Hecla Mining Company

09/15/2025 | Press release | Distributed by Public on 09/15/2025 15:37

Amendment to Statement of Changes in Beneficial Ownership (Form 4/A)

FORM 4
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 that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
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
OMB APPROVAL
OMB Number: 3235-0287
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(Print or Type Responses)
1. Name and Address of Reporting Person *
Absolom Stuart Maurice
2. Issuer Name and Ticker or Trading Symbol
HECLA MINING CO/DE/ [HL]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
VP - Principal Acctg. Officer
(Last) (First) (Middle)
6500 N MINERAL DR, SUITE 200
3. Date of Earliest Transaction (Month/Day/Year)
06/23/2025
(Street)
COEUR D ALENE, ID 83815
4. If Amendment, Date Original Filed (Month/Day/Year)
06/25/2025
6. Individual or Joint/Group Filing (Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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 06/23/2025 F 6,101(1) D $ 0 87,672(2) D
Common Stock 06/23/2025 A 17,182(3) A $5.82 87,672(4) D
Common Stock 06/23/2025 J 14,693(5) A $ 0 14,693 I 401(k) Plan
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Performance rights $ 0 06/23/2025 A 17,182(6) 01/01/2028 01/01/2028 Common Stock 87,672 $ 0 87,672(7) D

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Absolom Stuart Maurice
6500 N MINERAL DR
SUITE 200
COEUR D ALENE, ID 83815
VP - Principal Acctg. Officer

Signatures

Tami D. Whitman, Attorney-in-Fact for Stuart M. Absolom 09/15/2025
**Signature of Reporting Person Date

Explanation of Responses:

* 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. Absolom was awarded (i) 22,573 restricted stock units on June 21, 2022; 19,802 restricted stock units on June 21, 2023, and 19,342 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 6,101 shares.
(2) Consists of 14,472 shares held directly, 36,524 performance-based units, and 36,676 unvested restricted stock units.
(3) Award of restricted stock units that vest as follows: 5,728 shares on June 21, 2026, 5,727 shares on June 21, 2027, and 5,727 shares on June 21, 2028.
(4) See footnote 2.
(5) Held as 1,227.194 units in Mr. Absolom's 401(k) account under the Hecla Mining Company Capital Accumulation Plan and estimated to be 14,693 shares.
(6) Mr. Absolom was awarded performance rights representing the contingent right to receive between $100,000 and $200,000 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. Absolom under this plan are as follows: 100th percentile rank among peers = maximum award at 200% of target ($200,000 in stock); 50th percentile rank among peers = target award at grant value ($100,000 in stock); and 0 percentile rank among peers = threshold award below 25% of target.
(7) See footnote 2.
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.
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