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HECLA MINING CO/DE/ — Director's Dealing 2024
Jun 25, 2024
30738_dirs_2024-06-25_2efc341d-f7a0-4db9-b0fe-c47ba89c2506.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: Clary Michael L. (Sr. VP & CAO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-06-25 | Common Stock | S | 30634 | $4.905 | Disposed | 351972 | Direct |
| 2024-06-21 | Common Stock | A | 66397 | $5.17 | Acquired | 351972 | Direct |
| 2024-06-21 | Common Stock | J | 9137 | — | Acquired | 9137 | Indirect |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2024-06-21 | Performance rights | $0 | A | 66397 | Acquired | 2027-01-01 | Common Stock (66397) | Direct |
Footnotes
F1: Mr. Clary was awarded (i) 21,574 restricted stock units on June 21, 2021, (ii) 40,632 restricted stock units n June 21, 2022, and (iii) 40,990 restricted stock units on June 21, 2023. The restrictions lapsed on 1/3 of those vesting units (34,399 shares). To cover his tax liability, Hecla Mining Company sold 30,634 of those shares.
F2: Consists of 123,893 shares held directly, 120,812 performance-based units, and 107,267 unvested restricted stock units.
F3: Award of restricted stock units that vest as follows: 22,132 shares on June 21, 2025; 22,132 shares on June 21, 2026; and 22,133 shares on June 21, 2027.
F4: See footnote 2.
F5: Held as 761.561 units in Mr. Clary's 401(k) account under the Hecla Mining Company Capital Accumulation Plan, and estimated to be 9,137 shares.
F6: Mr. Clary was awarded performance rights representing the contingent right to receive between $171,638 and $686,660 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. Clary under this plan are as follows: 100th percentile rank among peers = maximum award at 200% of target ($686,660 in stock); 50th percentile rank among peers = target award at grant value ($343,275 in stock); and 25th percentile rank among peers = threshold award at 25% of target ($85,819 in stock).
F7: See footnote 2.