Form 4 for HL HECLA MINING CO/DE/
Accepted 2023-06-23 00:00:00 ET · period of report 2023-06-21 · accession 0001784406-23-000002 · 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 | Roberts Lauren M | SVP, COO | A - Grant | $5.05 | +68.3K | 921.9K | +8% | +$345.0K |
| DI | 2023-06-23 | 2023-06-21 | HL | Roberts Lauren M | SVP, COO | J - Other | $0.00 | +9,620 | 9,620 | New | $0 |
| D | 2023-06-23 | 2023-06-21 | HL | Roberts Lauren M | SVP, COO | F - Tax | $0.00 | -24.5K | 921.9K | -3% | $0 |
| D | 2023-06-23 | 2023-06-21 | HL | Roberts Lauren M | SVP, COO | A - Grant | $0.00 | +45.5K | 921.9K | +5% | $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 | 68,317 | $5.05 | 921,908 | D | — | — | (F3) Award of restricted stock units that vest as follows: 22,773 shares on June 21, 2024; 22,772 shares on June 21, 2025; and 22,772 shares on June 21, 2026. (F4) See footnote 2. |
| 2 | Common | Common Stock | 2023-06-21 | J | A | 9,620 | $0.00 | 9,620 | I | — | — | (F5) Held as 801.667 units in Mr. Robert's 401(k) account under the Hecla Mining Company Capital Accumulation Plan, and estimated to be 9,620 shares. |
| 3 | Common | Common Stock | 2023-06-21 | F | D | 24,479 | $0.00 | 921,908 | D Held in 401(k) Plan Account | — | — | (F1) Mr. Roberts was awarded (i) 74,257 restricted stock units on June 22, 2020, (ii) 28,553 restricted stock units on June 21, 2021, and (iii) 67,720 restricted stock units on June 21, 2022. The restrictions lapsed on 1/3 of those vesting units (56,844 shares). Mr. Roberts elected to have Hecla Mining company withhold 24,479 shares to cover his tax liability. (F2) Consists of 350,082 shares held directly, 339,119 shares deferred under the Hecla Mining Company Key Employee Deferred Compensation Plan, 109,727 performance-based units, and 122,980 unvested restricted stock units. |
| 4 | Derivative | Performance rights | 2023-06-21 | A | A | 45,545 | $0.00 | 921,908 | D | $0.00 · 2026-01-01 to 2026-01-01 | 45,545 Common Stock | (F6) Mr. Roberts was awarded performance rights representing the contingent right to receive between $115,000 and $460,000 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. Roberts under this plan are as follows: 100th percentile rank among peers = maximum award at 200% of target ($460,000 in stock); 40th to 60th percentile rank among peers = target award at grant value ($230,000 in stock); and 25th percentile rank among peers = threshold award at 50% of target ($115,000 in stock). (F7) See footnote 2. |