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HECLA MINING CO/DE/ — Director's Dealing 2022
Jun 23, 2022
30738_dirs_2022-06-23_e3b28d14-6169-44df-8b0d-792c77a4fc25.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: Allen Kurt (Vice President - Exploration)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2022-06-21 | Common Stock | F | 5968 | — | Disposed | 120430 | Direct |
| 2022-06-21 | Common Stock | A | 33860 | $4.43 | Acquired | 120430 | Direct |
| 2022-06-21 | Common Stock | J | 11590 | — | Acquired | 11590 | Indirect |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2022-06-21 | Performance rights | $0 | A | 22573 | Acquired | 2026-01-01 | Common Stock (22573) | Direct |
Footnotes
F1: Mr. Allen was awarded (i) 14,462 restricted stock units on June 21, 2019; (ii) 26,403 restricted stock units on June 22, 2020; and (iii) 25,381 restricted stock units on June 21, 2021. The restrictions lapsed on 1/3 of those vesting units (24,508 shares). Mr. Allen elected to have Hecla Mining Company withhold 5,968 shares to cover his tax liability.
F2: Total consists of 38,276 shares held directly, 22,573 performance-based shares, and 59,581 unvested restricted stock units.
F3: Award of restricted stock units that vest as follows: 11,287 shares on June 21, 2023; 11,287 shares on June 21, 2024; and 11,286 shares on June 21, 2025.
F4: See footnote 2
F5: Held as 964.936 units in Mr. Allen's 401(k) account under the Hecla Mining Company Capital Accumulation Plan, and estimated to be 11,590 shares.
F6: Mr. Allen was awarded performance rights representing the contingent right to receive between $50,000 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, 2022 to December 31, 2024) relative to our peers. Examples of the potential grant of shares to Mr. Allen under this plan are as follows: 100th percentile rank among peers = maximum award at 200% of target ($200,000 in stock); 60th percentile rank among peers = target award at grant value $100,000 in stock); and 50th percentile rank among peers = threshold award at 50% of target ($50,000 in stock).
F7: See footnote 2.