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: Lawlar Russell Douglas (Sr. VP & CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-06-21	Common Stock	F	8583	—	Disposed	193532	Direct
2023-06-21	Common Stock	J	6475	—	Disposed	187057	Direct
2023-06-21	Common Stock	A	44401	$5.05	Acquired	187057	Direct
2023-06-21	Common Stock	J	9536	—	Acquired	9536	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-06-21	Performance rights	$0	A	29609	Acquired	2026-01-01	Common Stock (29609)	Direct

Footnotes

F1: Mr. Lawlar was awarded (i) 19,802 restricted stock units on June 22, 2020, (ii) 21,574 restricted stock units on June 21, 2021, and (iii) 44,018 restricted stock units on June 21, 2022. The restrictions lapsed on 1/3 of those vesting units (28,464 shares). Mr. Lawlar elected to have Hecla Mining Company withhold 8,583 shares to cover his tax liability.

F2: Consists of 39,682 shares held directly, 72,913 performance-based units, and 80,937 restricted stock units.

F3: Shares transferred to ex-spouse pursuant to a domestic relations order.

F4: Consists of 33,207 shares held directly, 72,913 performance-based units, and 80,937 restricted stock units.

F5: Award of restricted stock units that vest as follows: 14,801 shares on June 21, 2024, 14,800 shares on June 21, 2025, and 14,800 shares on June 21, 2026.

F6: See footnote 4.

F7: Held as 794.663 units in Mr. Lawlar's 401(k) account under the Hecla Mining Company Capital Accumulation Plan, and estimated to be 9,536 shares.

F8: Mr. Lawlar was awarded performance rights representing the contingent right to receive between $74,763 and $299,050 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. Lawlar under this plan are as follows: 100th percentile rank among peers = maximum award at 200% of target ($299,050 in stock); 40th to 60th percentile rank among peers = target at grant value ($149,525 in stock); and 25th percentile rank among peers = threshold award at 50% of target ($74,763 in stock).

F9: See footnote 4.