Lauren M. Roberts - Jun 21, 2023 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, 2023
Transactions value $
$345,001
Form type
4
Date filed
6/23/2023, 01:38 PM
Previous 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 -24.5K -2.59% $0.00 922K Jun 21, 2023 Direct F1, F2
transaction HL Common Stock Award $345K +68.3K +8% $5.05 922K Jun 21, 2023 Direct F3, F4
transaction HL Common Stock Other $0 +9.62K $0.00 9.62K Jun 21, 2023 Held in 401(k) Plan Account 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 +45.5K +5.2% $0.00 922K Jun 21, 2023 Common Stock 45.5K $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) 74,257 restricted stock units on June 22, 2020, (ii) 28,553 restricted stock units on June 21, 2021, and (iii) 67,720 restricted stock units on June 21, 2022. The restrictions lapsed on 1/3 of those vesting units (56,844 shares). Mr. Roberts elected to have Hecla Mining company withhold 24,479 shares to cover his tax liability.
F2 Consists of 350,082 shares held directly, 339,119 shares deferred under the Hecla Mining Company Key Employee Deferred Compensation Plan, 109,727 performance-based units, and 122,980 unvested restricted stock units.
F3 Award of restricted stock units that vest as follows: 22,773 shares on June 21, 2024; 22,772 shares on June 21, 2025; and 22,772 shares on June 21, 2026.
F4 See footnote 2.
F5 Held as 801.667 units in Mr. Robert's 401(k) account under the Hecla Mining Company Capital Accumulation Plan, and estimated to be 9,620 shares.
F6 Mr. Roberts was awarded performance rights representing the contingent right to receive between $115,000 and $460,000 worth of Hecla Mining company common stock based on Hecla Mining Company's Total Shareholder Return performance over the 3-year period (January 1, 2023 to December 31, 2025) 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 ($460,000 in stock); 40th to 60th percentile rank among peers = target award at grant value ($230,000 in stock); and 25th percentile rank among peers = threshold award at 50% of target ($115,000 in stock).
F7 See footnote 2.