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Hecla Mining Insider Filing: New RSUs & Performance Rights for VP Absolom

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Hecla Mining Company (HL) – Form 4 insider filing for 06/23/2025

Vice-President & Principal Accounting Officer Stuart M. Absolom reported three equity transactions and one new derivative grant, all effected on 23 June 2025 and filed on 25 June 2025.

  • Tax withholding (Code F): 7,376 common shares were withheld by the company to satisfy tax on previously-granted restricted stock units (RSUs). No open-market sale occurred; price recorded as $0.
  • New RSU award (Code A): 17,182 RSUs were granted at a reference price of $5.82. The award vests in three equal tranches on 21 Jun 2026, 21 Jun 2027 and 21 Jun 2028.
  • 401(k) plan addition (Code J): 1,227.194 plan units, estimated as 14,693 common shares, were credited to the executive’s 401(k) under the company’s Capital Accumulation Plan.
  • Performance rights (derivative): 17,182 performance-based stock units were awarded, convertible into common shares on 1 Jan 2028. Payout ranges from $100,000–$200,000 in stock depending on Hecla’s three-year total shareholder return versus peers.

Post-transaction ownership
• Direct: 13,197 common shares, 36,676 unvested RSUs, 36,524 performance-based units (total shown on Form 4 as 86,397).
• Indirect: 14,693 shares via 401(k).
• Derivative: 17,182 new performance rights.

The filing reflects routine executive compensation activity—no open-market buying or selling—and modestly increases the officer’s equity exposure, further aligning his incentives with shareholder returns.

Positive

  • Performance-based equity grant links compensation to three-year TSR, reinforcing shareholder alignment.
  • Net increase in insider holdings (RSUs plus 401(k) units) signals continuing executive exposure to the stock.

Negative

  • None.

Insights

TL;DR Routine equity awards increase officer’s holdings; no open-market purchase or sale; limited market impact.

Stuart Absolom received 17,182 RSUs and identical-sized performance rights while 7,376 shares were withheld for taxes. Net beneficial ownership rose, but the transactions are compensation-related, not discretionary buying. Because awards are already in the share-count forecast and aggregate to less than 0.01 % of Hecla’s shares, dilution and signaling impact are negligible. Investors may view performance-linked units positively as they tie compensation to relative TSR, yet the absence of an open-market purchase tempers bullish interpretations. Overall, I classify the filing as neutral for the share-price outlook.

TL;DR Filing shows standard pay-for-performance structure; governance alignment intact.

The grant structure—time-based RSUs plus performance rights capped at 200 % of target—mirrors common governance best practices, balancing retention with performance alignment. The 401(k) accumulation and absence of discretionary sales further strengthen alignment. Withholding shares for taxes is a standard, non-signal event. Given Hecla’s size, the share count involved is immaterial for dilution or voting control. I therefore assess the governance impact as neutral, leaning slightly positive because of clear TSR linkage.

Insider Absolom Stuart Maurice
Role Vice President & PAO
Type Security Shares Price Value
Grant/Award Performance rights 17,182 $0.00 $0.00
Exercise Price or Tax Liability Common Stock 7,376 $0.00 $0.00
Grant/Award Common Stock 17,182 $5.82 $100K
Other Common Stock 14,693 $0.00 $0.00
Holdings After Transaction: Performance rights — 86,397 shares (Direct); Common Stock — 86,397 shares (Direct); Common Stock — 14,693 shares (Indirect, 401(k) Plan)
Footnotes (7)
  1. F1. Mr. Absolom was awarded (i) 22,573 restricted stock units on June 21, 2022; 19,802 restricted stock units on June 21, 2023, and 19,342 restricted stock units on June 21, 2024. One-third of those restricted stock units vested on June 23, 2025. To cover his tax liability on those vested units, Hecla Mining Company withheld 7,376 shares.
  2. F2. Consists of 13,197 shares held directly, 36,524 performance-based units, and 36,676 unvested restricted stock units.
  3. F3. Award of restricted stock units that vest as follows: 5,728 shares on June 21, 2026, 5,727 shares on June 21, 2027, and 5,727 shares on June 21, 2028.
  4. F4. See footnote 2.
  5. F5. Held as 1,227.194 units in Mr. Absolom's 401(k) account under the Hecla Mining Company Capital Accumulation Plan and estimated to be 14,693 shares.
  6. F6. 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, 2025 to December 21, 2027) 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. F7. See footnote 2.

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

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Form 4 Insider Transactions: What Each Field Means →

FAQ

What transactions did Hecla Mining (HL) disclose in the 25 Jun 2025 Form 4?
Three equity events: 7,376 shares withheld for taxes, 17,182 new RSUs, and 14,693 shares credited to the executive’s 401(k), plus 17,182 performance rights.

How many Hecla Mining shares does VP Stuart Absolom now own?
After the reported transactions he beneficially owns 86,397 direct shares and 14,693 indirect shares via 401(k), plus derivative units.

What are the vesting dates for the 17,182 RSUs granted to Absolom?
The RSUs vest in three equal parts: 5,728 shares on 21 Jun 2026, 5,727 on 21 Jun 2027, and 5,727 on 21 Jun 2028.

Did the executive sell any Hecla Mining shares?
No open-market sale occurred; the only disposition was company tax withholding of 7,376 shares.

How is the performance rights payout determined?
Payout ranges from $100k to $200k in stock based on Hecla’s TSR rank against peers from 1 Jan 2025 to 21 Dec 2027.
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*
Absolom Stuart Maurice
(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)
Vice President & PAO
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 7,376(1) D $0 86,397(2) D
Common Stock 06/23/2025 A 17,182(3) A $5.82 86,397(4) D
Common Stock 06/23/2025 J 14,693(5) A $0 14,693 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 17,182(6) 01/01/2028 01/01/2028 Common Stock 17,182 $0 86,397(7) D
Explanation of Responses:
1. Mr. Absolom was awarded (i) 22,573 restricted stock units on June 21, 2022; 19,802 restricted stock units on June 21, 2023, and 19,342 restricted stock units on June 21, 2024. One-third of those restricted stock units vested on June 23, 2025. To cover his tax liability on those vested units, Hecla Mining Company withheld 7,376 shares.
2. Consists of 13,197 shares held directly, 36,524 performance-based units, and 36,676 unvested restricted stock units.
3. Award of restricted stock units that vest as follows: 5,728 shares on June 21, 2026, 5,727 shares on June 21, 2027, and 5,727 shares on June 21, 2028.
4. See footnote 2.
5. Held as 1,227.194 units in Mr. Absolom's 401(k) account under the Hecla Mining Company Capital Accumulation Plan and estimated to be 14,693 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, 2025 to December 21, 2027) 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 M. Absolom 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.
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.

Source: View Original Filing on SEC EDGAR