Form 4 for HL HECLA MINING CO/DE/
Accepted 2023-02-28 00:00:00 ET · period of report 2023-02-24 · accession 0001667482-23-000001 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2023-02-28 | 2023-02-24 | HL | Brown Robert Denis | VP - Corp. Dev, Sustain | F - Tax | $4.98 | -37.1K | 392.6K | -9% | -$184.7K |
| D | 2023-02-28 | 2023-02-24 | HL | Brown Robert Denis | VP - Corp. Dev, Sustain | M - OptEx | $0.00 | +69.3K | 429.7K | +19% | $0 |
| D | 2023-02-28 | 2023-02-24 | HL | Brown Robert Denis | VP - Corp. Dev, Sustain | M - OptEx | $0.00 | +34.7K | 39.3K | +748% | $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 | 2023-02-24 | F | D | 37,079 | $4.98 | 392,645 | D | — | — | (F6) Shares withheld for tax liability on 69,306 performance rights that vested. (F7) Consists of 323,134 shares held directly, and 69,511 unvested restricted stock units. |
| 2 | Common | Common Stock | 2023-02-24 | M | A | 69,306 | $0.00 | 429,724 | D | — | — | (F4) See footnotes (1) and (2). Shares received upon settlement of performance rights awarded in June 2020. (F5) Consists of 360,213 shares held directly, and 69,511 unvested restricted stock units. |
| 3 | Derivative | Performance rights | 2023-02-24 | M | A | 34,653 | $0.00 | 39,284 | D | $0.00 · 2022-12-31 to 2022-12-31 | 34,653 Common Stock | (F2) In reporting the number of performance rights at the time of the award, Mr. Brown assumed a target payout (i.e., $105,000 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 34,653 performance rights. Based on Hecla Mining Company's total shareholder return ranking, Mr. Brown's award value was $210,000, and therefore he received 69,306 shares in settlement of the award (with the shares valued at the $3.03 closing price on June 22, 2020). (F1) On June 22, 2020, Mr. Brown was awarded performance rights. The performance rights represented a contingent right to receive between $52,500 and $210,000 worth of Hecla Mining Company common stock based on Hecla's total shareholder return performance over the 3-year period of 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., $210,000 worth of common stock); (2) 60th percentile rank among peers = target award at grant value (i.e., $105,000 worth of common stock); or (3) 50th percentile rank among peers = threshold payout at 50% target (i.e., $52,500 worth of common stock). (F3) Consists of outstanding performance rights. |