Brown Robert Denis 4

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.