Allen Kurt 4

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.