Sr. Vice President & COO Lawlar Russell Douglas covered exercise/tax liability with 14,377 shares and converted options into 29,609 shares, increasing direct ownership by 8% to 196,446 units (SEC Form 4)
$HL
Mining & Quarrying of Nonmetallic Minerals (No Fuels)
Industrials
| FORM 4 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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| Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). | |||||||||||||||||
| Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10. | |||||||||||||||||
1. Name and Address of Reporting Person*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
HECLA MINING CO/DE/ [ HL ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 03/02/2026 | ||||||||||||||||||||||||||
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4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
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| Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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| 1. Title of Security (Instr. 3) | 2. Transaction Date (Month/Day/Year) | 2A. Deemed Execution Date, if any (Month/Day/Year) | 3. Transaction Code (Instr. 8) | 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) | 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) | 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 7. Nature of Indirect Beneficial Ownership (Instr. 4) | |||
| Code | V | Amount | (A) or (D) | Price | ||||||
| Common Stock | 03/02/2026 | M | 29,609(4) | A | $0 | 210,823(5) | D | |||
| Common Stock | 03/02/2026 | F | 14,377(6) | D | $24.63 | 196,446(7) | D | |||
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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| 1. Title of Derivative Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date (Month/Day/Year) | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) | ||||
| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
| Performance rights | $0 | 03/02/2026 | M | 29,609(1)(2) | 12/31/2025 | 12/31/2025 | Common Stock | 29,609 | $0 | 136,579(3) | D | ||||
| Explanation of Responses: |
| 1. On June 21, 2023, Mr. Lawlar was awarded performance rights. The performance rights represented a contingent right to receive between $74,763 and $299,050 worth of Hecla Mining Company common stock based on Hecla's Total Shareholder Return performance over the 3-year period (January 1, 2023 to December 31, 2025), based on the following percentile rank within Hecla's peer group companies: (1) 100th percentile rank among peers = maximum award at 200% of target ($299,050 in stock); 40th to 60th percentile rank among peers = target at grant value ($149,525 in stock); and 25th percentile rank among peers = threshold award at 50% of target ($74,763 in stock). |
| 2. In reporting the number of performance rights at the time of the award, Mr. Lawlar assumed a target (i.e., $149,525 in stock), with the common stock valued at the closing price on the day of the award ($5.05), and therefore reported an award of 29,609 performance rights. Based on Hecla Mining Company's total shareholder return ranking, Mr. Lawlar's award value was 100% and he therefore received 29,609 shares in settlement of the award (with the shares valued at the $5,.05 closing price on June 21, 2023). |
| 3. Consists of outstanding performance rights. |
| 4. See footnotes (1) and (2). Shares received upon settlement of performance rights awarded in June 2023. |
| 5. Consists of 83,171 shares held directly, and 127,652 unvested restricted stock units. |
| 6. Shares withheld for tax liability on 29,609 performance rights that vested. |
| 7. Consists of 68,794 shares held directly, and 127,652 unvested restricted stock units. |
| Tami D. Whitman, Attorney-in-Fact for Russell D. Lawlar | 03/04/2026 | |
| ** Signature of Reporting Person | Date | |
| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
| * If the form is filed by more than one reporting person, see Instruction 4 (b)(v). | ||
| ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
| Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. | ||