Russell D. Lawlar - Jun 21, 2022 Form 4 Insider Report for HECLA MINING CO/DE/ (HL)

Role: Sr. Vice President & CFO
Signature: Attorney-in-Fact for Russell D. Lawlar
Stock symbol: HL
Transactions as of: Jun 21, 2022
Transactions value $: $195,000
Form type: 4
Date filed: 6/23/2022, 06:59 PM
Previous filing: Jun 23, 2021
Next filing: Jun 23, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	HL	Common Stock	Tax liability	$0	-7.05K	-5.02%	$0.00	133K	Jun 21, 2022	Direct	F1, F2
transaction	HL	Common Stock	Other	$0	-5.2K	-3.9%	$0.00	128K	Jun 21, 2022	Direct	F3, F4
transaction	HL	Common Stock	Award	$195K	+44K	+52.35%	$4.43	128K	Jun 21, 2022	Direct	F5, F6
transaction	HL	Common Stock	Other	$0	+4.63K		$0.00	4.63K	Jun 21, 2022	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	+29.3K	+29.71%	$0.00	128K	Jun 21, 2022	Common Stock	29.3K	$0.00	Direct	F8, F9

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Mr. Lawlar was awarded (i) 27,174 restricted stock units on June 21, 2019; (ii) 19,802 restricted stock units on June 22, 2020; and (iii) 21,574 restricted stock units on June 21, 2021. The restrictions lapsed on 1/3 of those vesting units (22,851 shares)r. Mr. Lawlar elected to have Hecla Mining Company withhold 7,051 shares to cover his tax liability.
F2	Consists of 25,000 shares held directly, 43,304 performance-based units, and 65,000 restricted stock units.
F3	Shares transferred to ex-spouse pursuant to a domestic relations order.
F4	Consists of 19,801 shares held directly, 43,304 performance-based shares, and 65,000 unvested restricted stock units.
F5	Award of restricted stock units that vest as follows: 14,672 shares on June 21, 2023, 14,673 shares on June 21, 2024, and 14,673 shares on June 21, 2025.
F6	See footnote 4.
F7	Held as 385.596 units in Mr. Lawlar's 401(k) account under the Hecla Mining Company Capital Accumulation Plan, and estimated to be 4,632 shares.
F8	Mr. Lawlar was awarded performance rights representing the contingent right to receive between $65,000 and $260,000 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. Lawlar under this plan are as follows: 100th percentile rank among peers = maximum award at 200% of target ($260,000 in stock); 60th percentile rank among peers = target at grant value ($130,000 in stock); and 50th percentile rank among peers = threshold award at 50% of target ($65,000 in stock).
F9	See footnote 4.