STOCK TITAN

[Form 4] Hecla Mining Company Insider Trading Activity

Filing Impact
(Low)
Filing Sentiment
(Negative)
Form Type
4
Rhea-AI Filing Summary

Hecla Mining Company (HL) filed a Form 4 disclosing insider transactions by Senior Vice-President & Chief Operating Officer Carlos Roberto Aguiar Rodriguez on 23 June 2025.

  • Restricted stock units (RSUs): Mr. Aguiar received 65,399 RSUs (Code A) at a reference price of $5.82. These RSUs vest in three equal annual tranches beginning 21 June 2026 and ending 21 June 2028.
  • Tax-withholding disposition: To cover tax on previously vested RSUs, the company withheld 10,150 shares (Code F) at $5.82.
  • 401(k) allocation: 10,035 shares were credited to the executive’s 401(k) plan (Code J), reflecting 838.167 plan units.
  • Performance rights: 65,399 performance rights (exercise price $0) were granted. Payout ranges from $380,625 (target) to $761,250 (200% of target) based on total shareholder-return ranking over 1 Jan 2025–31 Dec 2027. The rights settle in common shares on 1 Jan 2028.

After these transactions Mr. Aguiar’s direct holdings are 327,462 common shares, comprising 84,457 directly held shares, 134,855 performance-based units and 108,150 unvested RSUs. He also holds 10,035 shares indirectly through the 401(k) plan.

Investor take-away: The filing reflects routine executive compensation activity—vesting, tax withholding and new incentive awards—rather than open-market buying or selling. While the additional equity aligns management incentives with shareholders, the share issuance is modest relative to Hecla’s total float and is therefore unlikely to be materially dilutive.

Hecla Mining Company (HL) ha presentato un Modulo 4 che rende note le transazioni interne effettuate dal Senior Vice-President e Chief Operating Officer Carlos Roberto Aguiar Rodriguez il 23 giugno 2025.

  • Unità azionarie vincolate (RSU): Il Sig. Aguiar ha ricevuto 65.399 RSU (Codice A) a un prezzo di riferimento di 5,82$. Queste RSU maturano in tre tranche annuali uguali a partire dal 21 giugno 2026 fino al 21 giugno 2028.
  • Ritenuta fiscale: Per coprire le tasse sulle RSU già maturate, la società ha trattenuto 10.150 azioni (Codice F) al prezzo di 5,82$.
  • Allocazione 401(k): 10.035 azioni sono state accreditate nel piano 401(k) dell’esecutivo (Codice J), corrispondenti a 838,167 unità di piano.
  • Diritti di performance: Sono stati concessi 65.399 diritti di performance (prezzo di esercizio 0$). Il pagamento varia da 380.625$ (obiettivo) a 761.250$ (200% dell’obiettivo) in base alla classifica del rendimento totale per gli azionisti nel periodo 1 gennaio 2025–31 dicembre 2027. I diritti saranno convertiti in azioni ordinarie il 1 gennaio 2028.

Dopo queste operazioni, le partecipazioni dirette del Sig. Aguiar ammontano a 327.462 azioni ordinarie, comprendendo 84.457 azioni detenute direttamente, 134.855 unità basate sulla performance e 108.150 RSU non ancora maturate. Detiene inoltre 10.035 azioni indirettamente tramite il piano 401(k).

Considerazioni per l’investitore: Il documento riflette attività di compensazione esecutiva di routine — maturazione, ritenuta fiscale e nuove assegnazioni di incentivi — piuttosto che acquisti o vendite sul mercato aperto. Sebbene l’equity aggiuntiva allinei gli incentivi della direzione con quelli degli azionisti, l’emissione di azioni è modesta rispetto al flottante totale di Hecla e quindi improbabile che abbia un effetto diluitivo significativo.

Hecla Mining Company (HL) presentó un Formulario 4 revelando transacciones internas realizadas por el Vicepresidente Senior y Director de Operaciones Carlos Roberto Aguiar Rodriguez el 23 de junio de 2025.

  • Unidades de acciones restringidas (RSU): El Sr. Aguiar recibió 65,399 RSU (Código A) a un precio de referencia de 5,82$. Estas RSU se consolidan en tres partes iguales anuales desde el 21 de junio de 2026 hasta el 21 de junio de 2028.
  • Retención fiscal: Para cubrir impuestos sobre RSU previamente consolidadas, la empresa retuvo 10,150 acciones (Código F) a 5,82$.
  • Asignación 401(k): Se acreditaron 10,035 acciones en el plan 401(k) del ejecutivo (Código J), equivalentes a 838.167 unidades del plan.
  • Derechos de rendimiento: Se otorgaron 65,399 derechos de rendimiento (precio de ejercicio 0$). El pago varía entre 380,625$ (objetivo) y 761,250$ (200% del objetivo) basado en la clasificación del rendimiento total para accionistas durante el 1 de enero de 2025 al 31 de diciembre de 2027. Los derechos se liquidan en acciones ordinarias el 1 de enero de 2028.

Tras estas transacciones, las participaciones directas del Sr. Aguiar son 327,462 acciones ordinarias, que incluyen 84,457 acciones poseídas directamente, 134,855 unidades basadas en rendimiento y 108,150 RSU no consolidadas. También posee 10,035 acciones indirectamente a través del plan 401(k).

Conclusión para el inversor: La presentación refleja actividades rutinarias de compensación ejecutiva — consolidación, retención fiscal y nuevas concesiones de incentivos — más que compras o ventas en el mercado abierto. Aunque la equidad adicional alinea los incentivos de la gerencia con los accionistas, la emisión de acciones es modesta en relación con el flotante total de Hecla y, por tanto, poco probable que cause una dilución material.

Hecla Mining Company(HL)는 2025년 6월 23일 선임 부사장 겸 최고운영책임자(COO) Carlos Roberto Aguiar Rodriguez의 내부자 거래를 공시하는 Form 4를 제출했습니다.

  • 제한 주식 단위(RSUs): Aguiar 씨는 기준 가격 5.82달러로 65,399 RSU(Code A)를 받았습니다. 이 RSU는 2026년 6월 21일부터 2028년 6월 21일까지 3년에 걸쳐 균등하게 권리가 발생합니다.
  • 세금 원천징수 처리: 이전에 권리가 발생한 RSU에 대한 세금을 충당하기 위해 회사는 5.82달러에 10,150주(Code F)를 원천징수했습니다.
  • 401(k) 할당: 임원의 401(k) 플랜(Code J)에 10,035주가 적립되었으며, 이는 838.167 플랜 단위에 해당합니다.
  • 성과 권리: 행사가격 0달러의 65,399 성과 권리가 부여되었습니다. 지급액은 2025년 1월 1일부터 2027년 12월 31일까지의 총주주수익률 순위에 따라 380,625달러(목표)에서 761,250달러(목표의 200%)까지 변동합니다. 권리는 2028년 1월 1일에 보통주로 정산됩니다.

이 거래 후 Aguiar 씨의 직접 보유 주식은 327,462 보통주로, 직접 보유 주식 84,457주, 성과 기반 단위 134,855주, 아직 권리가 발생하지 않은 RSU 108,150주를 포함합니다. 또한 401(k) 플랜을 통해 간접적으로 10,035주를 보유하고 있습니다.

투자자 유의사항: 이번 공시는 권리 발생, 세금 원천징수 및 새로운 인센티브 부여 등 일상적인 경영진 보상 활동을 반영한 것으로, 공개 시장에서의 매수 또는 매도와는 다릅니다. 추가 지분은 경영진의 인센티브를 주주와 일치시키지만, 발행 주식 수는 Hecla의 전체 유통 주식 수에 비해 적어 실질적인 희석 효과는 없을 것으로 보입니다.

Hecla Mining Company (HL) a déposé un formulaire 4 divulguant des transactions d’initiés effectuées par le vice-président principal et directeur des opérations Carlos Roberto Aguiar Rodriguez le 23 juin 2025.

  • Unités d’actions restreintes (RSU) : M. Aguiar a reçu 65 399 RSU (Code A) à un prix de référence de 5,82 $. Ces RSU se libèrent en trois tranches annuelles égales à partir du 21 juin 2026 jusqu’au 21 juin 2028.
  • Disposition de retenue fiscale : Pour couvrir les impôts sur les RSU déjà acquises, la société a retenu 10 150 actions (Code F) à 5,82 $.
  • Allocation 401(k) : 10 035 actions ont été créditées au plan 401(k) de l’exécutif (Code J), correspondant à 838,167 unités de plan.
  • Droits de performance : 65 399 droits de performance (prix d’exercice 0 $) ont été accordés. Le paiement varie de 380 625 $ (objectif) à 761 250 $ (200 % de l’objectif) en fonction du classement du rendement total pour les actionnaires du 1er janvier 2025 au 31 décembre 2027. Les droits seront réglés en actions ordinaires le 1er janvier 2028.

Après ces transactions, les avoirs directs de M. Aguiar s’élèvent à 327 462 actions ordinaires, comprenant 84 457 actions détenues directement, 134 855 unités basées sur la performance et 108 150 RSU non acquises. Il détient également 10 035 actions indirectement via le plan 401(k).

À retenir pour les investisseurs : Le dépôt reflète une activité de rémunération exécutive courante — acquisition des droits, retenue fiscale et nouvelles attributions d’incitations — plutôt qu’un achat ou une vente sur le marché libre. Bien que l’équité supplémentaire aligne les incitations de la direction avec celles des actionnaires, l’émission d’actions est modeste par rapport au flottant total de Hecla et est donc peu susceptible d’être dilutive de manière significative.

Hecla Mining Company (HL) reichte am 23. Juni 2025 ein Formular 4 ein, das Insider-Transaktionen des Senior Vice President und Chief Operating Officer Carlos Roberto Aguiar Rodriguez offenlegt.

  • Beschränkte Aktienanteile (RSUs): Herr Aguiar erhielt 65.399 RSUs (Code A) zu einem Referenzpreis von 5,82$. Diese RSUs werden in drei gleichen jährlichen Tranchen vom 21. Juni 2026 bis zum 21. Juni 2028 fällig.
  • Steuerabzugsverfügung: Um die Steuern auf zuvor fällige RSUs zu decken, behielt das Unternehmen 10.150 Aktien (Code F) zu 5,82$ ein.
  • 401(k)-Zuweisung: 10.035 Aktien wurden dem 401(k)-Plan des Geschäftsführers gutgeschrieben (Code J), entsprechend 838,167 Plan-Einheiten.
  • Performance-Rechte: 65.399 Performance-Rechte (Ausübungspreis 0$) wurden gewährt. Die Auszahlung reicht von 380.625$ (Ziel) bis 761.250$ (200% des Ziels) basierend auf dem Gesamtrendite-Ranking der Aktionäre im Zeitraum 1. Januar 2025 bis 31. Dezember 2027. Die Rechte werden am 1. Januar 2028 in Stammaktien umgewandelt.

Nach diesen Transaktionen hält Herr Aguiar direkt 327.462 Stammaktien, bestehend aus 84.457 direkt gehaltenen Aktien, 134.855 performancebasierten Einheiten und 108.150 unverfallbaren RSUs. Zusätzlich hält er 10.035 Aktien indirekt über den 401(k)-Plan.

Investorenerkenntnis: Die Meldung spiegelt routinemäßige Aktivitäten der Geschäftsführungsvergütung wider — Vesting, Steuerabzug und neue Anreizzuweisungen — und nicht Käufe oder Verkäufe am offenen Markt. Obwohl die zusätzliche Eigenkapitalausgabe die Anreize des Managements mit denen der Aktionäre in Einklang bringt, ist die Aktienausgabe im Vergleich zum Gesamtbestand von Hecla gering und daher unwahrscheinlich, dass sie eine wesentliche Verwässerung verursacht.

Positive
  • Incentive alignment: 65,399 new RSUs and equal-sized performance rights increase executive equity exposure.
  • Performance-based compensation: Award tied to relative total shareholder return encourages long-term value creation.
Negative
  • Minor dilution risk: Additional shares will be issued upon vesting and performance settlement.
  • Share withholding sale: 10,150 shares disposed of to satisfy tax obligations, modestly increasing effective float.

Insights

TL;DR: Routine RSU vesting and new performance awards; aligns incentives, minimal dilution—overall neutral.

From a governance standpoint, the actions are standard components of equity-based executive pay. Granting 65,399 RSUs and equivalent performance rights deepens management’s equity exposure, which investors usually view favorably. The tax-withholding sale is automatic, not discretionary selling, signalling no change in sentiment. Share count impact is de-minimis relative to Hecla’s ~600 million shares outstanding. No 10b5-1 plan is cited, but there is also no evidence of opportunistic timing. Net effect: neutral to mildly positive due to incentive alignment.

TL;DR: Insider compensation event, not a directional trade—unlikely to move HL stock materially.

The Form 4 lacks market-moving data: no open-market purchase or discretionary sale. The $5.82 reference price merely reflects share withholding. The performance award’s upper bound ($0.76 m) is immaterial versus Hecla’s $3 bn market cap. Investors should monitor eventual TSR results, but the present grant has no immediate earnings or cash-flow impact. I classify the filing as informational only, with negligible valuation effect.

Hecla Mining Company (HL) ha presentato un Modulo 4 che rende note le transazioni interne effettuate dal Senior Vice-President e Chief Operating Officer Carlos Roberto Aguiar Rodriguez il 23 giugno 2025.

  • Unità azionarie vincolate (RSU): Il Sig. Aguiar ha ricevuto 65.399 RSU (Codice A) a un prezzo di riferimento di 5,82$. Queste RSU maturano in tre tranche annuali uguali a partire dal 21 giugno 2026 fino al 21 giugno 2028.
  • Ritenuta fiscale: Per coprire le tasse sulle RSU già maturate, la società ha trattenuto 10.150 azioni (Codice F) al prezzo di 5,82$.
  • Allocazione 401(k): 10.035 azioni sono state accreditate nel piano 401(k) dell’esecutivo (Codice J), corrispondenti a 838,167 unità di piano.
  • Diritti di performance: Sono stati concessi 65.399 diritti di performance (prezzo di esercizio 0$). Il pagamento varia da 380.625$ (obiettivo) a 761.250$ (200% dell’obiettivo) in base alla classifica del rendimento totale per gli azionisti nel periodo 1 gennaio 2025–31 dicembre 2027. I diritti saranno convertiti in azioni ordinarie il 1 gennaio 2028.

Dopo queste operazioni, le partecipazioni dirette del Sig. Aguiar ammontano a 327.462 azioni ordinarie, comprendendo 84.457 azioni detenute direttamente, 134.855 unità basate sulla performance e 108.150 RSU non ancora maturate. Detiene inoltre 10.035 azioni indirettamente tramite il piano 401(k).

Considerazioni per l’investitore: Il documento riflette attività di compensazione esecutiva di routine — maturazione, ritenuta fiscale e nuove assegnazioni di incentivi — piuttosto che acquisti o vendite sul mercato aperto. Sebbene l’equity aggiuntiva allinei gli incentivi della direzione con quelli degli azionisti, l’emissione di azioni è modesta rispetto al flottante totale di Hecla e quindi improbabile che abbia un effetto diluitivo significativo.

Hecla Mining Company (HL) presentó un Formulario 4 revelando transacciones internas realizadas por el Vicepresidente Senior y Director de Operaciones Carlos Roberto Aguiar Rodriguez el 23 de junio de 2025.

  • Unidades de acciones restringidas (RSU): El Sr. Aguiar recibió 65,399 RSU (Código A) a un precio de referencia de 5,82$. Estas RSU se consolidan en tres partes iguales anuales desde el 21 de junio de 2026 hasta el 21 de junio de 2028.
  • Retención fiscal: Para cubrir impuestos sobre RSU previamente consolidadas, la empresa retuvo 10,150 acciones (Código F) a 5,82$.
  • Asignación 401(k): Se acreditaron 10,035 acciones en el plan 401(k) del ejecutivo (Código J), equivalentes a 838.167 unidades del plan.
  • Derechos de rendimiento: Se otorgaron 65,399 derechos de rendimiento (precio de ejercicio 0$). El pago varía entre 380,625$ (objetivo) y 761,250$ (200% del objetivo) basado en la clasificación del rendimiento total para accionistas durante el 1 de enero de 2025 al 31 de diciembre de 2027. Los derechos se liquidan en acciones ordinarias el 1 de enero de 2028.

Tras estas transacciones, las participaciones directas del Sr. Aguiar son 327,462 acciones ordinarias, que incluyen 84,457 acciones poseídas directamente, 134,855 unidades basadas en rendimiento y 108,150 RSU no consolidadas. También posee 10,035 acciones indirectamente a través del plan 401(k).

Conclusión para el inversor: La presentación refleja actividades rutinarias de compensación ejecutiva — consolidación, retención fiscal y nuevas concesiones de incentivos — más que compras o ventas en el mercado abierto. Aunque la equidad adicional alinea los incentivos de la gerencia con los accionistas, la emisión de acciones es modesta en relación con el flotante total de Hecla y, por tanto, poco probable que cause una dilución material.

Hecla Mining Company(HL)는 2025년 6월 23일 선임 부사장 겸 최고운영책임자(COO) Carlos Roberto Aguiar Rodriguez의 내부자 거래를 공시하는 Form 4를 제출했습니다.

  • 제한 주식 단위(RSUs): Aguiar 씨는 기준 가격 5.82달러로 65,399 RSU(Code A)를 받았습니다. 이 RSU는 2026년 6월 21일부터 2028년 6월 21일까지 3년에 걸쳐 균등하게 권리가 발생합니다.
  • 세금 원천징수 처리: 이전에 권리가 발생한 RSU에 대한 세금을 충당하기 위해 회사는 5.82달러에 10,150주(Code F)를 원천징수했습니다.
  • 401(k) 할당: 임원의 401(k) 플랜(Code J)에 10,035주가 적립되었으며, 이는 838.167 플랜 단위에 해당합니다.
  • 성과 권리: 행사가격 0달러의 65,399 성과 권리가 부여되었습니다. 지급액은 2025년 1월 1일부터 2027년 12월 31일까지의 총주주수익률 순위에 따라 380,625달러(목표)에서 761,250달러(목표의 200%)까지 변동합니다. 권리는 2028년 1월 1일에 보통주로 정산됩니다.

이 거래 후 Aguiar 씨의 직접 보유 주식은 327,462 보통주로, 직접 보유 주식 84,457주, 성과 기반 단위 134,855주, 아직 권리가 발생하지 않은 RSU 108,150주를 포함합니다. 또한 401(k) 플랜을 통해 간접적으로 10,035주를 보유하고 있습니다.

투자자 유의사항: 이번 공시는 권리 발생, 세금 원천징수 및 새로운 인센티브 부여 등 일상적인 경영진 보상 활동을 반영한 것으로, 공개 시장에서의 매수 또는 매도와는 다릅니다. 추가 지분은 경영진의 인센티브를 주주와 일치시키지만, 발행 주식 수는 Hecla의 전체 유통 주식 수에 비해 적어 실질적인 희석 효과는 없을 것으로 보입니다.

Hecla Mining Company (HL) a déposé un formulaire 4 divulguant des transactions d’initiés effectuées par le vice-président principal et directeur des opérations Carlos Roberto Aguiar Rodriguez le 23 juin 2025.

  • Unités d’actions restreintes (RSU) : M. Aguiar a reçu 65 399 RSU (Code A) à un prix de référence de 5,82 $. Ces RSU se libèrent en trois tranches annuelles égales à partir du 21 juin 2026 jusqu’au 21 juin 2028.
  • Disposition de retenue fiscale : Pour couvrir les impôts sur les RSU déjà acquises, la société a retenu 10 150 actions (Code F) à 5,82 $.
  • Allocation 401(k) : 10 035 actions ont été créditées au plan 401(k) de l’exécutif (Code J), correspondant à 838,167 unités de plan.
  • Droits de performance : 65 399 droits de performance (prix d’exercice 0 $) ont été accordés. Le paiement varie de 380 625 $ (objectif) à 761 250 $ (200 % de l’objectif) en fonction du classement du rendement total pour les actionnaires du 1er janvier 2025 au 31 décembre 2027. Les droits seront réglés en actions ordinaires le 1er janvier 2028.

Après ces transactions, les avoirs directs de M. Aguiar s’élèvent à 327 462 actions ordinaires, comprenant 84 457 actions détenues directement, 134 855 unités basées sur la performance et 108 150 RSU non acquises. Il détient également 10 035 actions indirectement via le plan 401(k).

À retenir pour les investisseurs : Le dépôt reflète une activité de rémunération exécutive courante — acquisition des droits, retenue fiscale et nouvelles attributions d’incitations — plutôt qu’un achat ou une vente sur le marché libre. Bien que l’équité supplémentaire aligne les incitations de la direction avec celles des actionnaires, l’émission d’actions est modeste par rapport au flottant total de Hecla et est donc peu susceptible d’être dilutive de manière significative.

Hecla Mining Company (HL) reichte am 23. Juni 2025 ein Formular 4 ein, das Insider-Transaktionen des Senior Vice President und Chief Operating Officer Carlos Roberto Aguiar Rodriguez offenlegt.

  • Beschränkte Aktienanteile (RSUs): Herr Aguiar erhielt 65.399 RSUs (Code A) zu einem Referenzpreis von 5,82$. Diese RSUs werden in drei gleichen jährlichen Tranchen vom 21. Juni 2026 bis zum 21. Juni 2028 fällig.
  • Steuerabzugsverfügung: Um die Steuern auf zuvor fällige RSUs zu decken, behielt das Unternehmen 10.150 Aktien (Code F) zu 5,82$ ein.
  • 401(k)-Zuweisung: 10.035 Aktien wurden dem 401(k)-Plan des Geschäftsführers gutgeschrieben (Code J), entsprechend 838,167 Plan-Einheiten.
  • Performance-Rechte: 65.399 Performance-Rechte (Ausübungspreis 0$) wurden gewährt. Die Auszahlung reicht von 380.625$ (Ziel) bis 761.250$ (200% des Ziels) basierend auf dem Gesamtrendite-Ranking der Aktionäre im Zeitraum 1. Januar 2025 bis 31. Dezember 2027. Die Rechte werden am 1. Januar 2028 in Stammaktien umgewandelt.

Nach diesen Transaktionen hält Herr Aguiar direkt 327.462 Stammaktien, bestehend aus 84.457 direkt gehaltenen Aktien, 134.855 performancebasierten Einheiten und 108.150 unverfallbaren RSUs. Zusätzlich hält er 10.035 Aktien indirekt über den 401(k)-Plan.

Investorenerkenntnis: Die Meldung spiegelt routinemäßige Aktivitäten der Geschäftsführungsvergütung wider — Vesting, Steuerabzug und neue Anreizzuweisungen — und nicht Käufe oder Verkäufe am offenen Markt. Obwohl die zusätzliche Eigenkapitalausgabe die Anreize des Managements mit denen der Aktionäre in Einklang bringt, ist die Aktienausgabe im Vergleich zum Gesamtbestand von Hecla gering und daher unwahrscheinlich, dass sie eine wesentliche Verwässerung verursacht.

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*
Aguiar Rodriguez Carlos Roberto

(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. VP & COO
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 10,150(1) D $5.82 327,462(2) D
Common Stock 06/23/2025 A 65,399(3) A $5.82 327,462(4) D
Common Stock 06/23/2025 J 10,035(5) A $0 10,035 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 65,399(6) 01/01/2028 01/01/2028 Common Stock 65,399 $0 327,462(7) D
Explanation of Responses:
1. Mr. Aguiar was awarded (i) 15,048 restricted stock units on June 21, 2022; 31,977 restricted stock units on August 7, 2023; and 48,138 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 10,150 shares.
2. Consists of 84,457 shares held directly, 134,855 performance-based units, and 108,150 unvested restricted stock units.
3. Award of restricted stock units that vest as follows: 21,800 shares on June 21, 2026; 21,800 shares on June 21, 2027; and 21,799 shares on June 21, 2028.
4. See footnote 2.
5. Held as 838.167 units in Mr. Aguiar's 401(k) account under the Hecla Mining Company Capital Accumulation Plan and estimated to be 10,035 shares.
6. Mr. Aguiar was awarded performance rights representing the contingent right to receive between #380,625 and $761,250 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. Aguiar under this plan are as follows: 100th percentile rank among peers = maximum award at 200% of target ($761,250 in stock); 50th percentile rank among peers = target award at grant value ($380,625), and 0 percentile rank among peers = threshold award below 25% or target.
7. See footnote 2.
Tami D. Whitman, Attorney-in-Fact for Carlos Aguiar Rodriguez 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.

FAQ

How many Hecla Mining (HL) shares does COO Carlos Aguiar own after the transactions?

He directly holds 327,462 common shares plus an indirect holding of 10,035 shares through his 401(k) plan.

What was the largest acquisition reported on this Form 4?

An award of 65,399 restricted stock units granted on 23 Jun 2025 at a reference price of $5.82.

Did the executive sell any HL shares on the open market?

No. The only disposition was 10,150 shares withheld by the company to cover taxes on vested RSUs.

What are the terms of the newly granted performance rights?

The 65,399 rights vest on 1 Jan 2028 and pay out between $380,625 and $761,250 in stock based on 2025-2027 TSR ranking.

Is this transaction part of a Rule 10b5-1 trading plan?

The filing does not indicate that the transactions were made under a Rule 10b5-1 plan.
Hecla Mining Co

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Other Precious Metals & Mining
Mining & Quarrying of Nonmetallic Minerals (no Fuels)
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