Form 4: Hecla Mining VP Acquires Shares, Granted Performance Rights

Hecla Mining Company's VP - CHRO, Kari G. Moyes, acquired shares and was granted performance rights as part of her compensation package.

Summary

• Kari G. Moyes, VP - CHRO of Hecla Mining Company, engaged in several transactions on June 22, 2026.
• She acquired 303 shares of common stock to cover tax liabilities related to vested restricted stock units.
• Additionally, 19,876 restricted stock units were awarded, with vesting scheduled over three years (2027-2029).
• Moyes was also granted performance rights tied to Hecla Mining Company's Total Shareholder Return over a three-year period (January 1, 2026 to December 31, 2028) relative to peers.
• The value of these performance rights could range from $317,625 to $635,250 worth of common stock, depending on performance.
• Following these transactions, Moyes beneficially owns 543 shares directly, 19,876 unvested performance-based rights, and 30,014 unvested restricted stock units.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a neutral to slightly positive filing, as it details standard executive compensation practices and insider transactions that align management with shareholder interests, without revealing significant new financial performance or strategic shifts.

Positives

• Award of restricted stock units and performance rights indicates management's long-term incentive alignment with company performance.
• The performance rights are directly linked to Total Shareholder Return, a key metric for investor value.
• The acquisition of shares by the VP - CHRO demonstrates personal investment and confidence in the company.

Negatives

• The withholding of 303 shares to cover tax liabilities on vested units represents a reduction in the net shares received by the executive.
• The performance rights are contingent and their ultimate value is uncertain, dependent on future company performance relative to peers.

Risks

• The value of the performance rights is subject to the company's Total Shareholder Return performance over a three-year period, which carries inherent market and operational risks.
• Vesting of restricted stock units is spread over several years, meaning a portion of the compensation is deferred.
• Potential for dilution if a large number of performance rights vest at the maximum award level.

Future Outlook

The future outlook for Kari G. Moyes' compensation is tied to the company's Total Shareholder Return performance over the next three years, with potential for significant stock awards based on relative performance.

Management Comments

• Ms. Moyes was awarded 10,984 restricted stock units on April 13, 2026. A prorated portion vested on June 22, 2026. To cover her tax liability on those vested units, Hecla Mining Company withheld 303 shares.
• Award of restricted stock units that vest as follows: 6,626 shares on June 21, 2027, 6,625 shares on June 21, 2028, and 6,625 shares on June 21, 2029.
• Consists of 543 shares held directly and 30,014 unvested restricted stock units.
• Ms. Moyes was awarded performance rights representing the contingent right to receive between $317,625 and $635,250 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 Ms. Moyes under this plan are as follows: 100th percentile rank among peers = maximum award at 200% of target ($635,250 in stock); 50th percentile rank among peers = target award at grant value ($317,625 in stock), and 0 percentile rank among peers = threshold award below 25% of target.
• Consists of 543 shares held directly, 19,876 unvested performance-based rights, and 30,014 unvested restricted stock units.

Industry Context

StockSavvy.ai notes that the granting of performance rights tied to Total Shareholder Return is a common practice in the mining industry to align executive compensation with shareholder interests and incentivize long-term value creation, especially in a cyclical sector.

Stakeholder Impact

• Shareholders: The alignment of executive compensation with Total Shareholder Return is generally viewed positively by shareholders as it links management's rewards to the company's stock performance.
• Employees: The granting of performance rights and restricted stock units to senior management may indirectly influence company culture and focus on long-term value creation, potentially benefiting all employees.
• Management: Kari G. Moyes benefits from the acquisition of shares and the potential for significant future stock awards, contingent on company performance.

Next Steps

• Vesting of restricted stock units on June 21, 2027, June 21, 2028, and June 21, 2029.
• Determination of performance rights payout based on Hecla Mining Company's Total Shareholder Return performance relative to peers between January 1, 2026, and December 31, 2028.

Key Dates

Keywords

Hecla Mining, Form 4, Insider Trading, Stock Options, Restricted Stock Units, Performance Rights, Executive Compensation, Securities Exchange Act, Beneficial Ownership, Kari G. Moyes