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HECLA MINING CO/DE/ — Director's Dealing 2024
Jun 25, 2024
30738_dirs_2024-06-25_772fa846-3eca-49cc-9c0b-218e0b131dea.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: Allen Kurt (VP - Exploration)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-06-25 | Common Stock | S | 7910 | $4.905 | Disposed | 282269 | Direct |
| 2024-06-21 | Common Stock | A | 30638 | $5.17 | Acquired | 282269 | Direct |
| 2024-06-21 | Common Stock | J | 20149 | — | Acquired | 20149 | Indirect |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2024-06-21 | Common Stock | $0 | A | 48138 | Acquired | 2027-01-01 | Common Stock (48138) | Direct |
Footnotes
F1: Mr. Allen was awarded (i) 25,381 restricted stock units on June 21, 2021, (ii) 33,860 restricted stock units on June 21, 2022, and (iii) 32,673 restricted stock units on June 21, 2023. The restrictions lapsed on 1/3 of those vesting units (30,638 shares). To cover his tax liability, Hecla Mining Company sold 7,910 shares.
F2: Consists of 108,569 shares held directly, 92,493 performance-based shares, and 81,207 unvested restricted stock units.
F3: Award of restricted stock units that vest as follows: 10,212 shares on June 21, 2025; 10,213 shares on June 21, 2026; and 10,213 shares on June 21, 2027.
F4: See footnote 2.
F5: Held as 1.679.37 units in Mr. Allen's 401(k) account under the Hecla Mining Company Capital Accumulation Plan, and estimated to be 20,149 shares.
F6: Mr. Allen was awarded performance rights representing the contingent right to receive between $62,219 and $497,750 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. Allen under this plan are as follows: 100th percentile rank among peers = maximum award at 200% of target ($497,750 in stock); 50th percentile rank among peers = target award at grant value ($248,875 in stock); and 25th percentile rank among peers = threshold award at 25% of target (%62,219 in stock).
F7: See footnote 2.