Hecla Mining Company

12/13/2024 | Press release | Distributed by Public on 12/13/2024 13:25

Statement of Changes in Beneficial Ownership (Form 4)

Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
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
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(Print or Type Responses)
1. Name and Address of Reporting Person *
Boggs Catherine J
2. Issuer Name and Ticker or Trading Symbol
HECLA MINING CO/DE/ [HL] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last) (First) (Middle)
6500 N MINERAL DR., SUITE 200 		3. Date of Earliest Transaction (Month/Day/Year)
12/12/2024
(Street)
COEUR D'ALENE, ID 83815 		4. If Amendment, Date Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3) 		2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8) 		4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 		5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4) 		6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4) 		7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 12/12/2024 A 5,887(1) A $5.52(2) 325,646(3) D
Common Stock 12/12/2024 A 2,804(4) A $5.85(5) 328,450(6) D
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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 Owners

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

Signatures

Tami D. Whitman, Attorney-in-Fact for Catherine J. Boggs 12/13/2024
**Signature of Reporting Person Date

Explanation of Responses:

* 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) Under a ICEO Agreement entered into between Ms. Boggs and Hecla Mining Company ("Company"), she receives a portion of her monthly management fee in equity (a $42,400 value), which is prorated for each partial month of service, from the Hecla Mining Company 2010 Stock Incentive Plan. Ms. Boggs was awarded a prorated amount of shares on November 7, 2024 (prorated from 11/1/24 to 11/7/24), the effective date of the appointment of the Company's new President and CEO. The Board of Directors of the Company asked Ms. Boggs to stay until December 12, 2024, to help with the transition of the newly appointed President and CEO. The Compensation Committee of the Board of Directors of the Company approved Ms. Boggs continue to receive the $42,400 in equity until the termination of the ICEO Agreement on December 12, 2024. The shares granted to Ms. Boggs are prorated from 11/8/24 to 11/30/24.
(2) The closing price on the NYSE on November 29, 2024.
(3) Consists of 202,362 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.
(4) See footnote 1. The shares granted to Ms. Boggs were prorated from 12/1/24 to 12/12/24.
(5) The closing price on the NYSE on December 11, 2024.
(6) Consists of 205,166 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.
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.