Form 4 for HL HECLA MINING CO/DE/
Accepted 2025-06-25 00:00:00 ET · period of report 2025-06-23 · accession 0001867048-25-000002 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2025-06-25 | 2025-06-23 | HL | Clary Michael L. | SVP, CAO | A - Grant | $5.82 | +60.1K | 431.7K | +16% | +$350.0K |
| DI | 2025-06-25 | 2025-06-23 | HL | Clary Michael L. | SVP, CAO | J - Other | $0.00 | +16.3K | 16.3K | New | $0 |
| D | 2025-06-25 | 2025-06-23 | HL | Clary Michael L. | SVP, CAO | F - Tax | $5.82 | -28.8K | 431.7K | -6% | -$167.4K |
| D | 2025-06-25 | 2025-06-23 | HL | Clary Michael L. | SVP, CAO | A - Grant | $0.00 | +60.1K | 431.7K | +16% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2025-06-23 | A | A | 60,137 | $5.82 | 431,672 | D | — | — | (F3) Award of restricted stock units that vest as follows: 20,046 shares on June 21, 2026; 20,046 shares on June 21, 2027; and 20,045 shares on June 21, 2028. (F4) See footnote 2. |
| 2 | Common | Common Stock | 2025-06-23 | J | A | 16,271 | $0.00 | 16,271 | I | — | — | (F5) Held as 1,359.025 units in Mr. Clary's 401(k) account under the Hecla Mining Company Capital Accumulation Plan and estimated to be 16,271 shares. |
| 3 | Common | Common Stock | 2025-06-23 | F | D | 28,767 | $5.82 | 431,672 | D 401(k) Plan | — | — | (F1) Mr. Clary was awarded (i) 40,632 restricted stock units on June 21, 2022; 40,990 restricted stock units on June 21, 2023; and 66,397 restricted stock units on June 21, 2024. One-third of those restricted stock units vested on June 23, 2025. To cover his tax liability on those vested units, Hecla Mining Company withheld 28,767 shares. (F2) Consists of 159,746 shares held directly, 153,861 performance-based units, and 118,065 unvested restricted stock units. |
| 4 | Derivative | Performance rights | 2025-06-23 | A | A | 60,137 | $0.00 | 431,672 | D | $0.00 · 2028-01-01 to 2028-01-01 | 60,137 Common Stock | (F6) Mr. Clary was awarded performance rights representing the contingent right to receive between $350,000 and $700,000 worth of Hecla Mining Company common stock based on Hecla Mining Company's Total Shareholder Return performance over the 3-year period (January 1, 2025 to December 31, 2027) relative to our peers. Examples of the potential grant of shares to Mr. Clary under this plan are as follows: 100th percentile rank among peers = maximum award at 200% of target ($700,000 in stock);; 50th percentile rank among peers = target award at grant value ($350,000 in stock), and 0 percentile rank among peers = threshold award below 25% of target. (F7) See footnote 2. |