Stuart Maurice Absolom - 21 Jun 2024 Form 4 Insider Report for HECLA MINING CO/DE/ (HL)

Role
VP - Principal Acctg. Officer
Signature
Tami D. Whitman, Attorney-in-Fact for Stuart M. Absolom
Issuer symbol
HL
Transactions as of
21 Jun 2024
Net transactions value
+$77,931
Form type
4
Filing time
25 Jun 2024, 20:19:02 UTC
Previous filing
21 May 2024
Next filing
26 Feb 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HL Common Stock Sale $22,068 -4,499 -6.1% $4.90 69,036 25 Jun 2024 Direct F1, F2
transaction HL Common Stock Award $99,998 +19,342 +39% $5.17 69,036 21 Jun 2024 Direct F3, F4
transaction HL Common Stock Other $0 +11,328 $0.000000 11,328 21 Jun 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 Performance rights Award $0 +19,342 +39% $0.000000 69,036 21 Jun 2024 Common Stock 19,342 $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. Absolom was awarded (i) 22,573 restricted stock units on June 21, 2022, and (ii) 19,802 restricted stock units on June 21, 2023. To cover his tax liability, Hecla Mining Company sold 4,499 shares.
F2 Consists of 9,626 shares held directly, 19,342 performance-based shares, and 40,068 unvested restricted stock units.
F3 Award of restricted stock units that vest as follows: 6,447 shares on June 21, 2025, 6,447 shares on June 21, 2026, and 6,448 shares on June 21, 2027.
F4 See footnote 2.
F5 Held as 944.154 units in Mr. Absolom's 401(k) account under the Hecla Mining Company Capital Accumulation Plan, and estimated to be 11,328 shares.
F6 Mr. Absolom was awarded performance rights representing the contingent right to receive between $25,000 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, 2024 to December 31, 2026) relative to our peers. Examples of the potential grant of shares to Mr. Absolom under this plan are as follows: 100th percentile rank among peers = maximum award at 200% of target ($200,000 in stock); 50th percentile rank among peers = target award at grant value ($100,000 in stock), and 25th percentile rank among peers = threshold award at 25% of target ($25,000 in stock).
F7 See footnote 2.