06/24/2026 | Press release | Distributed by Public on 06/24/2026 18:42
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FORM 4
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES 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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| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
| 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 control number. | SEC 1474 (9-02) | ||
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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 Underlying Securities (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 of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
| Performance rights | $ 0 | 06/22/2026 | A | 20,424(5) | 01/01/2029 | 01/01/2029 | Common Stock | 20,424 | $ 0 | 594,056(6) | D | ||||
| Reporting Owner Name / Address | Relationships | |||
| Director | 10% Owner | Officer | Other | |
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Brown Robert Denis 6500 N MINERAL DR SUITE 200 COEUR D ALENE, ID 83815 |
VP - Corporate Development | |||
| Tami D. Whitman, Attorney-in-Fact for Robert D. Brown | 06/24/2026 | |
| **Signature of Reporting Person | Date |
| * | 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). |
| (1) | Mr. Brown was awarded (i) 37,030 restricted stock units on June 21, 2023, (ii) 60,479 restricted stock units on June 21, 2024, and (iii) 54,124 restricted stock units on June 23, 2025. One-third of those restricted stock units vested on June 22, 2026. To cover his tax liability on those vested units, Hecla Mining Company withheld 27,043 shares. |
| (2) | Consists of 382,364 shares held directly, 135,027 unvested performance-based rights, and 76,665 unvested restricted stock units. |
| (3) | Award of restricted stock units that vest as follows: 6,808 shares on June 21, 2027, 6,808 shares on June 21, 2028, and 6,808 shares on June 21, 2029. |
| (4) | See footnote 2. |
| (5) | Mr. Brown was awarded performance rights representing the contingent right to receive between $326,375 and $652,750 worth of Hecla Mining Company common stock based on Hecla Mining Company's Total Shareholder Return performance over the 3-year period (January 1, 2026 to December 31, 2028) relative to our peers. Examples of the potential grant of shares to Mr. Brown under this plan are as follows: 100th percentile rank among peers = maximum award at 200% of target ($652,750 in stock); 50th percentile rank among peers = target award at grant value ($326,375 in stock), and 0 percentile rank among peers = threshold award below 25% of target. |
| (6) | See footnote 2. |