Russell D. Lawlar - Jun 21, 2024 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, 2024
Transactions value $
$310,715
Form type
4
Date filed
6/25/2024, 06:39 PM
Previous filing
Mar 18, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HL Common Stock Sale -$57.3K -11.7K -2.88% $4.91 394K Jun 21, 2024 Direct F1, F2
transaction HL Common Stock Award $368K +71.2K +22.06% $5.17 394K Jun 21, 2024 Direct F3, F4
transaction HL Common Stock Other $0 +13.5K $0.00 13.5K Jun 21, 2024 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 +71.2K +22.06% $0.00 394K Jun 21, 2024 Common Stock 71.2K $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. Lawlar was awarded (i) 21,574 restricted stock units on June 21, 2021, (ii) 44,018 restricted stock units on June 21, 2022, and (iii) 44,401 restricted stock units on June 21, 2023. The restrictions lapsed on 1/3 of those vesting units (36,665 shares). To cover his tax liability, Hecla Mining Company sold 11,679 shares.
F2 Consists of 148,308 shares held directly, 130,134 performance-based units, and 115,452 restricted stock units.
F3 Award of restricted stock units that vest as follows: 23,726 shares on June 21, 2025, 23,727 shares on June 21, 2026, and 23,727 shares on June 21, 2027.
F4 See footnote 2.
F5 Held as 1,122.007 units in Mr. Russell's 401(k) account under the Hecla Mining Company Capital Accumulation Plan, and estimated to be 13,462 shares.
F6 Mr. Lawlar was awarded performance rights representing the contingent right to receive between $92,000 and $736,000 worth of Hecla Mining Company common stock based on Hecla Mining Company's Total Shareholder Return performance over the 3-year period (January 1, 2024 to December 31, 2026) 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 ($736,000 in stock); 50th percentile rank among peers = target at grant value ($368,000 in stock); and 25th percentile rank among peers = threshold award at 25% of target ($92,000 in stock).
F7 See footnote 2.