COEUR D’ALENE, ID – In a recent transaction, Michael L. Clary, Senior Vice President and Chief Accounting Officer of Hecla Mining Co (NYSE:HL), sold a total of $150,259 in shares of the company’s stock. The sale, which took place on June 25, 2024, involved 30,634 shares at a price of $4.905 each.
On the other side of the ledger, Mr. Clary purchased 66,397 Hecla Mining shares on June 21, 2024, worth $343,272, with a price of $5.17 per share. These transactions were reported in Form 4 filings with the Securities and Exchange Commission.
Hecla Mining, headquartered in Coeur d’Alene, Idaho, is a leading precious metals mining company. The company’s shares, trading under the symbol HL, have been subject to normal market fluctuations in the mining sector.
The shares sold by Mr. Clary were part of a forfeiture of restrictions on previously awarded restricted stock units. According to the SEC filing, Hecla Mining sold the shares on behalf of Mr. Clary to cover his tax liabilities associated with the vesting of the restricted stock units.
Additionally, Mr. Clary’s holdings in Hecla Mining as a result of these transactions include direct stock, performance-based units, and unvested restricted stock units, as detailed in the footnotes of the SEC filing. Please also note that Mr. Clary has been granted performance rights that could potentially award him a significant amount of Hecla Mining common stock based on the Company’s performance relative to its competitors over a three-year period.
Investors often track insider transactions because they can provide insight into an executive’s confidence in the company’s future performance. However, these transactions may also be part of personal financial management strategies and do not necessarily indicate a change in the company’s prospects.
Hecla Mining’s leadership, including Mr. Clary, continues to guide the company through the dynamic mining industry landscape, with the goal of delivering shareholder value and maintaining its market position.
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