Brown Robert Denis 4

4 · HECLA MINING CO/DE/ · Filed Jun 24, 2026

AI-generated summary of this filing

Updated Jun 25, 2026

Hecla (HL) VP Robert Brown Receives Stock Award; Shares Withheld for Taxes

What Happened

Robert Denis Brown, VP – Corporate Development at Hecla Mining (HL), had one-third of his restricted stock units vest on June 22, 2026. The company withheld 27,043 shares to cover his tax liability (disposed, F-code) — 27,043 shares x $15.98 = $432,147 withheld. On the same date he was also granted performance-based awards totaling 20,424 shares (reported at $15.98 per share, $326,376 grant value) and a related contingent/derivative award of 20,424 performance rights (reported at $0.00 initial price).

Key Details

Transaction date: June 22, 2026. Filing date: June 24, 2026 (Form 4 filed within the usual 2-business-day window).
Sale/Withholding: 27,043 shares withheld at $15.98 for taxes — proceeds/value ≈ $432,147 (transaction code F).
Awards/Acquisitions: 20,424 shares reported at $15.98 (≈ $326,376) and 20,424 derivative/performance rights reported at $0.00 (transaction code A).
Shares owned after transaction (per filing): 382,364 shares held directly; 135,027 unvested performance-based rights; 76,665 unvested restricted stock units (footnote F2).
Vesting background (footnote F1/F3/F5): The withheld shares relate to RSUs awarded in 2023–2025 where one-third vested 6/22/2026. Remaining RSUs have scheduled vesting through 2027–2029. The performance rights grant has target value ≈ $326,375 and a potential payout up to ≈ $652,750 depending on Total Shareholder Return vs. peers over 2026–2028.

Context

This filing reflects routine tax withholding on vested RSUs (not an open‑market sale) plus the grant of performance-based awards. The derivative/performance rights are contingent — final share payout depends on future TSR performance. These award transactions are compensation-related and do not necessarily indicate the insider’s view on near-term stock direction.

Form 4

Period: 2026-06-22

VP - Corporate Development

Transactions

Tax Payment
Common Stock
[F1][F2]
2026-06-22$15.98/sh−27,043$432,147→ 594,056 total
Award
Common Stock
[F3][F4]
2026-06-22$15.98/sh+20,424$326,376→ 594,056 total
Award
Performance rights
[F5][F6]
2026-06-22+20,424→ 594,056 total
Exercise: $0.00From: 2029-01-01Exp: 2029-01-01→ Common Stock (20,424 underlying)

Footnotes (6)

[F1]Mr. Brown was awarded (i) 37,030 restricted stock units on June 21, 2023, (ii) 60,479 restricted stock units on June 21, 2024, and (iii) 54,124 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 27,043 shares.
[F2]Consists of 382,364 shares held directly, 135,027 unvested performance-based rights, and 76,665 unvested restricted stock units.
[F3]Award of restricted stock units that vest as follows: 6,808 shares on June 21, 2027, 6,808 shares on June 21, 2028, and 6,808 shares on June 21, 2029.
[F4]See footnote 2.
[F5]Mr. Brown was awarded performance rights representing the contingent right to receive between $326,375 and $652,750 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. Brown under this plan are as follows: 100th percentile rank among peers = maximum award at 200% of target ($652,750 in stock); 50th percentile rank among peers = target award at grant value ($326,375 in stock), and 0 percentile rank among peers = threshold award below 25% of target.
[F6]See footnote 2.

Signature

Tami D. Whitman, Attorney-in-Fact for Robert D. Brown|2026-06-24

1 file