Form 4 for HL HECLA MINING CO/DE/
Accepted 2024-06-25 00:00:00 ET · period of report 2024-06-21 · accession 0001667482-24-000003 · 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 | 2024-06-25 | 2024-06-25 | HL | Brown Robert Denis | VP - Corp. Develop, Sustain | S - Sale | $4.91 | -24.8K | 607.6K | -4% | -$121.7K |
| D | 2024-06-25 | 2024-06-21 | HL | Brown Robert Denis | VP - Corp. Develop, Sustain | A - Grant | $5.17 | +60.5K | 607.6K | +11% | +$312.7K |
| D | 2024-06-25 | 2024-06-21 | HL | Brown Robert Denis | VP - Corp. Develop, Sustain | A - Grant | $0.00 | +60.5K | 607.6K | +11% | $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 | 2024-06-25 | S | D | 24,792 | $4.91 | 607,649 | D | — | — | (F1) Mr. Brown was awarded (i) 20,305 restricted stock units on June 21, 2021, (ii) 38,374 restricted stock units on June 21, 2022, and (iii) 37,030 restricted stock units on June 21, 2023. The restrictions lapsed on 1/3 of those vesting units (31,903 shares). To cover his tax liability, Hecla Mining Company sold 24,792 shares. (F2) Consists of 398,205 shares held directly, 111,488 performance-based shares; and 97,956 unvested restricted stock units. |
| 2 | Common | Common Stock | 2024-06-21 | A | A | 60,479 | $5.17 | 607,649 | D | — | — | (F3) Award of restricted stock units that vest as follows: 20,159 shares on June 21, 2025, 20,160 shares on June 21, 2026, and 20,160 shares on June 21, 2027. (F4) See footnote 2 |
| 3 | Derivative | Performance rights | 2024-06-21 | A | A | 60,479 | $0.00 | 607,649 | D | $0.00 · 2027-01-01 to 2027-01-01 | 60,479 Common Stock | (F5) Mr. Brown was awarded performance rights representing the contingent right to receive between $78,169 and $625,350 worth of Hecla Mining Company common stock based on Hecla Mining Company's Total Shareholder Return performance over the 3-year period (January 1, 2024 to December 21, 2026) relative to our peers. Examples of the potential grant of shares to Mr. Brown under this plan are as follows: 100th percentile potential grant of shares = maximum award at 200% of target ($625,350 in stock); 50th percentile rank among peers = target award at grant value ($312,675 in stock); and 25th percentile rank among peers = threshold award at 25% of target ($78,169 in stock). (F6) See footnote 2. |