Form 4 for HL HECLA MINING CO/DE/
Accepted 2022-06-23 00:00:00 ET · period of report 2022-06-21 · accession 0001867048-22-000001 · 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 | 2022-06-23 | 2022-06-21 | HL | Clary Michael L. | CAO, Sr. VP | A - Grant | $4.43 | +40.6K | 182.5K | +29% | +$180.0K |
| DI | 2022-06-23 | 2022-06-21 | HL | Clary Michael L. | CAO, Sr. VP | J - Other | $0.00 | +591 | 591 | New | $0 |
| D | 2022-06-23 | 2022-06-21 | HL | Clary Michael L. | CAO, Sr. VP | F - Tax | $0.00 | -26.6K | 182.5K | -13% | $0 |
| D | 2022-06-23 | 2022-06-21 | HL | Clary Michael L. | CAO, Sr. VP | A - Grant | $0.00 | +27.1K | 182.5K | +17% | $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 | 2022-06-21 | A | A | 40,632 | $4.43 | 182,531 | D | — | — | (F3) Award of restricted stock units that vest as follows: 13,544 shares on June 21, 2023; 13,544 shares on June 21, 2024; and 13,544 shares on June 21, 2025. (F4) See footnote 2. |
| 2 | Common | Common Stock | 2022-06-21 | J | A | 591 | $0.00 | 591 | I | — | — | (F5) Held as 49.191 units in Mr. Clary's 401(k) account under the Hecla Mining Company Capital Accumulation Plan, and estimated to be 591 shares. |
| 3 | Common | Common Stock | 2022-06-21 | F | D | 26,609 | $0.00 | 182,531 | D By 401(k) Plan | — | — | (F1) Mr. Clary was awarded (i) 43,478 restricted stock units on June 21, 2019; (ii) 66,007 restricted stock units on June 22, 2020; and 21,574 restricted stock units on June 21, 2021. The restrictions lapsed on 1/3 of those vesting units (43,686 shares). Mr. Clary elected to have Hecla Mining Company withhold 26,609 shares to cover his tax liability. (F2) Consists of 56,902 shares held directly, 7,566 held in trust for the benefit of 2 minor children, 41,047 performance-based shares, and 77,016 unvested restricted stock units. |
| 4 | Derivative | Performance rights | 2022-06-21 | A | A | 27,088 | $0.00 | 182,531 | D | $0.00 · 2025-01-01 to 2026-01-01 | 27,088 Common Stock | (F6) Mr. Clary was awarded performance rights representing the contingent right to receive between $60,000 and $240,000 worth of Hecla Mining Company common stock based on Hecla Mining Company's Total Shareholder Return performance over the 3-year period (January 1, 2022 to December 31, 2024) relative to our peers. Examples of the potential grant of shares to Mr. Clary under this plan are as follows: 100th percentile rank among peers = maximum award at 200% of target ($240,000 in stock); 60th percentile rank among peers = target award at grant value $120,000 in stock); and 50th percentile rank among peers = threshold award at 50% of target ($60,000 in stock). (F7) See footnote 2. |