Carlos Aguiar Rodriguez - Dec 16, 2023 Form 3 Insider Report for HECLA MINING CO/DE/ (HL)

Signature
Tami D. Whitman, Attorney-in-Fact for Carlos Aguiar Rodriguez
Stock symbol
HL
Transactions as of
Dec 16, 2023
Transactions value $
$0
Form type
3
Date filed
2/5/2024, 05:30 PM
Next filing
Mar 18, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding HL Common Stock 51.3K Dec 16, 2023 Direct F1

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
holding HL Performance-based units Dec 16, 2023 Common Stock 21.3K $0.00 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Consists of: 22,413 RSUs that vest on 6/21/24; 18,183 RSUs that vest on 6/21/25; and 10,659 RSUs that vest on 6/21/26.
F2 Mr. Aguiar 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. Aguiar 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 at grant value ($110,000 in stock); and 25th percentile rank among peers = threshold award at 50% of target ($55,000 in stock).