Stuart M. Absolom - Jun 21, 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
Stock symbol
HL
Transactions as of
Jun 21, 2024
Transactions value $
$77,931
Form type
4
Date filed
6/25/2024, 08:19 PM
Previous filing
May 21, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HL Common Stock Sale -$22.1K -4.5K -6.12% $4.91 69K Jun 25, 2024 Direct F1, F2
transaction HL Common Stock Award $100K +19.3K +38.92% $5.17 69K Jun 21, 2024 Direct F3, F4
transaction HL Common Stock Other $0 +11.3K $0.00 11.3K 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 Performance rights Award $0 +19.3K +38.92% $0.00 69K Jun 21, 2024 Common Stock 19.3K $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. 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.