Kurt Allen - Jun 21, 2023 Form 4 Insider Report for HECLA MINING CO/DE/ (HL)

Role
VP - Exploration
Signature
Tami D. Whitman, Attorney-in-Fact for Kurt Allen
Stock symbol
HL
Transactions as of
Jun 21, 2023
Transactions value $
$164,999
Form type
4
Date filed
6/23/2023, 11:56 AM
Previous filing
Jun 23, 2022
Next filing
Mar 18, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HL Common Stock Tax liability $0 -6.95K -3.98% $0.00 168K Jun 21, 2023 Direct F1, F2
transaction HL Common Stock Award $165K +32.7K +24.16% $5.05 168K Jun 21, 2023 Direct F3, F4
transaction HL Common Stock Other $0 +16.2K $0.00 16.2K Jun 21, 2023 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 +21.8K +14.9% $0.00 168K Jun 21, 2023 Common Stock 21.8K $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) 26,403 restricted stock units on June 22, 2020, (ii) 25,381 restricted stock units on June 21, 2021, and (iii) 33,860 restricted stock units on June 21, 2022. The restrictions lapsed on 1/3 of those vesting units (28,548 shares). Mr. Allen elected to have Hecla Mining Company withhold 6,954 shares to cover his tax liability.
F2 Consists of 59,870 shares held directly, 44,355 performance-based shares, and 63,707 unvested restricted stock units.
F3 Award of restricted stock units that vest as follows: 10,891 shares on June 21, 2024, 10,891 shares on June 21, 2025, and 10,891 shares on June 21, 2026.
F4 See footnote 2.
F5 Held as 1,352.136 units in Mr. Allen's 401(k) account under the Hecla Mining Company Capital Accumulation Plan, and estimated to be 16,226 shares.
F6 Mr. Allen was awarded performance rights representing the contingent right to receive between $55,000 and $220,000 worth of Hecla Mining Company common stock based on Hecla Mining Company's Total Shareholder Return performance over the 3-year period (January 1, 2023 to December 31, 2025) 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 ($220,000 in stock); 40th to 60th percentile rank among peers = target award at grant value ($110,000 in stock); and 25th percentile rank among peers = threshold award at 50% of target ($55,000 in stock).
F7 See footnote 2.