Filing Details

Accession Number:
0001869029-24-000002
Form Type:
4
Zero Holdings:
No
Publication Time:
2024-06-25 19:23:18
Reporting Period:
2024-06-21
Accepted Time:
2024-06-25 19:23:18
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
719413 Hecla Mining Co HL Mining & Quarrying Of Nonmetallic Minerals (No Fuels) (1400) 770664171
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1869029 Kurt Allen 6500 N. Mineral Dr., Suite 200
Coeur D'Alene ID 83815
Vp - Exploration No Yes No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Disposition 2024-06-25 7,910 $4.91 282,269 No 4 S Direct
Common Stock Acquisiton 2024-06-21 30,638 $5.17 282,269 No 4 A Direct
Common Stock Acquisiton 2024-06-21 20,149 $0.00 20,149 No 4 J Indirect Held in 401(k) Plan Account
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 S Direct
No 4 A Direct
No 4 J Indirect Held in 401(k) Plan Account
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock Common Stock Acquisiton 2024-06-21 48,138 $0.00 48,138 $0.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
282,269 2027-01-01 2027-01-01 No 4 A Direct
Footnotes
  1. 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.
  2. Consists of 108,569 shares held directly, 92,493 performance-based shares, and 81,207 unvested restricted stock units.
  3. 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.
  4. See footnote 2.
  5. 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.
  6. 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).
  7. See footnote 2.