David C. Sienko - 21 Jun 2024 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
Issuer symbol
HL
Transactions as of
21 Jun 2024
Net transactions value
+$241,265
Form type
4
Filing time
25 Jun 2024, 19:42:07 UTC
Previous filing
18 Mar 2024
Next filing
22 Aug 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HL Common Stock Sale $71,412 -14,559 -1.4% $4.90 996,123 25 Jun 2024 Direct F1, F2
transaction HL Common Stock Award $312,676 +60,479 +6.5% $5.17 996,123 21 Jun 2024 Direct F3, F4
transaction HL Common Stock Other $0 +12,390 $0.000000 12,390 21 Jun 2024 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 +60,479 +6.5% $0.000000 996,123 21 Jun 2024 Common Stock 60,479 $0.000000 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) 19,036 restricted stock units on June 21, 2021, (ii) 38,374 restricted stock units on June 21, 2022, and (iii) 35,350 restricted stock units on June 21, 2023. The restrictions lapsed on 1/3 of those vesting units (30,920 shares). To cover his tax liability, Hecla Mining Company sold 14,559 shares.
F2 Consists of 788,968 shares held directly, 110,319 performance-based shares, and 96,836 unvested restricted stock units.
F3 Award of restricted stock units that vest as follows: 20,159 shares on June 21, 2025; 20,160 shares on June 21, 2026; and 20,160 shares on June 21, 2027.
F4 See footnote 2.
F5 Held as 1,032.647 units in Mr. Sienko's 401(k) account under the Hecla Mining Company Capital Accumulation Plan, and estimated to be 12,390 shares.
F6 Mr. Sienko was awarded performance rights representing the contingent right to receive between $78,169 and $625,350 worth of Hecla Mining Company common stock based on Hecla Mining Company's Total Shareholder Return performance over the 3-year period (January 1, 2024 to December 31, 2026) 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 ($625,350 in stock); 50th percentile rank among peers = target award at grant value ($312,675 in stock), and 25th percentile rank among peers = threshold award at 25% of target ($78,169 in stock).
F7 See footnote 2.