Catherine J. Boggs - Nov 7, 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
Nov 7, 2024
Transactions value $
$9,883
Form type
4
Date filed
11/7/2024, 05:09 PM
Previous filing
Nov 4, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HL Common Stock Award $9.88K +1.59K +0.5% $6.20 319K Nov 7, 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 $63,000 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 the aggregate within ten days after the termination of the ICEO Agreement which is November 7, 2024.
F2 The closing price on the NYSE on November 6, 2024 (day prior to the termination of the ICEO Agreement).
F3 Consists of 196,194 shares held directly, 117,214 shares deferred into trust under the Stock Plan for Nonemployee Directors, and another 6,070 shares deferred into trust under the Hecla 2010 Stock Incentive Plan.