HL Form 4: Tax Withholding and New Equity Awards for CEO

Rhea-AI Filing Summary

Hecla Mining (NYSE:HL) CEO & President Robert Krcmarov filed a Form 4 disclosing equity-compensation activity dated 06/23/2025.

• Restricted stock units: 176,976 RSUs granted at $5.82; vest in three equal tranches on 6/21/2026-2028.
• Performance rights: 217,354 contingent shares valued between $1.27 M – $2.53 M, tied to 3-year relative TSR.
• Tax withholding: 25,851 shares
• 401(k): 969 shares added through the company plan.

After these transactions, Krcmarov beneficially holds 700,065 shares/units. Activity reflects routine executive compensation; no open-market buys or sells were reported.

06/25/2025 - 06:25 PM

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^*

Krcmarov Robert

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
06/23/2025

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	06/23/2025		F		25,851(1)	D	$5.82	700,065(2)	D
Common Stock	06/23/2025		A		176,976(3)	A	$5.82	700,065(4)	D
Common Stock	06/23/2025		J		969(5)	A	$0	969	I	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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Performance rights	$0	06/23/2025		A		217,354(6)		01/01/2028	01/01/2028	Common Stock	217,354	$0	700,065(7)	D

Explanation of Responses:

1. Mr. Krcmarov was awarded (i) 126,926 restricted stock units on January 15, 2025, and (ii) a one-time grant of 166,359 restricted stock units on January 15, 2025. One-third of those restricted stock units vested on June 23, 2025 (with the 126,926 restricted stock units being prorated). to cover his tax liability on those bested units, Hecla Mining Company withheld 25,851 shares.

2. Consists of 67,903 shares held directly, 217,354 performance-based units, and 414,808 unvested restricted stock units.

3. Award of restricted stock units that vest as follows: 58,992 shares on June 21, 2026; 58,992 shares on June 21, 2027; and 58,992 shares on June 21, 2028.

4. See footnote 2.

5. Held as 80.946 units in Mr. Krcmarov's 401(k) account under the Hecla Mining Company Capital Accumulation Plan and estimated to be 969 shares.

6. Mr. Krcmarov was awarded performance rights representing the contingent right to receive between $1,265,000 and $2,530,000 worth of Hecla Mining Company common stock based on Hecla Mining Company's total Shareholder Return performance over the 3-year period (January 1, 2025 to December 31, 2027) relative to our peers. Examples of the potential grant of shares to Mr. Krcmarov under this plan are as follows: 100th percentile rank among peers = maximum award at 200% of target ($2,530,000 in stock); 50th percentile rank among peers = target award at grant value ($1,265,000 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 Robert Krcmarov	06/25/2025
	** 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.
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FAQ

What insider transactions did HL's CEO report on June 23 2025?

Robert Krcmarov received 176,976 RSUs and 217,354 performance rights, surrendered 25,851 shares for taxes, and added 969 shares to his 401(k).

How many HL shares does CEO Robert Krcmarov own after the filing?

He beneficially owns 700,065 shares/units, including direct shares, unvested RSUs and performance rights.

What is the vesting schedule for the 176,976 RSUs granted to HL's CEO?

The RSUs vest in three equal tranches of 58,992 shares on June 21, 2026, 2027 and 2028.

What performance criteria apply to the 217,354 performance rights disclosed by HL?

Payout ranges from $1.27 M to $2.53 M in stock, contingent on Hecla’s 3-year total shareholder return versus peers.