Russell D. Lawlar - Jun 21, 2021 Form 4 Insider Report for HECLA MINING CO/DE/ (HL)

Role
Sr. VP, CFO & Treasurer
Signature
Tami D. Whitman, Attorney in Fact for Russell D. Lawlar
Stock symbol
HL
Transactions as of
Jun 21, 2021
Transactions value $
$170,003
Form type
4
Date filed
6/23/2021, 08:02 PM
Next filing
Jun 23, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HL Common Stock Tax liability $0 -6.26K -8.04% $0.00 71.5K Jun 21, 2021 Direct F1, F2
transaction HL Common Stock Award $170K +21.6K +43.17% $7.88 71.5K Jun 21, 2021 Direct F3, F4
transaction HL Common Stock Other $0 -4.55K -6.36% $0.00 67K Jun 21, 2021 Direct F5, F6
transaction HL Common Stock Award $0 +1.38K $0.00 1.38K Jun 22, 2021 By 401(k) Plan F7

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 +14K +26.32% $0.00 67K Jun 21, 2021 Common Stock 14K $0.00 Direct F8, F9, F10
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Prior to becoming Sr. Vice President, CFO and Treasurer, Mr. Lawlar was awarded (i) restricted stock units on June 19, 2018, (ii) June 21, 2019, and June 22, 2020. The restrictions lapsed on 1/3 of those vesting units (20,010 shares). Mr. Lawlar elected to have Hecla Mining Company withhold 6,258 shares to cover his tax liability.
F2 Consists of 13,752 shares held directly, 13,959 performance-based units, and 43,833 unvested restricted stock units.
F3 Award of restricted stock units that best as follows: 7,192 shares on June 21, 2022; 7,191 shares on June 21, 2023, and 7,191 shares on June 21, 2024.
F4 See footnote 2.
F5 Shares transferred to ex-spouse pursuant to a domestic relations order.
F6 Consists of 9,200 shares held directly, 13,959 performance-based units, and 43,833 unvested restricted stock units.
F7 Held as 115.242 units in Mr. Lawlar's 401(k) account under the Hecla Mining Company Capital Accumulation Plan, and estimated to be 1,383 shares.
F8 Mr. Lawlar was awarded performance rights representing the contingent right to receive between $55,000 and $220,000 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, 2023) relative to our peers. Examples of the potential grant of shares to Mr. Lawlar under this plan are as follows: 100th percentile rank among peers = maximum award at 200% target ($220,000 in stock); 60th percentile rank among peers = target grant value ($110,000 in stock) and 50th percentile rank among peers = threshold award at 50% of target ($55,000 in stock).
F9 The number shown in Column 5 of Table II assumes a target payout (i.e., $110,000 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. Lawlar will depend on the Total Shareholder Return performance over the 3-year period and will be determined following the termination of that period.
F10 See footnote 6.