common stock
Performance award range
$100,000–$200,000
Value of stock deliverable based on Total Shareholder Return performance
Key Terms
restricted stock units, performance-based rights, Total Shareholder Return, tax liability, +1 more
5 terms
restricted stock units financial
"Mr. Absolom was awarded (i) 19,802 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-based rights financial
"Consists of 11,705 shares held directly, 16,613 shares in 401(k) Plan, 42,782 unvested performance-based rights..."
tax liability financial
"To cover his tax liability on those vested units, Hecla Mining Company withheld 7,070 shares."
401(k) Plan financial
"Held as 1,389.383 units in Mr. Absolom'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.
FAQ
What insider transactions did Hecla Mining (HL) report for Stuart Maurice Absolom?
Hecla Mining reported equity compensation activity for Stuart Maurice Absolom, including vested restricted stock units with tax withholding, a new grant of 6,258 restricted stock units, and adjustments to shares held in his 401(k) plan, all involving common stock rather than open-market trades.
What new restricted stock unit grant did Stuart Absolom receive from Hecla Mining (HL)?
Stuart Absolom received an award of 6,258 restricted stock units tied to Hecla Mining common stock. According to the disclosure, these units are scheduled to vest in three equal installments on June 21 of 2027, 2028, and 2029, aligning with the company’s long-term incentive structure.
What is the structure of Stuart Absolom’s prior restricted stock unit awards at Hecla Mining?
Stuart Absolom previously received 19,802 restricted stock units in 2023, 19,342 in 2024, and 17,182 in 2025. One-third of each award vested on June 22, 2026, creating both share deliveries and associated tax obligations handled through share withholding.
What performance-based rights does Stuart Absolom hold in Hecla Mining stock?
Stuart Absolom holds performance rights that may deliver between $100,000 and $200,000 in Hecla Mining stock. The actual payout depends on the company’s Total Shareholder Return from January 1, 2026 to December 31, 2028 relative to a defined peer group.