David Sienko - Jun 21, 2023 Form 4 Insider Report for HECLA MINING CO/DE/ (HL)

Role: VP & General Counsel
Signature: Tami D. Whitman, Attorney-in-Fact for David C. Sienko
Stock symbol: HL
Transactions as of: Jun 21, 2023
Transactions value $: $178,518
Form type: 4
Date filed: 6/23/2023, 02:00 PM
Previous filing: Feb 28, 2023
Next filing: Feb 28, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	HL	Common Stock	Tax liability	$0	-15.9K	-1.8%	$0.00	867K	Jun 21, 2023	Direct	F1, F2
transaction	HL	Common Stock	Award	$179K	+35.4K	+4.25%	$5.05	867K	Jun 21, 2023	Direct	F3, F4
transaction	HL	Common Stock	Other	$0	+7.64K		$0.00	7.64K	Jun 21, 2023	Held in 401(k) Plan Account	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	+23.9K	+2.83%	$0.00	867K	Jun 21, 2023	Common Stock	23.9K	$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) 49,505 restricted stock units on June 22, 2020, (ii) 19,036 restricted stock units on June 21, 2021, and (iii) 38,374 restricted stock units on June 21, 2022. The restrictions lapsed on 1/3 of those vesting units (35,638 shares). Mr. Sienko elected to have Hecla Mining Company withhold 15,888 shares to cover his tax liability.
F2	Consists of 736,922 shares held directly, 62,530 performance-based shares, and 67,277 unvested restricted stock units.
F3	Award of restricted stock units that vest as follows: 11,784 shares on June 21, 2024, 11,783 shares on June 21, 2025, and 11,783 shares on June 21, 2026.
F4	See footnote 2.
F5	Held as 636.418 units in Mr. Sienko's 401(k) account under the Hecla Mining Company Capital Accumulation Plan, and estimated to be 7,637 shares.
F6	Mr. Sienko was awarded performance rights representing the contingent right to receive between $60,300 and $241,200 worth of Hecla Mining Company common stock based on Hecla Mining Company's Total Shareholder Return performance over the 3-year period (January 1, 2023 to December 31, 2025) 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 ($241,200 in stock); 40th and 60th percentile rank among peers = target award at grant value ($120,600 in stock); and 25th percentile rank among peers = threshold award at 50% of target ($60,300 in stock).
F7	See footnote 2.