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HECLA MINING CO/DE/ — Director's Dealing 2022
Jun 23, 2022
30738_dirs_2022-06-23_e3b25662-2dac-4a8f-97a3-cd8521a2268e.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: HECLA MINING CO/DE/ (HL)
CIK: 0000719413
Period of Report: 2022-06-21
Reporting Person: Roberts Lauren M (Sr. Vice President & COO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2022-06-21 | Common Stock | F | 31286 | — | Disposed | 811639 | Direct |
| 2022-06-21 | Common Stock | A | 67720 | $4.43 | Acquired | 811639 | Direct |
| 2022-06-21 | Common Stock | J | 6172 | — | Acquired | 6172 | Indirect |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2022-06-21 | Performance rights | $0 | A | 45146 | Acquired | 2026-01-01 | Common Stock (45146) | Direct |
Footnotes
F1: Mr. Roberts was awarded (i) 111,940 restricted stock units on August 5, 2019; (ii) 74,257 restricted stock units on June 22, 2020; and (iii) 28,553 restricted stock units on June 21, 2021. The restrictions lapsed on 1/3 of those vesting units (71,583 shares). Mr. Roberts elected to have Hecla Mining Company withhold 31,286 shares to cover his tax liability.
F2: Consists of 247,505 shares held directly, 113,687 performance-based units, 111,328 unvested restricted stock units, and 339,119 shares deferred under the Hecla Mining Company Key Employee Deferred Compensation Plan.
F3: Award of restricted stock units that vest as follows: 22,573 shares on June 21, 2023; 22,573 shares on June 21, 2024; and 22,574 shares on June 21, 2025.
F4: See footnote 2.
F5: Held as 513.881 units in Mr. Robert's 401(k) account under the Hecla Mining Company Capital Accumulation Plan, and estimated to be 6,172 shares.
F6: Mr. Roberts was awarded performance rights representing the contingent right to receive between $100,000 and $400,000 worth of Hecla Mining Company common stock based on Hecla Mining Company's Total Shareholder Return performance over the 3-year period (January 1, 2022 to December 31, 2024) relative to our peers. examples of the potential grant of shares to Mr. Roberts under this plan are as follows: 100th percentile rank among peers = maximum award at 200% of target ($400,000 in stock); 60th percentile rank among peers = target award at grant value ($200,000 in stock); and 50th percentile rank among peers = threshold award at 50% of target ($100,000 in stock).
F7: See footnote 2.