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HECLA MINING CO/DE/ — Director's Dealing 2024
Jun 25, 2024
30738_dirs_2024-06-25_48af82ec-d605-4102-9a4d-22c6f90ce314.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: 2024-06-21
Reporting Person: Absolom Stuart Maurice (VP - Principal Acctg. Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-06-25 | Common Stock | S | 4499 | $4.905 | Disposed | 69036 | Direct |
| 2024-06-21 | Common Stock | A | 19342 | $5.17 | Acquired | 69036 | Direct |
| 2024-06-21 | Common Stock | J | 11328 | — | Acquired | 11328 | Indirect |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2024-06-21 | Performance rights | $0 | A | 19342 | Acquired | 2027-01-01 | Common Stock (19342) | Direct |
Footnotes
F1: Mr. Absolom was awarded (i) 22,573 restricted stock units on June 21, 2022, and (ii) 19,802 restricted stock units on June 21, 2023. To cover his tax liability, Hecla Mining Company sold 4,499 shares.
F2: Consists of 9,626 shares held directly, 19,342 performance-based shares, and 40,068 unvested restricted stock units.
F3: Award of restricted stock units that vest as follows: 6,447 shares on June 21, 2025, 6,447 shares on June 21, 2026, and 6,448 shares on June 21, 2027.
F4: See footnote 2.
F5: Held as 944.154 units in Mr. Absolom's 401(k) account under the Hecla Mining Company Capital Accumulation Plan, and estimated to be 11,328 shares.
F6: Mr. Absolom was awarded performance rights representing the contingent right to receive between $25,000 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, 2024 to December 31, 2026) relative to our peers. Examples of the potential grant of shares to Mr. Absolom under this plan are as follows: 100th percentile rank among peers = maximum award at 200% of target ($200,000 in stock); 50th percentile rank among peers = target award at grant value ($100,000 in stock), and 25th percentile rank among peers = threshold award at 25% of target ($25,000 in stock).
F7: See footnote 2.