Filing Details

Accession Number:
0002024032-24-000002
Form Type:
4
Zero Holdings:
No
Publication Time:
2024-06-25 20:19:02
Reporting Period:
2024-06-21
Accepted Time:
2024-06-25 20:19:02
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
2024032 Maurice Stuart Absolom 6500 N Mineral Dr
Suite 200
Coeur D Alene ID 83815
Vp - Principal Acctg. Officer 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 4,499 $4.91 69,036 No 4 S Direct
Common Stock Acquisiton 2024-06-21 19,342 $5.17 69,036 No 4 A Direct
Common Stock Acquisiton 2024-06-21 11,328 $0.00 11,328 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 Performance rights Acquisiton 2024-06-21 19,342 $0.00 19,342 $0.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
69,036 2027-01-01 2027-01-01 No 4 A Direct
Footnotes
  1. Mr. Absolom was awarded (i) 22,573 restricted stock units on June 21, 2022, and (ii) 19,802 restricted stock units on June 21, 2023. To cover his tax liability, Hecla Mining Company sold 4,499 shares.
  2. Consists of 9,626 shares held directly, 19,342 performance-based shares, and 40,068 unvested restricted stock units.
  3. Award of restricted stock units that vest as follows: 6,447 shares on June 21, 2025, 6,447 shares on June 21, 2026, and 6,448 shares on June 21, 2027.
  4. See footnote 2.
  5. Held as 944.154 units in Mr. Absolom's 401(k) account under the Hecla Mining Company Capital Accumulation Plan, and estimated to be 11,328 shares.
  6. Mr. Absolom was awarded performance rights representing the contingent right to receive between $25,000 and $200,000 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. Absolom under this plan are as follows: 100th percentile rank among peers = maximum award at 200% of target ($200,000 in stock); 50th percentile rank among peers = target award at grant value ($100,000 in stock), and 25th percentile rank among peers = threshold award at 25% of target ($25,000 in stock).
  7. See footnote 2.