Form 4 for HL HECLA MINING CO/DE/
Accepted 2024-02-28 00:00:00 ET · period of report 2024-02-26 · accession 0001841980-24-000001 · 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 | 2024-02-28 | 2024-02-26 | HL | Lawlar Russell Douglas | SVP, CFO | F - Tax | $3.54 | -8,660 | 129.9K | -6% | -$30.7K |
| DI | 2024-02-28 | 2024-02-26 | HL | Lawlar Russell Douglas | SVP, CFO | J - Other | $0.00 | +12.3K | 12.3K | New | $0 |
| D | 2024-02-28 | 2024-02-26 | HL | Lawlar Russell Douglas | SVP, CFO | M - OptEx | $0.00 | +24.4K | 138.6K | +21% | $0 |
| D | 2024-02-28 | 2024-02-26 | HL | Lawlar Russell Douglas | SVP, CFO | M - OptEx | $0.00 | +14.0K | 59.0K | +31% | $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 | 2024-02-26 | F | D | 8,660 | $3.54 | 129,912 | D | — | — | (F6) Shares withheld for tax liability on 24,428 performance rights that vested. (F7) Consists of 48,975 shares held directly, and 80,937 unvested restricted stock units. |
| 2 | Common | Common Stock | 2024-02-26 | J | A | 12,313 | $0.00 | 12,313 | I | — | — | (F8) Consists of 1,024.911 units in Mr. Lawlar's 401(k) account under Hecla Mining Company's Capital Accumulation Plan, and estimated to be 12,313 shares. |
| 3 | Common | Common Stock | 2024-02-26 | M | A | 24,428 | $0.00 | 138,572 | D Held in 401(k) Plan | — | — | (F4) See footnotes (1) and (2). Shares received upon settlement of performance rights awarded in June 2021. (F5) Consists of 57,635 shares held directly, and 80,937 unvested restricted stock units. |
| 4 | Derivative | Performance rights | 2024-02-26 | M | A | 13,959 | $0.00 | 58,975 | D | $0.00 · 2023-12-31 to 2023-12-31 | 13,959 Common Stock | (F2) In reporting the number of performance rights at the time of the award, Mr. Lawlar assumed a target payout (i.e., $110,000 worth of common stock), with the common stock valued at the closing price on the day of the award ($7.88), and therefore reported an award of 13,959 performance rights. Based on Hecla Mining Company's total shareholder return ranking, Mr. Lawlar's award value was 175% and he therefore received 24,428 shares in settlement of the award (with the shares valued at the $7.88 closing price on June 21, 2021). (F1) On June 21, 2021, Mr. Lawlar was awarded performance rights. The performance rights represented a contingent right to receive between $55,000 and $220,000 worth of Hecla Mining Company common stock based on Hecla's total shareholder return performance over the 3-year period from January 1, 2021 through December 31, 2023, 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., $220,000 worth of common stock); (2) 60th percentile rank among peers = target award at grant value (i.e., $110,000 worth of common stock); or (3) 50th percentile rank among peers = threshold payout at 50% of target (i.e., $55,000 worth of common stock). (F3) Consists of outstanding performance rights. |