Michael L. Clary - 23 Jun 2025 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
23 Jun 2025
Net transactions value
+$182,573
Form type
4
Filing time
25 Jun 2025, 18:03:09 UTC
Previous filing
26 Feb 2025
Next filing
19 Dec 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Clary Michael L. Sr. VP & CAO 6500 N. MINERAL DR., SUITE 200, COEUR D'ALENE Tami D. Whitman, Attorney-in-Fact for Michael L. Clary 25 Jun 2025 0001867048

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HL Common Stock Tax liability $167,424 -28,767 -6.2% $5.82 431,672 23 Jun 2025 Direct F1, F2
transaction HL Common Stock Award $349,997 +60,137 +16% $5.82 431,672 23 Jun 2025 Direct F3, F4
transaction HL Common Stock Other $0 +16,271 $0.000000 16,271 23 Jun 2025 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 +60,137 +16% $0.000000 431,672 23 Jun 2025 Common Stock 60,137 $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) 40,632 restricted stock units on June 21, 2022; 40,990 restricted stock units on June 21, 2023; and 66,397 restricted stock units on June 21, 2024. One-third of those restricted stock units vested on June 23, 2025. To cover his tax liability on those vested units, Hecla Mining Company withheld 28,767 shares.
F2 Consists of 159,746 shares held directly, 153,861 performance-based units, and 118,065 unvested restricted stock units.
F3 Award of restricted stock units that vest as follows: 20,046 shares on June 21, 2026; 20,046 shares on June 21, 2027; and 20,045 shares on June 21, 2028.
F4 See footnote 2.
F5 Held as 1,359.025 units in Mr. Clary's 401(k) account under the Hecla Mining Company Capital Accumulation Plan and estimated to be 16,271 shares.
F6 Mr. Clary was awarded performance rights representing the contingent right to receive between $350,000 and $700,000 worth of Hecla Mining Company common stock based on Hecla Mining Company's Total Shareholder Return performance over the 3-year period (January 1, 2025 to December 31, 2027) 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 ($700,000 in stock);; 50th percentile rank among peers = target award at grant value ($350,000 in stock), and 0 percentile rank among peers = threshold award below 25% of target.
F7 See footnote 2.