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HECLA MINING CO/DE/ — Director's Dealing 2022
Jun 23, 2022
30738_dirs_2022-06-23_5d925c1f-061b-4f08-9e2b-51466d7b4b3f.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: Clary Michael L. (Sr. Vice President & CAO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2022-06-21 | Common Stock | F | 26609 | — | Disposed | 182531 | Direct |
| 2022-06-21 | Common Stock | A | 40632 | $4.43 | Acquired | 182531 | Direct |
| 2022-06-21 | Common Stock | J | 591 | — | Acquired | 591 | Indirect |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2022-06-21 | Performance rights | $0 | A | 27088 | Acquired | 2026-01-01 | Common Stock (27088) | Direct |
Footnotes
F1: Mr. Clary was awarded (i) 43,478 restricted stock units on June 21, 2019; (ii) 66,007 restricted stock units on June 22, 2020; and 21,574 restricted stock units on June 21, 2021. The restrictions lapsed on 1/3 of those vesting units (43,686 shares). Mr. Clary elected to have Hecla Mining Company withhold 26,609 shares to cover his tax liability.
F2: Consists of 56,902 shares held directly, 7,566 held in trust for the benefit of 2 minor children, 41,047 performance-based shares, and 77,016 unvested restricted stock units.
F3: Award of restricted stock units that vest as follows: 13,544 shares on June 21, 2023; 13,544 shares on June 21, 2024; and 13,544 shares on June 21, 2025.
F4: See footnote 2.
F5: Held as 49.191 units in Mr. Clary's 401(k) account under the Hecla Mining Company Capital Accumulation Plan, and estimated to be 591 shares.
F6: Mr. Clary was awarded performance rights representing the contingent right to receive between $60,000 and $240,000 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. Clary under this plan are as follows: 100th percentile rank among peers = maximum award at 200% of target ($240,000 in stock); 60th percentile rank among peers = target award at grant value $120,000 in stock); and 50th percentile rank among peers = threshold award at 50% of target ($60,000 in stock).
F7: See footnote 2.