Catherine J. Boggs - Aug 30, 2024 Form 4 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
Aug 30, 2024
Transactions value $
$42,400
Form type
4
Date filed
9/3/2024, 04:35 PM
Previous filing
Aug 23, 2024
Next filing
Oct 2, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HL Common Stock Award $42.4K +7.15K +2.4% $5.93 305K Aug 30, 2024 Direct F1, F2, F3
* 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 receives a monthly management fee in the amount of $106,000, prorated for each partial month of service, comprised of $63,600 in cash, 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"). The stock component is determined by dividing the applicable stock fee by the closing price of a share of the Company's 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 with ten business days after the termination of the ICEO Agreement, but in all events before March 15, 2025.
F2 The closing stock price on the NYSE on August 30, 2024 (last trading day for the month of August 2024).
F3 Consists of 181,711 shares held directly and 123,284 shares deferred into trust under the Hecla Mining Company Stock Plan for Nonemployee Directors.