Lauren M. Roberts - Jun 21, 2021 Form 4 Insider Report for HECLA MINING CO/DE/ (HL)

Role
Sr. VP & COO
Signature
Tami D. Whitman, Attorney-in-Fact for Lauren M. Roberts
Stock symbol
HL
Transactions as of
Jun 21, 2021
Transactions value $
$224,998
Form type
4
Date filed
6/23/2021, 06:53 PM
Next filing
Jul 1, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HL Common Stock Tax liability $0 -24.1K -3.5% $0.00 665K Jun 21, 2021 Direct F1, F2
transaction HL Common Stock Award $225K +28.6K +4.48% $7.88 665K Jun 21, 2021 Direct F3, F4
transaction HL Common Stock Award $0 +2.41K $0.00 2.41K Jun 22, 2021 By 401(k) Plan F5

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 +19K +2.95% $0.00 665K Jun 21, 2021 Common Stock 19K $0.00 Direct F6, F7, F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Mr. Roberts was awarded (i) 111,940 restricted stock units on August 5, 2019, and 74,257 restricted stock units on June 22, 2020. The restrictions lapsed on 1/3 of those vesting units (62,066 shares). Mr. Roberts elected to have Hecla Mining Company withhold 24,102 shares to cover his tax liability.
F2 Total consists of 105,598 shares held directly, 143,168 performance-based shares, 115,371 unvested restricted stock units, and 301,109 shares held under the Hecla Mining Company Key Employee Deferred Compensation Plan.
F3 Award of restricted stock units that vest as follows: 9,518 shares on June 21, 2022, 9,518 shares on June 21, 2023, and 9,517 shares on June 21, 2024.
F4 See footnote 2
F5 Held as 200.432 units in Mr. Robert's 401(k) account under the Hecla Mining Company Capital Accumulation Plan, and estimated to be 2,406 shares.
F6 Mr. Roberts was awarded performance rights representing the contingent right to receive between $75,000 and $300,000 worth of Hecla Mining Company common stock based on Hecla Mining Company's Total Shareholder Return performance over the 3-year period (January 1, 2021 to December 31, 2022) relative to our peers. Examples of the potential grant of shares to Mr. Roberts under this plan are as follows: 100th percentile rank among peers = maximum awarded at 200% target ($300,000 in stock); 60th percentile rank among peers = target award at grant value ($150,000 in stock); and 50th percentile rank among peers = threshold award at 50% of target ($75,000 in stock).
F7 The number shown in Column 5 of Table II assumes a target payout (i.e., $150,000 worth of common stock), with the common stock valued at the closing price on the day of the award ($7.88). The actual number of shares received (if any) by Mr. Roberts will depend on the Total Shareholder Return performance over the 3-year period and will be determined following the termination of that period).
F8 See footnote 2