David Sienko - Jun 21, 2021 Form 4 Insider Report for HECLA MINING CO/DE/ (HL)

Role: VP and General Counsel
Signature: Tami D. Whitman, Attorney-in-Fact for David C. Sienko
Stock symbol: HL
Transactions as of: Jun 21, 2021
Transactions value $: $150,004
Form type: 4
Date filed: 6/23/2021, 06:19 PM
Previous filing: Jun 21, 2021
Next filing: Mar 2, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	HL	Common Stock	Tax liability	$0	-18.4K	-2.36%	$0.00	763K	Jun 21, 2021	Direct	F1, F2
transaction	HL	Common Stock	Award	$150K	+19K	+2.56%	$7.88	763K	Jun 21, 2021	Direct	F3, F4
transaction	HL	Common Stock	Other	$0	+1.2K		$0.00	1.2K	Jun 22, 2021	By 401(k) Plan	F5

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	HL	Performance Rights	Award	$0	+12.7K	+1.69%	$0.00	763K	Jun 21, 2021	Common Stock	12.7K	$0.00	Direct	F6, F7

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Mr. Sienko was awarded (i) 45,692 restricted stock units on June 19, 2018; (ii) 81,522 restricted stock units on June 21, 2019; and (iii) 49,505 restricted stock units on June 22, 2020. The restrictions lapsed on 1/3 of those vesting units (58,907 shares). Mr. Sienko elected to have Hecla Mining Company withhold 18,425 shares to cover his tax liability.
F2	Total consists of 583,636 shares held directly, 79,213 unvested restricted stock units, and 100,041 performance-based shares.
F3	Award of restricted stock units that vest as follows: 6,346 shares on June 21, 2022; 6,345 share on June 21, 2023; and 6,345 shares on June 21, 2024.
F4	See footnote 2
F5	Held as 99.594 units in Mr. Sienko's 401(k) account under the Hecla Mining Company Capital Accumulation Plan, and estimated to be 1,196 shares.
F6	Mr. Sienko was awarded performance rights representing the contingent right to receive between $50,000 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, 2021 to December 31, 2023) relative to our peers. Examples of the potential grant of shares to Mr. Sienko under this plan are as follows: 100th percentile rank among peers = maximum award at 200% of target ($200,000 in stock); 60th percentile rank among peers = target award at grant value ($100,000 in stock); and 50th percentile rank among peers = threshold award at 50% of target ($50,000 in stock).
F7	See footnote 2