Form 4 for HL HECLA MINING CO/DE/
Accepted 2023-02-28 00:00:00 ET · period of report 2023-02-24 · accession 0001784406-23-000001 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DI | 2023-02-28 | 2023-02-27 | HL | Roberts Lauren M | SVP - COO | J - Other | $0.00 | +8,444 | 8,444 | New | $0 |
| D | 2023-02-28 | 2023-02-24 | HL | Roberts Lauren M | SVP - COO | F - Tax | $4.98 | -28.8K | 768.2K | -4% | -$143.4K |
| D | 2023-02-28 | 2023-02-24 | HL | Roberts Lauren M | SVP - COO | M - OptEx | $0.00 | +99.0K | 797.0K | +14% | $0 |
| D | 2023-02-28 | 2023-02-24 | HL | Roberts Lauren M | SVP - COO | M - OptEx | $0.00 | +49.5K | 64.2K | +337% | $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 | 2023-02-27 | J | A | 8,444 | $0.00 | 8,444 | I | — | — | (F8) Held as 703.724 units in Mr. Robert's 401(k) account under the Hecla Mining Company Capital Accumulation Plan, and estimated to be 8,444 shares. |
| 2 | Common | Common Stock | 2023-02-24 | F | D | 28,798 | $4.98 | 768,164 | D | — | — | (F6) Shares withheld for tax liability on the 99,010 performance rights that vested. (F7) Consists of 317,717 shares held directly, 339,119 shares held in the Key Employee Deferred Compensation Plan, and 111,328 unvested restricted stock units. |
| 3 | Common | Common Stock | 2023-02-24 | M | A | 99,010 | $0.00 | 796,962 | D Held in 401(k) Plan | — | — | (F4) See footnotes (1) and (2). Shares received upon settlement of performance rights awarded in June 2020. (F5) Consists of 346,515 shares held directly, 339,119 shares held in the Key Employee Deferred Compensation Plan, and 111,328 unvested restricted stock units. |
| 4 | Derivative | Performance rights | 2023-02-24 | M | A | 49,505 | $0.00 | 64,182 | D | $0.00 · 2022-12-31 to 2022-12-31 | 49,505 Common Stock | (F2) In reporting the number of performance rights at the time of the award, Mr. Roberts assumed a target payout (i.e., $150,000 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 49,505 performance rights. Based on Hecla Mining Company's total shareholder return ranking, Mr. Robert's award value was $300,000, and he therefore received 99,010 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. Roberts was awarded performance rights. The performance rights represented a contingent right to receive between $75,000 and $300,000 worth of Hecla Mining Company common stock based on Hecla's total shareholder return performance over the 3-year period from 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., $300,000 worth of common stock); (2) 60th percentile rank among peers = target award at grant value (i.e., $150,000 worth of common stock); or (3) 50th percentile rank among peers = threshold payout at 50% of target (i.e., $75,000 worth of common stock). (F3) Consists of outstanding performance rights. |