Form 4 for HL HECLA MINING CO/DE/
Accepted 2022-03-02 00:00:00 ET · period of report 2022-02-28 · accession 0001667482-22-000001 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2022-03-02 | 2022-02-28 | HL | Brown Robert Denis | VP - Corp. Dev, Sustain | M - OptEx | $0.00 | +119.8K | 413.7K | +41% | $0 |
| D | 2022-03-02 | 2022-02-28 | HL | Brown Robert Denis | VP - Corp. Dev, Sustain | F - Tax | $5.76 | -64.1K | 349.6K | -15% | -$369.2K |
| D | 2022-03-02 | 2022-02-28 | HL | Brown Robert Denis | VP - Corp. Dev, Sustain | M - OptEx | $0.00 | +62.5K | 48.0K | New | $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 | 2022-02-28 | M | A | 119,792 | $0.00 | 413,712 | D | — | — | (F4) See footnotes (1) and (2). Shares received upon settlement of performance rights awarded in June 2019. (F5) Consists of 331,030 shares held directly, and 82,682 unvested restricted stock units. |
| 2 | Common | Common Stock | 2022-02-28 | F | D | 64,089 | $5.76 | 349,623 | D | — | — | (F6) Shares withheld for tax liability on 119,792 performance rights that vested. (F7) Consists of 266,941 shares held directly, and 82,682 unvested restricted stock units. |
| 3 | Derivative | Performance rights | 2022-02-28 | M | A | 62,500 | $0.00 | 47,978 | D | $0.00 · 2021-12-31 to 2021-12-31 | 62,500 Common Stock | (F2) In reporting the number of performance rights at the time of the award, Mr. Brown assumed a target payout (i.e. $115,000 worth of common stock), with the common stock valued at the closing price on the day of the award ($1.84), and therefore reported an award of 62,500 performance rights. Based on Hecla Mining Company's total shareholder return ranking, Mr. Brown's award value was $220,417, and he therefore received 119,792 shares in settlement of the award (with the shares valued at the $1.84 closing price on June 21, 2019). (F1) On June 21, 2019, Mr. Brown was awarded performance rights. The performance rights represented a contingent right to receive between $57,500 and $230,000 worth of Hecla Mining Company common stock based on Hecla's total shareholder return performance over the 3-year period from January 1, 2019 through December 31, 2021, 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. $230,000 worth of common stock); (2) 60th percentile rank among peers = target award at grant value (i.e. $115,000 worth of common stock); or (3) 50th percentile rank among peers = threshold payout at 50% target (i.e. $57,500 worth of common stock). (F3) Consists of outstanding performance rights. |