HECLA MINING CO/DE/ — Director's Dealing 2022

Jun 23, 2022

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: Brown Robert Denis (VP - Corp. Dev. & Sustain.)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-06-21	Common Stock	F	27579	—	Disposed	434355	Direct
2022-06-21	Common Stock	A	38374	$4.43	Acquired	434355	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2022-06-21	Performance rights	$0	A	25959	Acquired	2026-01-01	Common Stock (25959)	Direct

Footnotes

F1: Mr. Brown was awarded (i) 81,522 restricted stock units on June 21, 2019, (ii) 52,805 restricted stock units on June 22, 2020; and (iii) 20,305 restricted stock units on June 21, 2021. The restrictions lapsed on 1/3 of those vesting units (51,545 shares). Mr. Brown elected to have Hecla Mining Company withhold 27,579 shares to cover his tax liability.

F2: Consists of 290,907 shares held directly, 73,937 performance-based shares; and 69,511 unvested restricted stock units.

F3: Award of restricted stock units that vest as follows: 12,791 shares on June 21, 2023, 12,791 shares on June 21, 2024, and 12,792 shares on June 21, 2025.

F4: See footnote 2.

F5: Mr. Brown was awarded performance rights representing the contingent right to receive between $57,500 and $230,000 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. Brown under this plan are as follows: 100th percentile rank among peers = maximum award at 200% of target ($230,000 in stock); 60th percentile rank among peers = target award at grant value ($115,000 in stock); and 50th percentile rank among peers = threshold award at 50% of target ($57,500 in stock).

F6: See footnote 2.