Michael L. Clary - Jun 21, 2022 Form 4 Insider Report for HECLA MINING CO/DE/ (HL)

Role
Sr. Vice President & CAO
Signature
Attorney-in-Fact for Michael L. Clary
Stock symbol
HL
Transactions as of
Jun 21, 2022
Transactions value $
$180,000
Form type
4
Date filed
6/23/2022, 06:15 PM
Previous filing
Jul 1, 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 -26.6K -12.72% $0.00 183K Jun 21, 2022 Direct F1, F2
transaction HL Common Stock Award $180K +40.6K +28.63% $4.43 183K Jun 21, 2022 Direct F3, F4
transaction HL Common Stock Other $0 +591 $0.00 591 Jun 21, 2022 By 401(k) Plan 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 +27.1K +17.43% $0.00 183K Jun 21, 2022 Common Stock 27.1K $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. Clary was awarded (i) 43,478 restricted stock units on June 21, 2019; (ii) 66,007 restricted stock units on June 22, 2020; and 21,574 restricted stock units on June 21, 2021. The restrictions lapsed on 1/3 of those vesting units (43,686 shares). Mr. Clary elected to have Hecla Mining Company withhold 26,609 shares to cover his tax liability.
F2 Consists of 56,902 shares held directly, 7,566 held in trust for the benefit of 2 minor children, 41,047 performance-based shares, and 77,016 unvested restricted stock units.
F3 Award of restricted stock units that vest as follows: 13,544 shares on June 21, 2023; 13,544 shares on June 21, 2024; and 13,544 shares on June 21, 2025.
F4 See footnote 2.
F5 Held as 49.191 units in Mr. Clary's 401(k) account under the Hecla Mining Company Capital Accumulation Plan, and estimated to be 591 shares.
F6 Mr. Clary was awarded performance rights representing the contingent right to receive between $60,000 and $240,000 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. Clary under this plan are as follows: 100th percentile rank among peers = maximum award at 200% of target ($240,000 in stock); 60th percentile rank among peers = target award at grant value $120,000 in stock); and 50th percentile rank among peers = threshold award at 50% of target ($60,000 in stock).
F7 See footnote 2.