Hecla (HL) VP Malone Patrick Shay Sells Shares (~$498K)

What Happened

• Malone Patrick Shay, VP — Sustainability at Hecla Mining Co. (HL), reported sales on Aug 20, 2026: 23,894 shares sold at $20.76 ($496,039) and 100 shares sold at $20.97 ($2,097), for total proceeds of about $498,136. The filing also reports an acquisition of 2,275 shares (code J) at $0.00, representing units held in his 401(k) plan.
• These transactions are primarily sales (often routine dispositions); the J-coded acquisition reflects retirement-plan holdings, not a market purchase.

Key Details

• Transaction dates/prices: Aug 20, 2026 — 23,894 shares sold @ $20.76; 100 shares sold @ $20.97; 2,275 units recorded at $0.00 (401(k) holdings).
• Shares owned after transaction: filing indicates no directly held shares; beneficial ownership consists of 71,417 unvested performance-based units, 103,227 unvested restricted stock units, and ~2,275 401(k) units — about 176,919 shares equivalent.
• Footnotes:
  • F1: prior/direct holdings included 23,894 direct shares plus unvested units (71,417 PUs; 103,227 RSUs).
  • F2: remaining holdings consist of 71,417 performance-based units and 103,227 restricted stock units (unvested).
  • F3: 2,275 shares estimated as 192.951 units in his 401(k) account under the company plan.
• Filing status/timeliness: This is an AMENDED Form 4 filed Aug 24, 2026 reporting Aug 20 transactions. Form 4s are generally due within two business days of a transaction; this amendment was filed after that window.

Context

• Sales by executives can be routine (diversification, tax withholding, plan-directed sales); purchases typically signal a stronger direct vote of confidence in the stock. Here, the notable activity is disposal of nearly 24k shares for roughly $498k and a separate retirement-plan allocation, not a market purchase.