Malone Patrick Shay 4

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

AI-generated summary of this filing

Updated Jun 25, 2026

Hecla (HL) VP Patrick Malone Receives RSUs; Shares Withheld for Taxes

What Happened

Patrick Shay Malone, VP – Sustainability at Hecla Mining (HL), was granted 19,548 restricted stock units (RSUs) on June 22, 2026 at a grant value of $15.98 each (total ~$312,377). To cover tax withholding on vested units, Hecla withheld 17,846 shares and reported that 2,307 shares were allocated to his 401(k) plan. The filing shows the RSU award (A), a tax withholding disposition (F), and an other acquisition for plan deferral (J).

Key Details

Transaction date: June 22, 2026 (reported on Form 4 filed 06/24/2026) — filing appears timely.
Reported transactions:
- 17,846 shares withheld for tax payment at $15.98 — proceeds/value reported ~$285,179 (F).
- 19,548 shares granted/awarded at $15.98 (A) — grant value ~$312,377.
- 2,307 shares acquired in 401(k) plan (J) — $0 reported (plan allocation).
- 19,548 derivative RSUs reported at $0 (unvested award notation).
Shares beneficially owned after transaction (per footnote): 23,994 shares held directly + ~2,307 in 401(k) + 71,417 unvested performance rights + 103,227 unvested RSUs = 200,945 total (includes unvested awards and performance rights).
Notable footnotes: one-third of RSUs from awards made in June/July 2025 vested on June 22, 2026; 17,846 shares withheld to cover tax liability; performance rights could pay out between ~$312,375 (target) and ~$624,750 (maximum) based on 3‑year TSR performance vs. peers.

Context

This set of transactions is compensation-related (RSU grant and related tax withholding), not an open-market purchase or sale for investment purposes. The F code indicates routine tax withholding rather than a market sale for investment. Performance rights are contingent awards whose final share payout depends on relative Total Shareholder Return over a three-year performance period.

Form 4

Period: 2026-06-22

VP - Sustainability

Transactions

Tax Payment
Common Stock
[F1][F2]
2026-06-22$15.98/sh−17,846$285,179→ 200,945 total
Award
Common Stock
[F3][F4]
2026-06-22$15.98/sh+19,548$312,377→ 200,945 total
Other
Common Stock
[F5]
2026-06-22+2,307→ 2,307 total(indirect: By 401(k))
Award
Common Stock
[F6][F7]
2026-06-22+19,548→ 200,945 total
Exercise: $0.00From: 2029-01-01Exp: 2029-01-01→ Common Stock (19,548 underlying)

Footnotes (7)

[F1]Mr. Malone was awarded 51,869 restricted stock units on June 23, 2025, and 73,650 restricted stock units on July 15, 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 17,846 shares.
[F2]Consists of 23,994 shares held directly, 2,307 shares in 401(k) Plan, 71,417 unvested performance-based rights, and 103,227 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 192.951 units in Mr. Malone's 401(k) account under the Hecla Mining Company Capital Accumulation Plan and estimated to be 2,307 shares.
[F6]Mr. Malone 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. Malone 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% target.
[F7]See footnote 2.

Signature

Tami D. Whitman, Attorney-in-Fact for Patrick Malone|2026-06-24

1 file