Michael L. Clary - Jun 21, 2024 Form 4 Insider Report for HECLA MINING CO/DE/ (HL)

Role
Sr. VP & CAO
Signature
Tami D. Whitman, Attorney-in-Fact for Michael L. Clary
Stock symbol
HL
Transactions as of
Jun 21, 2024
Transactions value $
$193,013
Form type
4
Date filed
6/25/2024, 06:17 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 -$150K -30.6K -8.01% $4.91 352K Jun 25, 2024 Direct F1, F2
transaction HL Common Stock Award $343K +66.4K +23.25% $5.17 352K Jun 21, 2024 Direct F3, F4
transaction HL Common Stock Other $0 +9.14K $0.00 9.14K 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 +66.4K +23.25% $0.00 352K Jun 21, 2024 Common Stock 66.4K $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) 21,574 restricted stock units on June 21, 2021, (ii) 40,632 restricted stock units n June 21, 2022, and (iii) 40,990 restricted stock units on June 21, 2023. The restrictions lapsed on 1/3 of those vesting units (34,399 shares). To cover his tax liability, Hecla Mining Company sold 30,634 of those shares.
F2 Consists of 123,893 shares held directly, 120,812 performance-based units, and 107,267 unvested restricted stock units.
F3 Award of restricted stock units that vest as follows: 22,132 shares on June 21, 2025; 22,132 shares on June 21, 2026; and 22,133 shares on June 21, 2027.
F4 See footnote 2.
F5 Held as 761.561 units in Mr. Clary's 401(k) account under the Hecla Mining Company Capital Accumulation Plan, and estimated to be 9,137 shares.
F6 Mr. Clary was awarded performance rights representing the contingent right to receive between $171,638 and $686,660 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. Clary under this plan are as follows: 100th percentile rank among peers = maximum award at 200% of target ($686,660 in stock); 50th percentile rank among peers = target award at grant value ($343,275 in stock); and 25th percentile rank among peers = threshold award at 25% of target ($85,819 in stock).
F7 See footnote 2.