Form 4 for HL HECLA MINING CO/DE/
Accepted 2022-06-23 00:00:00 ET · period of report 2022-06-21 · accession 0001166074-22-000002 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DI | 2022-06-23 | 2022-06-21 | HL | BAKER PHILLIPS S JR | Pres, CEO, Dir | J - Other | $0.00 | +46.1K | 46.1K | New | $0 |
| D | 2022-06-23 | 2022-06-21 | HL | BAKER PHILLIPS S JR | Pres, CEO, Dir | A - Grant | $4.43 | +146.7K | 5.13M | +3% | +$650.0K |
| D | 2022-06-23 | 2022-06-21 | HL | BAKER PHILLIPS S JR | Pres, CEO, Dir | A - Grant | $0.00 | +146.7K | 5.13M | +3% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2022-06-21 | J | A | 46,121 | $0.00 | 46,121 | I | — | — | (F3) Held as 3,839.801 units in Mr. Baker's 401(k) account under the Hecla Mining Company Capital Accumulation Plan, and estimated to be 46,121 shares. |
| 2 | Common | Common Stock | 2022-06-21 | A | A | 146,726 | $4.43 | 5,129,324 | D By 401(k) Plan | — | — | (F1) Award of restricted stock units that vest as follows: 48,908 shares on June 21, 2023; 48,909 shares on June 21, 2024; and 48,909 shares on June 21, 2025. (F2) Consists of 2,758,137 shares held directly, 1,795,964 shares deferred under the Hecla Mining Company Key Employee Deferred Compensation Plan, 342,191 performance-based units, and 233,032 unvested restricted stock units. |
| 3 | Derivative | Performance rights | 2022-06-21 | A | A | 146,726 | $0.00 | 5,129,324 | D | $0.00 · 2025-01-01 to 2026-01-01 | 146,726 Common Stock | (F4) Mr. Baker was awarded performance rights representing the contingent right to receive between $325,000 and $1,300,000 worth of Hecla Mining Company common stock based on Hecla Mining Company's Total Shareholder Return performance over the 3-year period (January 1, 2022 to December 31, 2024) relative to our peers. examples of the potential grant of shares to Mr. Baker under this plan are as follows: 100th percentile rank among peers = maximum award at 200% of target ($1,300,000 in stock); 60th percentile rank among peers = target award at grant value ($650,000 in stock); and 50th percentile rank among peers = threshold award at 50% of target ($325,000 in stock). (F5) See footnote 2. |