In a recent transaction, Russell Douglas Lawlar, senior vice president and chief financial officer of Hecla Mining Co. (NYSE:HL), sold shares of the company. The transaction was executed on June 21, 2024, and Lawlar sold a total of 11,679 shares at an average price of $4.905, for a total value of $57,285.
On the same day, Lawlar also purchased 71,180 shares of Hecla Mining common stock. These shares were obtained at an average price of $5.17 per share, for a total value of $368,000. The acquired shares are part of an award of restricted stock units that will vest over a period ending in 2027, with portions vesting annually beginning on June 21, 2025.
The transactions were disclosed in a Form 4 filed with the Securities and Exchange Commission. According to details provided, the shares sold by Lawlar were to cover tax liabilities associated with the expiration of restrictions on previously awarded restricted stock units.
Following these transactions, Lawlar’s direct holdings in Hecla Mining include a combination of equity, performance-based units and restricted stock units, as detailed in the footnotes of the SEC filing. The footnotes also reveal that Lawlar has been awarded performance rights that could potentially grant him a significant number of additional shares based on the company’s performance compared to its competitors over a three-year period.
Hecla Mining Co., headquartered in Coeur d’Alene, Idaho, is a leading precious metals company specializing in the mining and production of silver and gold. The company’s stock is traded on the New York Stock Exchange under the symbol HL.
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