Robert D. Brown - Jun 21, 2024 Form 4 Insider Report for HECLA MINING CO/DE/ (HL)

Role
VP - Corp. Develop & Sustain.
Signature
Tami D. Whitman, Attorney-in-Fact for Robert D. Brown
Stock symbol
HL
Transactions as of
Jun 21, 2024
Transactions value $
$191,072
Form type
4
Date filed
6/25/2024, 06:54 PM
Previous filing
Mar 18, 2024
Next filing
Sep 24, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HL Common Stock Sale -$122K -24.8K -3.92% $4.91 608K Jun 25, 2024 Direct F1, F2
transaction HL Common Stock Award $313K +60.5K +11.05% $5.17 608K Jun 21, 2024 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 +60.5K +11.05% $0.00 608K Jun 21, 2024 Common Stock 60.5K $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) 20,305 restricted stock units on June 21, 2021, (ii) 38,374 restricted stock units on June 21, 2022, and (iii) 37,030 restricted stock units on June 21, 2023. The restrictions lapsed on 1/3 of those vesting units (31,903 shares). To cover his tax liability, Hecla Mining Company sold 24,792 shares.
F2 Consists of 398,205 shares held directly, 111,488 performance-based shares; and 97,956 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 Mr. Brown 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 21, 2026) relative to our peers. Examples of the potential grant of shares to Mr. Brown under this plan are as follows: 100th percentile potential grant of shares = 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).
F6 See footnote 2.