SEC Form 4 · accession 0001954722-26-000001
HECLA MINING CO/DE/ · HL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Patrick Shay Malone
Officer — VP - Sustainability
Period of report
Jun 22, 2026
Accepted (ET)
Jun 24, 2026 · 9:10 pm EDT
Rule 10b5-1 plan
box not checked
Issuer CIK
0000719413
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Jun 22, 2026 | F | 17,846 | $15.98 | D | 200,945 | D | |
| Common StockF3,F4 | Jun 22, 2026 | A | 19,548 | $15.98 | A | 200,945 | D | |
| Common StockF5 | Jun 22, 2026 | J | 2,307 | $0.00 | A | 2,307 | I | Held in 401(k) Plan |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Common StockF6,F7 | $0.00 | Jun 22, 2026 | A | 19,548 | A | Jan 1, 2029 | Jan 1, 2029 | Common Stock | 19,548 | 200,945 | D |
Explanation of responses
- F1Mr. Malone was awarded 51,869 restricted stock units on June 23, 2025, and 73,650 restricted stock units on July 15, 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 17,846 shares.
- F2Consists of 23,994 shares held directly, 2,307 shares in 401(k) Plan, 71,417 unvested performance-based rights, and 103,227 unvested restricted stock units.
- F3Award of restricted stock units that vest as follows: 6,516 shares on June 21, 2027, 6,516 shares on June 21, 2028, and 6,516 shares on June 21, 2029.
- F4See footnote 2.
- F5Held as 192.951 units in Mr. Malone's 401(k) account under the Hecla Mining Company Capital Accumulation Plan and estimated to be 2,307 shares.
- F6Mr. Malone was awarded performance rights representing the contingent right to receive between $312,375 and $624,750 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. Malone under this plan are as follows: 100th percentile rank among peers = maximum award at 200% of target ($624,750 in stock); 50th percentile rank among peers = target award at grant value ($312,375 in stock), and 0 percentile rank among peers = threshold award below 25% target.
- F7See footnote 2.