Kurt Allen - Jun 21, 2022 Form 4 Insider Report for HECLA MINING CO/DE/ (HL)

Role
Vice President - Exploration
Signature
Tami D. Whitman, Attorney-in-Fact for Kurt Allen
Stock symbol
HL
Transactions as of
Jun 21, 2022
Transactions value $
$150,000
Form type
4
Date filed
6/23/2022, 05:00 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 -5.97K -4.72% $0.00 120K Jun 21, 2022 Direct F1, F2
transaction HL Common Stock Award $150K +33.9K +39.11% $4.43 120K Jun 21, 2022 Direct F3, F4
transaction HL Common Stock Other $0 +11.6K $0.00 11.6K Jun 21, 2022 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 +22.6K +23.07% $0.00 120K Jun 21, 2022 Common Stock 22.6K $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. Allen was awarded (i) 14,462 restricted stock units on June 21, 2019; (ii) 26,403 restricted stock units on June 22, 2020; and (iii) 25,381 restricted stock units on June 21, 2021. The restrictions lapsed on 1/3 of those vesting units (24,508 shares). Mr. Allen elected to have Hecla Mining Company withhold 5,968 shares to cover his tax liability.
F2 Total consists of 38,276 shares held directly, 22,573 performance-based shares, and 59,581 unvested restricted stock units.
F3 Award of restricted stock units that vest as follows: 11,287 shares on June 21, 2023; 11,287 shares on June 21, 2024; and 11,286 shares on June 21, 2025.
F4 See footnote 2
F5 Held as 964.936 units in Mr. Allen's 401(k) account under the Hecla Mining Company Capital Accumulation Plan, and estimated to be 11,590 shares.
F6 Mr. Allen was awarded performance rights representing the contingent right to receive between $50,000 and $200,000 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. Allen under this plan are as follows: 100th percentile rank among peers = maximum award at 200% of target ($200,000 in stock); 60th percentile rank among peers = target award at grant value $100,000 in stock); and 50th percentile rank among peers = threshold award at 50% of target ($50,000 in stock).
F7 See footnote 2.