HECLA MINING CO/DE/ — Director's Dealing 2023

Jun 23, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: HECLA MINING CO/DE/ (HL)
CIK: 0000719413
Period of Report: 2023-06-21

Reporting Person: BAKER PHILLIPS S JR (Director, President & CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-06-21	Common Stock	A	141584	$5.05	Acquired	5544505	Direct
2023-06-21	Common Stock	A	50515	—	Acquired	50515	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-06-21	Performance rights	$0	A	141584	Acquired	2026-01-01	Common Stock (141584)	Direct

Footnotes

F1: Award of restricted stock units that vest as follows: 47,195 shares on June 21, 2024, 47,195 shares on June 21, 2025, and 47,194 shares on June 21, 2026.

F2: Consists of 3,136,227 shares held directly, 1,795,964 shares deferred under the Hecla Mining Company Key Employee Deferred compensation Plan, 351,762 performance-based units, and 260,552 unvested restricted stock units.

F3: Held as 4,209.622 units in Mr. Baker's 401(k) account under the Hecla Mining Company Capital Accumulation Plan, and estimated to be 50,515 shares.

F4: Mr. Baker was awarded performance rights representing the contingent right to receive between $357,500 and $1,430,000 worth of Hecla Mining Company common stock based on Hecla Mining Company's Total Shareholder Return performance over the 3-year period (January 1, 2023 to December 31, 2025) relative to our peers. Examples of the potential grant of shares to Mr. Baker under this plan are as follows: 100th percentile rank among peers = maximum award at 200% of target ($1,430,000 in stock); 40th to 60th percentile rank among peers = target award at grant value ($715,000 in stock); and 25th percentile rank among peers = threshold award at 50% of target ($357,500 in stock).

F5: See footnote 2.