Form 4 for HL HECLA MINING CO/DE/
Accepted 2022-06-23 00:00:00 ET · period of report 2022-06-21 · accession 0001667482-22-000002 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2022-06-23 | 2022-06-21 | HL | Brown Robert Denis | VP - Corp. Dev, Sustain | F - Tax | $0.00 | -27.6K | 434.4K | -6% | $0 |
| D | 2022-06-23 | 2022-06-21 | HL | Brown Robert Denis | VP - Corp. Dev, Sustain | A - Grant | $4.43 | +38.4K | 434.4K | +10% | +$170.0K |
| D | 2022-06-23 | 2022-06-21 | HL | Brown Robert Denis | VP - Corp. Dev, Sustain | A - Grant | $0.00 | +26.0K | 434.4K | +6% | $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 | F | D | 27,579 | $0.00 | 434,355 | D | — | — | (F1) Mr. Brown was awarded (i) 81,522 restricted stock units on June 21, 2019, (ii) 52,805 restricted stock units on June 22, 2020; and (iii) 20,305 restricted stock units on June 21, 2021. The restrictions lapsed on 1/3 of those vesting units (51,545 shares). Mr. Brown elected to have Hecla Mining Company withhold 27,579 shares to cover his tax liability. (F2) Consists of 290,907 shares held directly, 73,937 performance-based shares; and 69,511 unvested restricted stock units. |
| 2 | Common | Common Stock | 2022-06-21 | A | A | 38,374 | $4.43 | 434,355 | D | — | — | (F3) Award of restricted stock units that vest as follows: 12,791 shares on June 21, 2023, 12,791 shares on June 21, 2024, and 12,792 shares on June 21, 2025. (F4) See footnote 2. |
| 3 | Derivative | Performance rights | 2022-06-21 | A | A | 25,959 | $0.00 | 434,355 | D | $0.00 · 2025-01-01 to 2026-01-01 | 25,959 Common Stock | (F5) Mr. Brown was awarded performance rights representing the contingent right to receive between $57,500 and $230,000 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. Brown under this plan are as follows: 100th percentile rank among peers = maximum award at 200% of target ($230,000 in stock); 60th percentile rank among peers = target award at grant value ($115,000 in stock); and 50th percentile rank among peers = threshold award at 50% of target ($57,500 in stock). (F6) See footnote 2. |