HECLA MINING CO/DE/ — Director's Dealing 2024

Jun 25, 2024

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: Brown Robert Denis (VP - Corp. Develop & Sustain.)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2024-06-25	Common Stock	S	24792	$4.905	Disposed	607649	Direct
2024-06-21	Common Stock	A	60479	$5.17	Acquired	607649	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2024-06-21	Performance rights	$0	A	60479	Acquired	2027-01-01	Common Stock (60479)	Direct

Footnotes

F1: Mr. Brown was awarded (i) 20,305 restricted stock units on June 21, 2021, (ii) 38,374 restricted stock units on June 21, 2022, and (iii) 37,030 restricted stock units on June 21, 2023. The restrictions lapsed on 1/3 of those vesting units (31,903 shares). To cover his tax liability, Hecla Mining Company sold 24,792 shares.

F2: Consists of 398,205 shares held directly, 111,488 performance-based shares; and 97,956 unvested restricted stock units.

F3: Award of restricted stock units that vest as follows: 20,159 shares on June 21, 2025, 20,160 shares on June 21, 2026, and 20,160 shares on June 21, 2027.

F4: See footnote 2

F5: Mr. Brown was awarded performance rights representing the contingent right to receive between $78,169 and $625,350 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 21, 2026) relative to our peers. Examples of the potential grant of shares to Mr. Brown under this plan are as follows: 100th percentile potential grant of shares = maximum award at 200% of target ($625,350 in stock); 50th percentile rank among peers = target award at grant value ($312,675 in stock); and 25th percentile rank among peers = threshold award at 25% of target ($78,169 in stock).

F6: See footnote 2.