Catherine J. Boggs - Jun 6, 2024 Form 4/A - Amendment Insider Report for HECLA MINING CO/DE/ (HL)

Signature
Tami D. Whitman, Attorney-in-Fact for Catherine J. Boggs
Stock symbol
HL
Transactions as of
Jun 6, 2024
Transactions value $
$137,303
Form type
4/A - Amendment
Date filed
8/23/2024, 01:01 PM
Date Of Original Report
Jun 21, 2024
Previous filing
Jul 12, 2023
Next filing
Aug 23, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HL Common Stock Award $12.3K +2.09K +0.82% $5.89 257K Jun 6, 2024 Direct F1, F2, F3
transaction HL Common Stock Award $125K +24.3K +9.43% $5.15 282K Jun 21, 2024 Direct F4, F5, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Ms. Boggs entered into an Interim CEO Agreement ("ICEO" Agreement) with Hecla Mining Company ("Company") and accepted the position of Interim President and CEO ("ICEO") of the Company. She will receive a monthly management fee in the amount of $106,000, comprised of $63,600 in cash, prorated for each partial month of service, and $42,400 of value in the form of common stock of the Company, from the Hecla Mining Company 2010 Stock Incentive Plan ("2010 Stock Plan"), prorated for each partial month. The stock component will be determined by dividing the applicable stock fee by the closing price of a share of the Common common stock on the NYSE on the last trading day of the applicable month, or on the last trading day prior to the termination of the ICEO Agreement. The shares granted to Ms. Boggs under the ICEO Agreement will be delivered to Ms. Boggs in aggregate within ten business days after the termination of the ICEO Agreement, but in all events before March 15, 2025.
F2 The shares granted for the month of May 2024 are prorated from May 22, 2024 to May 31, 2024 (2,089 shares). The closing stock price on the NYSE on May 31, 2024 was $5.89.
F3 Consists of 140,274 shares held directly and 117,214 shares deferred into a trust under the Hecla Mining Company Stock Plan for Nonemployee Directors.
F4 As a member of the Board of Directors, and Chair of the Board, Ms. Boggs received $125,000 in equity ("Director Stock Award") under the 2010 Stock Plan. Ms. Boggs elected to receive 75% of her Director Stock Award under the 2010 Stock Plan (18,211 shares) and 25% (6,070 shares) are deferred.
F5 The price is the average closing price for Hecla's common stock on the NYSE for the prior calendar year (2023).
F6 Consists of 158,485 shares held directly and 123,284 shares deferred into trust under (i) the Hecla Mining Company Stock Plan for Nonemployee Directors (123,284 shares); and (ii) the 2010 Stock Plan (6,070 shares).

Remarks:

Amended Form 4 to correct totals in the column entitled - "Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)"