03/04/2026 | Press release | Distributed by Public on 03/04/2026 18:22
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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 | 03/02/2026 | M | 21,318(1)(2) | 12/31/2025 | 12/31/2025 | Common Stock | 21,318 | $ 0 | 113,537(3) | D | ||||
| Reporting Owner Name / Address | Relationships | |||
| Director | 10% Owner | Officer | Other | |
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Aguiar Rodriguez Carlos Roberto 6500 N. MINERAL DR. SUITE 200 COEUR D'ALENE, ID 83815 |
Sr. Vice President & COO | |||
| Tami D. Whitman, Attorney-in-Fact for Carlos Aguiar Rodriguez | 03/04/2026 | |
| **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) | In August 2023, Mr. Aguiar was awarded performance rights representing the contingent right to receive between $55,000 and $220,000 worth of Hecla Mining Company common stock based on Hecla Mining Company's Total Shareholder Return performance over the 3-year period (January 1, 2023 to December 31, 2025) relative to our peers, based on the following percentile rank within Hecla's peer group companies: 100th percentile rank among peers = maximum award at 200% of target ($220,000 in stock); 40th to 60th percentile rank among peers = target at grant value ($110,000 in stock(); and 25th percentile rank among peers = threshold award at 50% of target ($55,000 in stock). |
| (2) | In reporting the number of performance rights at the time of the award, Mr. Aguiar assumed a target (i.e., $110,000 in stock), with the common stock valued at the closing price on the day of the award ($5.16), and therefore reported an award of 21,318 performance rights. Based on Hecla Mining Company's total shareholder return ranking, Mr. Aguiar's award value was 100% and he therefore received 21,318 shares in settlement of the award (with the shares valued at the $5.16 closing price on August 7, 2023). |
| (3) | Consists of outstanding performance rights. |
| (4) | See footnotes (1) and (2). Shares received upon settlement of performance rights awarded in August 2023. |
| (5) | Consists of 105,775 shares held directly, and 108,150 unvested restricted stock units. |
| (6) | Shares withheld for tax liability of 21,318 performance rights that vested. |
| (7) | Consists of 99,255 shares held directly, and 108,150 unvested restricted stock units. |