Form 4 for HL HECLA MINING CO/DE/
Accepted 2023-02-28 00:00:00 ET · period of report 2023-02-24 · accession 0001166074-23-000001 · 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 | 2023-02-28 | 2023-02-27 | HL | BAKER PHILLIPS S JR | Pres, CEO, Dir | J - Other | $0.00 | +48.3K | 48.3K | New | $0 |
| D | 2023-02-28 | 2023-02-24 | HL | BAKER PHILLIPS S JR | Pres, CEO, Dir | M - OptEx | $0.00 | +264.0K | 5.05M | +6% | $0 |
| D | 2023-02-28 | 2023-02-24 | HL | BAKER PHILLIPS S JR | Pres, CEO, Dir | M - OptEx | $0.00 | +132.0K | 210.2K | +169% | $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 | 2023-02-27 | J | A | 48,342 | $0.00 | 48,342 | I | — | — | (F6) Held as 4,028.562 units in Mr. Baker's 401(k) account under Hecla Mining Company's Capital Accumulation Plan, and estimated to be 48,342 shares. |
| 2 | Common | Common Stock | 2023-02-24 | M | A | 264,026 | $0.00 | 5,051,159 | D Held in 401(k) Plan | — | — | (F4) See footnotes (1) and (2). Shares received upon settlement of performance rights awarded in June 2020. (F5) Consists of 3,022,163 shares held directly, 1,795,964 shares held in the Key Employee Deferred Compensation Plan, and 233,032 unvested restricted stock units. |
| 3 | Derivative | Performance rights | 2023-02-24 | M | A | 132,013 | $0.00 | 210,178 | D | $0.00 · 2022-12-21 to 2022-12-31 | 132,013 Common Stock | (F2) In reporting the number of performance rights at the time of the award, Mr. Baker assumed a target payout (i.e., $500,000 worth of common stock), with the common stock valued at the closing price on the day of the award $3.03), and therefore reported an award of 132,013 performance rights. Based on Hecla Mining Company's total shareholder return ranking, Mr. Baker's award value was $800,000, and he therefore received 264,026 shares in settlement of the award (with the shares valued at the $4.03 closing price on June 22, 2020). (F1) On June 22, 2020, Mr. Baker was awarded performance rights. The performance rights represented a contingent right to receive between $200,000 and $800,000 worth of Hecla Mining Company common stock based on Hecla's total shareholder return performance over the 3-year period from January 1, 2020 through December 31, 2022, based on the following percentile rank within Hecla's peer group companies: (1) 100th percentile rank among peers = maximum award at 200% of target (i.e., $800,000 worth of common stock); (2) 60th percentile rank among peers = target award at grant value (i.e., $400,000 worth of common stock); or (3) 50th percentile rank among peers = threshold payout at 50% target (i.e., $200,000 worth of common stock). (F3) Consists of outstanding performance rights. |