Lawlar Russell Douglas 4

What Happened Russell D. Lawlar, Senior Vice President & Chief Financial Officer of Hecla Mining (HL), had 79,437 shares withheld to cover tax withholding on vested restricted stock units (disposition for $1,269,403) and received new equity awards on June 22, 2026. The filing reports: 79,437 shares disposed at $15.98 (tax withholding, $1,269,403); a grant of 24,640 performance‑based shares valued at $15.98 each ($393,747); a separate grant of 24,640 restricted stock units (derivative, $0 reported) that vest over 2027–2029; and an acquisition of ~1,130 shares held in his 401(k) account.

Key Details

• Transaction date(s): June 22, 2026; Form 4 filed June 24, 2026 (timely — within required reporting window).
• Sale/Withholding: 79,437 shares withheld at $15.98 per share for taxes (code F) — proceeds/withholding ≈ $1,269,403.
• Awards/Acquisitions: 24,640 performance rights valued at $15.98 each (~$393,747, code A); 24,640 time‑based RSUs granted (derivative, code A at $0) that vest 8,214 on 6/21/2027, 8,213 on 6/21/2028, and 8,213 on 6/21/2029 (see footnote F3).
• 401(k): 94.472 units in plan estimated as 1,130 shares acquired (code J, footnote F5).
• Holdings after transactions (per footnote F2): 49,624 shares held directly, 161,219 performance‑based units, and 91,965 unvested restricted stock units (total beneficial units reported).
• Notable footnotes: F1 explains the withholding was to cover tax liability on vested RSUs from awards in 2023–2025; F6 describes the performance rights pay out between ~$393,750 and ~$787,500 in stock depending on 3‑year TSR performance.

Context This report mainly documents routine vesting and company compensation actions rather than an open‑market sale. The 79,437‑share disposition is a tax withholding on vested RSUs (not an independent sale). The performance rights are contingent awards tied to relative Total Shareholder Return through 2028 and may convert to shares only if performance thresholds are met; the time‑based RSUs vest in tranches through 2029. Such filings are standard when executives receive and settle equity compensation; they do not, by themselves, indicate a change in the executive’s broader view of the company.