Form 4 for HL HECLA MINING CO/DE/
Accepted 2023-02-28 00:00:00 ET · period of report 2023-02-24 · accession 0001481905-23-000001 · 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 | Sienko David C | VP, GC | J - Other | $0.00 | +6,795 | 6,795 | New | $0 |
| D | 2023-02-28 | 2023-02-24 | HL | Sienko David C | VP, GC | M - OptEx | $0.00 | +66.0K | 815.5K | +9% | $0 |
| D | 2023-02-28 | 2023-02-24 | HL | Sienko David C | VP, GC | F - Tax | $4.98 | -30.8K | 784.7K | -4% | -$153.3K |
| D | 2023-02-28 | 2023-02-24 | HL | Sienko David C | VP, GC | M - OptEx | $0.00 | +33.0K | 38.6K | +585% | $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 | 6,795 | $0.00 | 6,795 | I | — | — | (F8) Consists of 566.317 units in Mr. Sienko's 401(k) account under Hecla Mining Company's Capital Accumulation Plan, and estimated to be 6,795 shares. |
| 2 | Common | Common Stock | 2023-02-24 | M | A | 66,006 | $0.00 | 815,519 | 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 747,954 shares held directly, and 67,565 unvested restricted stock units. |
| 3 | Common | Common Stock | 2023-02-24 | F | D | 30,782 | $4.98 | 784,737 | D | — | — | (F6) Shares withheld for tax liability on 66,006 performance rights that vested. (F7) Consists of 717,172 shares held directly, and 67,565 unvested restricted stock units. |
| 4 | Derivative | Performance rights | 2023-02-24 | M | A | 33,003 | $0.00 | 38,649 | D | $0.00 · 2022-12-31 to 2022-12-31 | 33,003 Common Stock | (F1) On June 22, 2020, Mr. Sienko was awarded performance rights. The performance rights represented a contingent right to receive between $50,000 and $200,000 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., $200,000 worth of common stock); (2) 60th percentile rank among peers = target award at grant value (i.e., $100,000 worth of common stock); or (3) 50th percentile rank among peers = threshold payout at 50% target (i.e., $50,000 worth of common stock). (F2) In reporting the number of performance rights at the time of the award, Mr. Sienko assumed a target payout (i.e. $100,000 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 33,003 performance rights. Based on Hecla Mining Company's total shareholder return ranking, Mr. Sienko's award value was $200,000, and he therefore received 66,006 shares in settlement of the award (with the shares valued at the $3.03 closing price on June 22, 2020. (F3) Consists of outstanding performance rights. |