Form 4 for HL HECLA MINING CO/DE/
Accepted 2023-06-23 00:00:00 ET · period of report 2023-06-21 · accession 0001667482-23-000002 · 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 | Brown Robert Denis | VP - Corp. Develop, Sustain | A - Grant | $5.05 | +37.0K | 474.1K | +8% | +$187.0K |
| D | 2023-06-23 | 2023-06-21 | HL | Brown Robert Denis | VP - Corp. Develop, Sustain | F - Tax | $0.00 | -19.9K | 474.1K | -4% | $0 |
| D | 2023-06-23 | 2023-06-21 | HL | Brown Robert Denis | VP - Corp. Develop, Sustain | A - Grant | $0.00 | +25.1K | 474.1K | +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 | 2023-06-21 | A | A | 37,030 | $5.05 | 474,127 | D | — | — | (F3) Award of restricted stock units that vest as follows: 12,344 shares on June 21, 2024, 12,343 shares on June 21, 2025, and 12,343 shares on June 21, 2026. (F4) See footnote 2. |
| 2 | Common | Common Stock | 2023-06-21 | F | D | 19,882 | $0.00 | 474,127 | D | — | — | (F1) Mr. Brown was awarded 52,805 restricted stock units on June 22, 2020, (ii) 20,305 restricted stock units on June 21, 2021, and (iii) 38,374 restricted stock units on June 21, 2022. The restrictions lapsed on 1/3 of those vesting units (37,161 shares). Mr. Brown elected to have Hecla Mining Company withhold 19,882 shares to cover his tax liability. (F2) Consists of 340,413 shares held directly, 64,334 performance-based shares, and 69,380 unvested restricted stock units. |
| 3 | Derivative | Performance-based units | 2023-06-21 | A | A | 25,050 | $0.00 | 474,127 | D | $0.00 · 2026-01-01 to 2026-01-01 | 25,050 Common Stock | (F5) Mr. Brown was awarded performance rights representing the contingent right to receive between $63,250 and $253,000 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. Brown under this plan are as follows: 100th percentile rank among peers = maximum award at 200% of target ($253,000 in stock); 40th to 60th percentile rank among peers = target award at grant value ($126,500 in stock); and 25th percentile rank among peers = threshold award at 50% of target ($63,250 in stock). (F6) See footnote 2. |