SEC FORM 4

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Boggs Catherine J

(Last)

(First)

(Middle)

6500 N MINERAL DR., SUITE 200

(Street)

COEUR D'ALENE

83815

(City)

(State)

(Zip)

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
X	Officer (give title below)	Other (specify below)
	Interim President & CEO

3. Date of Earliest Transaction (Month/Day/Year)
06/06/2024

4. If Amendment, Date of 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

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	06/06/2024		A		2,089⁽¹⁾	A	$5.89⁽²⁾	263,558⁽³⁾	D
Common Stock	06/21/2024		A		24,281⁽⁴⁾	A	$5.148⁽⁵⁾	287,839⁽⁶⁾	D

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 Securities Underlying Derivative Security (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: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

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 will receive a monthly management fee in the amount of $106,000, comprised of $63,600 in cash, prorated for each partial month of service, 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"), prorated for each partial month of service. The stock component will be determined by dividing the applicable stock fee by the closing price of a share of the Company 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 aggregate within ten business days after the termination of the ICEO Agreement, but in all events before March 15, 2025.

2. The shares granted for the month of May 2024 are prorated from May 22, 2024 to May 31, 2024 (2,089 shares). The closing stock price on the NYSE on May 31, 2024 was $5.89.

3. Consists of 140,274 shares held directly and 123,284 shares deferred into a trust under the Hecla Mining Company Stock Plan for Nonemployee Directors.

4. As a member of the Board of Directors, and Chair of the Board, Ms. Boggs received $125,000 in equity ("Director Stock Saward") under the 2010 Stock Plan. Ms. Boggs elected to receive 75% of her Director Stock Award under the 2010 Stock Plan (18,211 shares)and 25% (6,070 shares)are deferred.

5. The price is the average closing price for Hecla's common stock on the NYSE for the prior calendar year (2023).

6. Consists of 158,485 shares held directly and 129,354 shares deferred into trust under (i) the Hecla Mining Company Stock Plan for Nonemployee Directors (123,284 shares); and (ii) the 2010 Stock Plan (6,070 shares).

	Tami D. Whitman, Attorney-in-Fact for Catherine J. Boggs	06/21/2024
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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