Michael L. Clary - Jul 1, 2021 Form 3 Insider Report for HECLA MINING CO/DE/ (HL)

Role
Sr. VP & Chief Admin. Officer
Signature
Tami D. Whitman, Attorney-in-Fact for Michael L. Clary
Stock symbol
HL
Transactions as of
Jul 1, 2021
Transactions value $
$0
Form type
3
Date filed
7/1/2021, 05:08 PM
Next filing
Jun 23, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding HL Common Stock 47.4K Jul 1, 2021 Direct F1
holding HL Common Stock 80.1K Jul 1, 2021 Direct F2

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
holding HL Performance Rights Jul 1, 2021 Common Stock 14K $0.00 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 39,825 shares are held directly by Mr. Clary. 7,566 shares are held in trusts for two minor children.
F2 Restricted stock units that were previously awarded and will vest as follows: 14,492 RSUs, granted 6/21/2019, and vesting on June 21, 2022. 44,004 RSUs, granted 6/22/2020, and vesting 1/3 on June 21, 2022 (22,002 shares), and June 21, 2023 (22,002 shares). 21,574 RSUs, granted 6/21/2021, and vesting 1/3 on June 21, 2022 (7,192 shares), June 21, 2023 (7,191 shares), and June 21, 2024 (7,191 shares).
F3 Mr. Clary 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. Clary 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 award at grant value ($110,000 in stock); and 50th percentile rank among peers =- threshold award at 50% of target ($55,000 in stock).