Form 4 for HL HECLA MINING CO/DE/
Accepted 2024-06-25 00:00:00 ET · period of report 2024-06-21 · accession 0001841980-24-000003 · 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 | 2024-06-21 | HL | Lawlar Russell Douglas | SVP, CFO | A - Grant | $5.17 | +71.2K | 393.9K | +22% | +$368.0K |
| DI | 2024-06-25 | 2024-06-21 | HL | Lawlar Russell Douglas | SVP, CFO | J - Other | $0.00 | +13.5K | 13.5K | New | $0 |
| D | 2024-06-25 | 2024-06-21 | HL | Lawlar Russell Douglas | SVP, CFO | S - Sale | $4.91 | -11.7K | 393.9K | -3% | -$57.3K |
| D | 2024-06-25 | 2024-06-21 | HL | Lawlar Russell Douglas | SVP, CFO | A - Grant | $0.00 | +71.2K | 393.9K | +22% | $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 | 2024-06-21 | A | A | 71,180 | $5.17 | 393,894 | D | — | — | (F3) Award of restricted stock units that vest as follows: 23,726 shares on June 21, 2025, 23,727 shares on June 21, 2026, and 23,727 shares on June 21, 2027. (F4) See footnote 2. |
| 2 | Common | Common Stock | 2024-06-21 | J | A | 13,462 | $0.00 | 13,462 | I | — | — | (F5) Held as 1,122.007 units in Mr. Russell's 401(k) account under the Hecla Mining Company Capital Accumulation Plan, and estimated to be 13,462 shares. |
| 3 | Common | Common Stock | 2024-06-21 | S | D | 11,679 | $4.91 | 393,894 | D Held in 401(k) Plan Account | — | — | (F1) Mr. Lawlar was awarded (i) 21,574 restricted stock units on June 21, 2021, (ii) 44,018 restricted stock units on June 21, 2022, and (iii) 44,401 restricted stock units on June 21, 2023. The restrictions lapsed on 1/3 of those vesting units (36,665 shares). To cover his tax liability, Hecla Mining Company sold 11,679 shares. (F2) Consists of 148,308 shares held directly, 130,134 performance-based units, and 115,452 restricted stock units. |
| 4 | Derivative | Performance rights | 2024-06-21 | A | A | 71,180 | $0.00 | 393,894 | D | $0.00 · 2027-01-01 to 2027-01-01 | 71,180 Common Stock | (F6) Mr. Lawlar was awarded performance rights representing the contingent right to receive between $92,000 and $736,000 worth of Hecla Mining Company common stock based on Hecla Mining Company's Total Shareholder Return performance over the 3-year period (January 1, 2024 to December 31, 2026) relative to our peers. Examples of the potential grant of shares to Mr. Lawlar under this plan are as follows: 100th percentile rank among peers = maximum award at 200% of target ($736,000 in stock); 50th percentile rank among peers = target at grant value ($368,000 in stock); and 25th percentile rank among peers = threshold award at 25% of target ($92,000 in stock). (F7) See footnote 2. |