Russell D. Lawlar - Jun 21, 2023 Form 4 Insider Report for HECLA MINING CO/DE/ (HL)

Role
Sr. VP & CFO
Signature
Tami D. Whitman, Attorney-in-Fact for Russell D. Lawlar
Stock symbol
HL
Transactions as of
Jun 21, 2023
Transactions value $
$224,225
Form type
4
Date filed
6/23/2023, 01:16 PM
Previous filing
Jun 23, 2022
Next filing
Feb 28, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HL Common Stock Tax liability $0 -8.58K -4.25% $0.00 194K Jun 21, 2023 Direct F1, F2
transaction HL Common Stock Other $0 -6.48K -3.35% $0.00 187K Jun 21, 2023 Direct F3, F4
transaction HL Common Stock Award $224K +44.4K +31.12% $5.05 187K Jun 21, 2023 Direct F5, F6
transaction HL Common Stock Other $0 +9.54K $0.00 9.54K Jun 21, 2023 Held in 401(k) Plan Account 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 +29.6K +18.81% $0.00 187K Jun 21, 2023 Common Stock 29.6K $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) 19,802 restricted stock units on June 22, 2020, (ii) 21,574 restricted stock units on June 21, 2021, and (iii) 44,018 restricted stock units on June 21, 2022. The restrictions lapsed on 1/3 of those vesting units (28,464 shares). Mr. Lawlar elected to have Hecla Mining Company withhold 8,583 shares to cover his tax liability.
F2 Consists of 39,682 shares held directly, 72,913 performance-based units, and 80,937 restricted stock units.
F3 Shares transferred to ex-spouse pursuant to a domestic relations order.
F4 Consists of 33,207 shares held directly, 72,913 performance-based units, and 80,937 restricted stock units.
F5 Award of restricted stock units that vest as follows: 14,801 shares on June 21, 2024, 14,800 shares on June 21, 2025, and 14,800 shares on June 21, 2026.
F6 See footnote 4.
F7 Held as 794.663 units in Mr. Lawlar's 401(k) account under the Hecla Mining Company Capital Accumulation Plan, and estimated to be 9,536 shares.
F8 Mr. Lawlar was awarded performance rights representing the contingent right to receive between $74,763 and $299,050 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. Lawlar under this plan are as follows: 100th percentile rank among peers = maximum award at 200% of target ($299,050 in stock); 40th to 60th percentile rank among peers = target at grant value ($149,525 in stock); and 25th percentile rank among peers = threshold award at 50% of target ($74,763 in stock).
F9 See footnote 4.