11/07/2024 | Press release | Distributed by Public on 11/07/2024 16:12
FORM 4
|
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
|
|
||||||||||||||||||||||||
|
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) |
1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) |
4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Boggs Catherine J 6500 N MINERAL DR., SUITE 200 COEUR D'ALENE, ID 83815 |
X | Interim President & CEO |
Tami D. Whitman - Attorney - in - Fact for Catherine J. Boggs | 11/07/2024 |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | Ms. Boggs entered into an interim CEO Agreement ("ICEO Agreement") with Hecla Mining Company ("Company") and accepted the position of Interim President and CEO ("ICEO") of the Company. She receives a monthly management fee in the amount of $106,000 prorated for each partial month of service, comprised of $63,000 in cash and $42,400 of value in the form of common stock of the company, from the Hecla Mining Company 2010 Stock Incentive Plan ("2010 Stock Plan"). The stock component is determined by dividing the applicable stock fee by the closing price of a share of the Company's common stock on the NYSE on the last trading day of the applicable month, or on the last trading day prior to the termination of the ICEO Agreement. The shares granted to Ms. Boggs under the ICEO Agreement will be delivered to Ms. Boggs in the aggregate within ten days after the termination of the ICEO Agreement which is November 7, 2024. |
(2) | The closing price on the NYSE on November 6, 2024 (day prior to the termination of the ICEO Agreement). |
(3) | Consists of 196,194 shares held directly, 117,214 shares deferred into trust under the Stock Plan for Nonemployee Directors, and another 6,070 shares deferred into trust under the Hecla 2010 Stock Incentive Plan. |