Kurt Allen - Jun 21, 2024 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, 2024
Transactions value $
$119,600
Form type
4
Date filed
6/25/2024, 07:23 PM
Previous filing
Mar 18, 2024
Next filing
Sep 17, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HL Common Stock Sale -$38.8K -7.91K -2.73% $4.91 282K Jun 25, 2024 Direct F1, F2
transaction HL Common Stock Award $158K +30.6K +12.18% $5.17 282K Jun 21, 2024 Direct F3, F4
transaction HL Common Stock Other $0 +20.1K $0.00 20.1K 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 Common Stock Award $0 +48.1K +20.56% $0.00 282K Jun 21, 2024 Common Stock 48.1K $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) 25,381 restricted stock units on June 21, 2021, (ii) 33,860 restricted stock units on June 21, 2022, and (iii) 32,673 restricted stock units on June 21, 2023. The restrictions lapsed on 1/3 of those vesting units (30,638 shares). To cover his tax liability, Hecla Mining Company sold 7,910 shares.
F2 Consists of 108,569 shares held directly, 92,493 performance-based shares, and 81,207 unvested restricted stock units.
F3 Award of restricted stock units that vest as follows: 10,212 shares on June 21, 2025; 10,213 shares on June 21, 2026; and 10,213 shares on June 21, 2027.
F4 See footnote 2.
F5 Held as 1.679.37 units in Mr. Allen's 401(k) account under the Hecla Mining Company Capital Accumulation Plan, and estimated to be 20,149 shares.
F6 Mr. Allen was awarded performance rights representing the contingent right to receive between $62,219 and $497,750 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. Allen under this plan are as follows: 100th percentile rank among peers = maximum award at 200% of target ($497,750 in stock); 50th percentile rank among peers = target award at grant value ($248,875 in stock); and 25th percentile rank among peers = threshold award at 25% of target (%62,219 in stock).
F7 See footnote 2.