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HECLA MINING CO/DE/ — Director's Dealing 2024
Jun 25, 2024
30738_dirs_2024-06-25_0573999f-01ac-4e34-a43b-a264cfd9bd48.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: Lawlar Russell Douglas (Sr. VP & CFO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-06-21 | Common Stock | S | 11679 | $4.905 | Disposed | 393894 | Direct |
| 2024-06-21 | Common Stock | A | 71180 | $5.17 | Acquired | 393894 | Direct |
| 2024-06-21 | Common Stock | J | 13462 | — | Acquired | 13462 | Indirect |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2024-06-21 | Performance rights | $0 | A | 71180 | Acquired | 2027-01-01 | Common Stock (71180) | Direct |
Footnotes
F1: Mr. Lawlar was awarded (i) 21,574 restricted stock units on June 21, 2021, (ii) 44,018 restricted stock units on June 21, 2022, and (iii) 44,401 restricted stock units on June 21, 2023. The restrictions lapsed on 1/3 of those vesting units (36,665 shares). To cover his tax liability, Hecla Mining Company sold 11,679 shares.
F2: Consists of 148,308 shares held directly, 130,134 performance-based units, and 115,452 restricted stock units.
F3: Award of restricted stock units that vest as follows: 23,726 shares on June 21, 2025, 23,727 shares on June 21, 2026, and 23,727 shares on June 21, 2027.
F4: See footnote 2.
F5: Held as 1,122.007 units in Mr. Russell's 401(k) account under the Hecla Mining Company Capital Accumulation Plan, and estimated to be 13,462 shares.
F6: Mr. Lawlar was awarded performance rights representing the contingent right to receive between $92,000 and $736,000 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. Lawlar under this plan are as follows: 100th percentile rank among peers = maximum award at 200% of target ($736,000 in stock); 50th percentile rank among peers = target at grant value ($368,000 in stock); and 25th percentile rank among peers = threshold award at 25% of target ($92,000 in stock).
F7: See footnote 2.