Absolom Stuart Maurice 4

What Happened
Stuart Maurice Absolom, Vice President & Principal Accounting Officer of Hecla Mining Company (HL), had one-third of previously granted restricted stock units (RSUs) vest on June 22, 2026. To cover the resulting tax withholding, Hecla withheld 7,070 shares (coded F) at $15.98 per share for proceeds of $112,979. Concurrently, Absolom was recorded as receiving 6,258 shares at $15.98 (value $100,003) and additional acquisitions: 16,613 shares reported as held in his 401(k) plan and a derivative grant of 6,258 RSUs (zero price reporting for restricted/derivative awards).

Key Details

• Transaction date: June 22, 2026; Form 4 filed June 25, 2026 (filed 3 days after the transaction).
• Withholding (sale for tax): 7,070 shares @ $15.98 = $112,979 (code F).
• Award/acquisitions: 6,258 shares @ $15.98 = $100,003 (code A); 16,613 shares in 401(k) (code J, $0 reported); 6,258 RSU derivative award reported at $0 (code A, derivative).
• Shares beneficially owned after transactions: 95,259 shares total (11,705 directly, 16,613 in 401(k), 42,782 unvested performance-based rights, 24,159 unvested RSUs). (See footnote breakdown in filing.)
• Notable footnotes: one-third of RSUs from prior grants (2023–2025) vested on June 22, 2026; withholding used to satisfy tax liability (F1). The performance rights are contingent awards tied to 3‑year TSR performance (Jan 1, 2026–Dec 31, 2028) with potential payout between $100k and $200k in stock (F6).
• Filing timeliness: Form 4 filed three days after the transaction date (may be considered late under the 2-business‑day rule).

Context

• This was not an open‑market purchase or discretionary sale for investment gain — it reflects RSU vesting and the company withholding shares to cover taxes (a common, routine action).
• The derivative/award entries reflect unvested or contingent equity (RSUs and performance rights) rather than a cash purchase; any future shares from performance rights depend on relative TSR performance.
• Such withholding/sale entries are administrative and do not necessarily signal the insider’s personal decision to sell equity for investment reasons.