Michael L. Clary - 21 Jun 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
Issuer symbol
HL
Transactions as of
21 Jun 2024
Net transactions value
+$193,013
Form type
4
Filing time
25 Jun 2024, 18:17:25 UTC
Previous filing
18 Mar 2024
Next filing
26 Feb 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HL Common Stock Sale $150,260 -30,634 -8% $4.90 351,972 25 Jun 2024 Direct F1, F2
transaction HL Common Stock Award $343,272 +66,397 +23% $5.17 351,972 21 Jun 2024 Direct F3, F4
transaction HL Common Stock Other $0 +9,137 $0.000000 9,137 21 Jun 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 +66,397 +23% $0.000000 351,972 21 Jun 2024 Common Stock 66,397 $0.000000 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.