David Sienko - Jun 21, 2022 Form 4/A - Amendment Insider Report for HECLA MINING CO/DE/ (HL)

Signature
Tami D. Whitman, Attorney-in-Fact for David C. Sienko
Stock symbol
HL
Transactions as of
Jun 21, 2022
Transactions value $
$169,997
Form type
4/A - Amendment
Date filed
6/24/2022, 01:30 PM
Date Of Original Report
Jun 23, 2022
Previous filing
Mar 2, 2022
Next filing
Feb 28, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HL Common Stock Tax liability $0 -23K -2.72% $0.00 821K Jun 21, 2022 Direct F1, F2
transaction HL Common Stock Award $170K +38.4K +4.9% $4.43 821K Jun 21, 2022 Direct F3, F4
transaction HL Common Stock Other $0 +4.19K $0.00 4.19K Jun 21, 2022 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 +26K +3.26% $0.00 821K Jun 21, 2022 Common Stock 26K $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) 81,522 restricted stock units on June 21, 2019; (ii) 49,505 restricted stock units on June 22, 2020; and (iii) 19,036 restricted stock units on June 21, 2021. The restrictions lapsed on 1/3 of those vesting units (50,022 shares). Mr. Sienko elected to have Hecla Mining Company withhold 22,976 shares to cover his tax liability.
F2 Consists of 681,948 shares held directly, 67,565 unvested restricted stock units, and 71,652 performance-based shares.
F3 Award of restricted stock units that vest as follows: 12,791 shares on June 21, 2023; 12,791 shares on June 21, 2024; and 12,792 shares on June 21, 2025.
F4 See footnote 2.
F5 Held as 348.942 units in Mr. Sienko's 401(k) account under the Hecla Mining Company Capital Accumulation Plan, and estimated to be 4,191 shares.
F6 Mr. Sienko was awarded performance rights representing the contingent right to receive between $57,500 and $230,000 worth of Hecla Mining Company common stock based on Hecla Mining Company's Total Shareholder Return performance over the 3-year period (January 1, 2022 to December 31, 2024) 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 ($230,000 in stock); 60th percentile rank among peers = target award at grant value ($115,000 in stock); and 50th percentile rank among peers = threshold award at 50% of target ($57,500 in stock).
F7 See footnote 2.