Robert D. Brown - Jun 21, 2022 Form 4 Insider Report for HECLA MINING CO/DE/ (HL)

Role
VP - Corp. Dev. & Sustain.
Signature
Tami D. Whitman, Attorney-in-Fact for Robert D. Brown
Stock symbol
HL
Transactions as of
Jun 21, 2022
Transactions value $
$169,997
Form type
4
Date filed
6/23/2022, 05:50 PM
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 -27.6K -5.97% $0.00 434K Jun 21, 2022 Direct F1, F2
transaction HL Common Stock Award $170K +38.4K +9.69% $4.43 434K Jun 21, 2022 Direct F3, F4

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 +6.36% $0.00 434K Jun 21, 2022 Common Stock 26K $0.00 Direct F5, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Mr. Brown was awarded (i) 81,522 restricted stock units on June 21, 2019, (ii) 52,805 restricted stock units on June 22, 2020; and (iii) 20,305 restricted stock units on June 21, 2021. The restrictions lapsed on 1/3 of those vesting units (51,545 shares). Mr. Brown elected to have Hecla Mining Company withhold 27,579 shares to cover his tax liability.
F2 Consists of 290,907 shares held directly, 73,937 performance-based shares; and 69,511 unvested restricted stock units.
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 Mr. Brown 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. Brown 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).
F6 See footnote 2.