Form 4 for HL HECLA MINING CO/DE/
Accepted 2023-06-23 00:00:00 ET · period of report 2023-06-21 · accession 0001166074-23-000002 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2023-06-23 | 2023-06-21 | HL | BAKER PHILLIPS S JR | Pres, CEO, Dir | A - Grant | $5.05 | +141.6K | 5.54M | +3% | +$715.0K |
| DI | 2023-06-23 | 2023-06-21 | HL | BAKER PHILLIPS S JR | Pres, CEO, Dir | A - Grant | $0.00 | +50.5K | 50.5K | New | $0 |
| D | 2023-06-23 | 2023-06-21 | HL | BAKER PHILLIPS S JR | Pres, CEO, Dir | A - Grant | $0.00 | +141.6K | 5.54M | +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 | 2023-06-21 | A | A | 141,584 | $5.05 | 5,544,505 | D Held in 401(k) Plan Account | — | — | (F1) Award of restricted stock units that vest as follows: 47,195 shares on June 21, 2024, 47,195 shares on June 21, 2025, and 47,194 shares on June 21, 2026. (F2) Consists of 3,136,227 shares held directly, 1,795,964 shares deferred under the Hecla Mining Company Key Employee Deferred compensation Plan, 351,762 performance-based units, and 260,552 unvested restricted stock units. |
| 2 | Common | Common Stock | 2023-06-21 | A | A | 50,515 | $0.00 | 50,515 | I | — | — | (F3) Held as 4,209.622 units in Mr. Baker's 401(k) account under the Hecla Mining Company Capital Accumulation Plan, and estimated to be 50,515 shares. |
| 3 | Derivative | Performance rights | 2023-06-21 | A | A | 141,584 | $0.00 | 5,544,505 | D | $0.00 · 2026-01-01 to 2026-01-01 | 141,584 Common Stock | (F4) Mr. Baker was awarded performance rights representing the contingent right to receive between $357,500 and $1,430,000 worth of Hecla Mining Company common stock based on Hecla Mining Company's Total Shareholder Return performance over the 3-year period (January 1, 2023 to December 31, 2025) 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 ($1,430,000 in stock); 40th to 60th percentile rank among peers = target award at grant value ($715,000 in stock); and 25th percentile rank among peers = threshold award at 50% of target ($357,500 in stock). (F5) See footnote 2. |