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Hecla Mining (NYSE: HL) VP receives RSU grant and tax share withholding

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
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 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)
  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.
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
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..."
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 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.
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SEC Form 4
FORM 4UNITED 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*
Absolom Stuart Maurice

(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)
Director10% Owner
XOfficer (give title below)Other (specify below)
Vice President & PAO
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/22/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Common Stock06/22/2026F7,070(1)D$15.9895,259(2)D
Common Stock06/22/2026A6,258(3)A$15.9895,259(4)D
Common Stock06/22/2026J16,613(5)A$016,613IHeld in 401(k) Plan
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Common Stock$006/22/2026A6,258(6)01/01/202901/01/2029Common Stock6,258$095,259(7)D
Explanation of Responses:
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.
2. 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.
3. 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.
4. See footnote 2.
5. 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.
6. 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.
7. See footnote 2.
Tami D. Whitman, Attorney-in-Fact for Stuart Absolom06/25/2025
** Signature of Reporting PersonDate
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)

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.

How many Hecla Mining shares were withheld for Stuart Absolom’s tax liability?

Hecla Mining withheld 7,070 common shares to cover Stuart Absolom’s tax liability on vested restricted stock units. This withholding is recorded as a tax-related disposition, not an open-market sale, and reflects shares used to satisfy income tax obligations arising from equity awards.

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.

How many Hecla Mining shares does Stuart Absolom hold through his 401(k) plan?

Stuart Absolom’s 401(k) account holds units estimated to represent 16,613 Hecla Mining common shares. These shares are classified as indirectly owned through the company’s Capital Accumulation Plan rather than directly held in a regular brokerage or personal account.

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.

How many total Hecla Mining shares does Stuart Absolom hold after these transactions?

After these transactions, Stuart Absolom’s holdings consist of 11,705 shares held directly, 16,613 shares through his 401(k) plan, 42,782 unvested performance-based rights, and 24,159 unvested restricted stock units, illustrating a substantial portion of his stake is in unvested equity awards.