Malone Patrick Shay 4

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.