Lauren M. Roberts - Jun 21, 2022 Form 4 Insider Report for HECLA MINING CO/DE/ (HL)

Role
Sr. Vice President & COO
Signature
Tami D. Whitman, Attorney-in-Fact for Lauren M. Roberts
Stock symbol
HL
Transactions as of
Jun 21, 2022
Transactions value $
$300,000
Form type
4
Date filed
6/23/2022, 06:34 PM
Previous filing
Mar 2, 2022
Next filing
Feb 28, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HL Common Stock Tax liability $0 -31.3K -3.71% $0.00 812K Jun 21, 2022 Direct F1, F2
transaction HL Common Stock Award $300K +67.7K +9.1% $4.43 812K Jun 21, 2022 Direct F3, F4
transaction HL Common Stock Other $0 +6.17K $0.00 6.17K Jun 21, 2022 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 +45.1K +5.89% $0.00 812K Jun 21, 2022 Common Stock 45.1K $0.00 Direct F6, F7
* 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; (ii) 74,257 restricted stock units on June 22, 2020; and (iii) 28,553 restricted stock units on June 21, 2021. The restrictions lapsed on 1/3 of those vesting units (71,583 shares). Mr. Roberts elected to have Hecla Mining Company withhold 31,286 shares to cover his tax liability.
F2 Consists of 247,505 shares held directly, 113,687 performance-based units, 111,328 unvested restricted stock units, and 339,119 shares deferred under the Hecla Mining Company Key Employee Deferred Compensation Plan.
F3 Award of restricted stock units that vest as follows: 22,573 shares on June 21, 2023; 22,573 shares on June 21, 2024; and 22,574 shares on June 21, 2025.
F4 See footnote 2.
F5 Held as 513.881 units in Mr. Robert's 401(k) account under the Hecla Mining Company Capital Accumulation Plan, and estimated to be 6,172 shares.
F6 Mr. Roberts was awarded performance rights representing the contingent right to receive between $100,000 and $400,000 worth of Hecla Mining Company common stock based on Hecla Mining Company's Total Shareholder Return performance over the 3-year period (January 1, 2022 to December 31, 2024) 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 award at 200% of target ($400,000 in stock); 60th percentile rank among peers = target award at grant value ($200,000 in stock); and 50th percentile rank among peers = threshold award at 50% of target ($100,000 in stock).
F7 See footnote 2.