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HECLA MINING CO/DE/ — Director's Dealing 2025
Jun 25, 2025
30738_dirs_2025-06-25_de84504d-be32-47c1-883c-417e32c8bd46.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: 2025-06-23
Reporting Person: Clary Michael L. (Sr. VP & CAO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2025-06-23 | Common Stock | F | 28767 | $5.82 | Disposed | 431672 | Direct |
| 2025-06-23 | Common Stock | A | 60137 | $5.82 | Acquired | 431672 | Direct |
| 2025-06-23 | Common Stock | J | 16271 | — | Acquired | 16271 | Indirect |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2025-06-23 | Performance rights | $0 | A | 60137 | Acquired | 2028-01-01 | Common Stock (60137) | Direct |
Footnotes
F1: Mr. Clary was awarded (i) 40,632 restricted stock units on June 21, 2022; 40,990 restricted stock units on June 21, 2023; and 66,397 restricted stock units on June 21, 2024. One-third of those restricted stock units vested on June 23, 2025. To cover his tax liability on those vested units, Hecla Mining Company withheld 28,767 shares.
F2: Consists of 159,746 shares held directly, 153,861 performance-based units, and 118,065 unvested restricted stock units.
F3: Award of restricted stock units that vest as follows: 20,046 shares on June 21, 2026; 20,046 shares on June 21, 2027; and 20,045 shares on June 21, 2028.
F4: See footnote 2.
F5: Held as 1,359.025 units in Mr. Clary's 401(k) account under the Hecla Mining Company Capital Accumulation Plan and estimated to be 16,271 shares.
F6: Mr. Clary was awarded performance rights representing the contingent right to receive between $350,000 and $700,000 worth of Hecla Mining Company common stock based on Hecla Mining Company's Total Shareholder Return performance over the 3-year period (January 1, 2025 to December 31, 2027) 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 ($700,000 in stock);; 50th percentile rank among peers = target award at grant value ($350,000 in stock), and 0 percentile rank among peers = threshold award below 25% of target.
F7: See footnote 2.