Form 4: Hecla Mining CEO Robert Krcmarov Reports Stock Transactions

Hecla Mining Company President & CEO Robert Krcmarov has reported transactions related to restricted stock units and performance rights.

Summary

• Robert Krcmarov, President & CEO of Hecla Mining Company, reported transactions on June 22, 2026.
• Hecla Mining Company withheld 79,437 shares to cover tax liabilities on vested restricted stock units.
• These vested units were part of a larger award of 126,926 restricted stock units granted on January 15, 2025, and an additional one-time grant of 166,359 restricted stock units on the same date.
• Krcmarov also acquired 66,708 restricted stock units, which vest in three tranches on June 21, 2027, June 21, 2028, and June 21, 2029.
• Additionally, 2,528 shares were noted as held in a 401(k) account.
• Performance rights were awarded, representing the contingent right to receive between $1,310,000 and $2,620,000 worth of Hecla Mining Company common stock based on Total Shareholder Return performance over a three-year period (January 1, 2026, to December 31, 2028) relative to peers.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as it primarily details routine executive compensation transactions and does not contain new financial performance data or strategic shifts.

Positives

• Vesting of restricted stock units indicates progress in long-term incentive plans.
• Acquisition of new restricted stock units suggests continued alignment of management compensation with company performance.
• Performance rights are tied to Total Shareholder Return, aligning executive incentives with shareholder value creation.

Negatives

• Withholding of shares for tax liabilities reduces the net number of shares received by the executive.
• The value of performance rights is contingent on future performance and market conditions, introducing uncertainty.

Risks

• The value of performance rights is subject to Hecla Mining Company's Total Shareholder Return performance relative to its peers over a three-year period.
• Market volatility and company-specific operational risks could impact the ultimate value of awarded stock and performance rights.

Future Outlook

The filing details future vesting dates for restricted stock units and a performance period for performance rights, indicating ongoing incentive structures tied to future company performance and shareholder returns.

Management Comments

• Mr. Krcmarov was awarded (i) 126,926 restricted stock units on January 15, 2025, and (ii) a one-time grant of 166,359 restricted stock units on January 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 79,437 shares.
• Consists of 181,241 shares held directly, 2,528 shares in a 401(k), 299,331 performance-based units, and 303,608 unvested restricted stock units.
• Award of restricted stock units that vest as follows: 22,236 shares on June 21, 2027, 22,236 shares on June 21, 2028, and 22,236 shares on June 21, 2029.
• Mr. Krcmarov was awarded performance rights representing the contingent right to receive between $1,310,000 and $2,620,000 worth of Hecla Mining Company common stock based on Hecla Mining Company's Total Shareholder Return performance over the 3-year period (January 1, 2026 to December 31, 2028) relative to our peers. Examples of the potential grant of shares to Mr. Krcmarov under this plan are as follows: 100th percentile rank among peers = maximum award at 200% of target ($2,620,000 in stock); 50th percentile rank among peers = target award at grant value ($1,310,000 in stock); and 0 percentile rank among peers = threshold award below 25% of target.

Industry Context

StockSavvy.ai notes that this Form 4 filing by Hecla Mining's CEO is typical for executive compensation disclosures in the mining industry, where long-term incentives are often tied to stock performance and shareholder returns.

Stakeholder Impact

• Shareholders: The performance rights are directly tied to shareholder returns, aligning executive incentives with shareholder interests.
• Employees: The 401(k) mention suggests employee participation in company-sponsored retirement plans.
• Management: The transactions reflect the compensation structure for key executives, including the CEO.

Next Steps

• Vesting of remaining tranches of restricted stock units on June 21, 2027, June 21, 2028, and June 21, 2029.
• Determination of performance rights payout based on Total Shareholder Return performance from January 1, 2026, to December 31, 2028.

Key Dates

Keywords

Hecla Mining, SEC Form 4, Insider Trading, Stock Transaction, Restricted Stock Units, Performance Rights, Robert Krcmarov, Executive Compensation, Beneficial Ownership