Allen Kurt 4
4 · HECLA MINING CO/DE/ · Filed Jun 24, 2026
Research Summary
AI-generated summary of this filing
Hecla (HL) VP Kurt Allen Receives Awards; 14K Shares Withheld
What Happened
Kurt Allen, Vice President — Exploration at Hecla Mining (HL), received equity awards on 2026-06-22 and had shares withheld to cover tax liabilities. The filing shows: a grant of 19,548 performance-based shares valued at $15.98 each (grant value ~$312,377), a grant of 19,548 restricted stock units (RSUs) that vest 6,516 shares each on June 21 of 2027, 2028 and 2029, and an acquisition of 28,117 shares credited to his 401(k). To satisfy tax withholding/tax liability, 14,309 shares were surrendered (disposed) at $15.98 per share for proceeds of $228,658.
Key Details
- Transaction date: 2026-06-22; Form 4 filed 2026-06-24 (timely filing).
- Grants: 19,548 performance-based rights (grant value $312,377 at $15.98/share) and 19,548 RSUs (vest in three equal annual installments: 6,516 each in 2027–2029).
- Tax withholding: 14,309 shares were withheld/disposed to cover taxes (code F) at $15.98 each for $228,658.
- 401(k): 2,351.451 units in his 401(k) estimated as 28,117 shares (code J, $0 price reported).
- Reported holdings (footnote): 98,378 shares held directly; 28,117 in 401(k); 119,555 unvested performance-based rights; 70,173 unvested RSUs.
- Transaction codes explained: A = grant/award, F = tax withholding/ payment of exercise price or tax liability, J = other acquisition (401(k) units reported).
Context
- The performance rights award is contingent: at target it equals ~$312,375 in stock; payout ranges from below 25% of target (threshold) to 200% of target ($624,750) depending on Hecla’s TSR vs peers for 2026–2028.
- The RSUs are time-based and will vest in three installments (2027–2029).
- Withholding of shares for taxes is a routine administrative step and does not necessarily indicate a change in insider sentiment.
Insider Transaction Report
Form 4
Allen Kurt
Vice President - Exploration
Transactions
- Tax Payment
Common Stock
[F1][F2]2026-06-22$15.98/sh−14,309$228,658→ 316,223 total - Award
Common Stock
[F3][F4]2026-06-22$15.98/sh+19,548$312,377→ 316,223 total - Other
Common Stock
[F5]2026-06-22+28,117→ 28,117 total(indirect: By 401(k)) - Award
Performance rights
[F6][F7]2026-06-22+19,548→ 316,223 totalExercise: $0.00From: 2029-01-01Exp: 2029-01-01→ Common Stock (19,548 underlying)
Footnotes (7)
- [F1]Mr. Allen was awarded (i) 32,673 restricted stock units on June 21, 2023, 48,138 restricted stock units on June 21, 2024, and 51,869 restricted stock units on June 21, 2025.
- [F2]Consists of 98,378 shares held directly, 28,117 in 401(k) Plan, 119,555 unvested performance-based rights, and 70,173 unvested restricted stock units.
- [F3]Award of restricted stock units that vest as follows: 6,516 shares on June 21, 2027, 6,516 shares on June 21, 2028, and 6,516 shares on June 21, 2029.
- [F4]See footnote 2.
- [F5]Held as 2,351.451 units in Mr. Allen's 401(k) account under the Hecla Mining Company Capital Accumulation Plan and estimated to be 28,117 shares.
- [F6]Mr. Allen was awarded performance rights representing the contingent right to receive between $312,375 and $624,750 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. Allen under this plan are as follows: 100th percentile rank among peers = maximum award at 200% of target ($624,750 in stock) 50th percentile rank among peers = target award at grant value ($312,375 in stock), and 0 percentile rank among peers = threshold award below 25% of target.
- [F7]See footnote 2.
Signature
Tami D. Whitman, Attorney-in-Fact for Kurt Allen|2026-06-24