Form 4 for HL HECLA MINING CO/DE/
Accepted 2024-06-25 00:00:00 ET · period of report 2024-06-21 · accession 0001867048-24-000003 · 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 | 2024-06-25 | HL | Clary Michael L. | SVP, CAO | S - Sale | $4.91 | -30.6K | 352.0K | -8% | -$150.4K |
| DI | 2024-06-25 | 2024-06-21 | HL | Clary Michael L. | SVP, CAO | J - Other | $0.00 | +9,137 | 9,137 | New | $0 |
| D | 2024-06-25 | 2024-06-21 | HL | Clary Michael L. | SVP, CAO | A - Grant | $5.17 | +66.4K | 352.0K | +23% | +$343.3K |
| D | 2024-06-25 | 2024-06-21 | HL | Clary Michael L. | SVP, CAO | A - Grant | $0.00 | +66.4K | 352.0K | +23% | $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 | 2024-06-25 | S | D | 30,634 | $4.91 | 351,972 | D Held in 401(k) Plan Account | — | — | (F1) Mr. Clary was awarded (i) 21,574 restricted stock units on June 21, 2021, (ii) 40,632 restricted stock units n June 21, 2022, and (iii) 40,990 restricted stock units on June 21, 2023. The restrictions lapsed on 1/3 of those vesting units (34,399 shares). To cover his tax liability, Hecla Mining Company sold 30,634 of those shares. (F2) Consists of 123,893 shares held directly, 120,812 performance-based units, and 107,267 unvested restricted stock units. |
| 2 | Common | Common Stock | 2024-06-21 | J | A | 9,137 | $0.00 | 9,137 | I | — | — | (F5) Held as 761.561 units in Mr. Clary's 401(k) account under the Hecla Mining Company Capital Accumulation Plan, and estimated to be 9,137 shares. |
| 3 | Common | Common Stock | 2024-06-21 | A | A | 66,397 | $5.17 | 351,972 | D | — | — | (F3) Award of restricted stock units that vest as follows: 22,132 shares on June 21, 2025; 22,132 shares on June 21, 2026; and 22,133 shares on June 21, 2027. (F4) See footnote 2. |
| 4 | Derivative | Performance rights | 2024-06-21 | A | A | 66,397 | $0.00 | 351,972 | D | $0.00 · 2027-01-01 to 2027-01-01 | 66,397 Common Stock | (F6) Mr. Clary was awarded performance rights representing the contingent right to receive between $171,638 and $686,660 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. Clary under this plan are as follows: 100th percentile rank among peers = maximum award at 200% of target ($686,660 in stock); 50th percentile rank among peers = target award at grant value ($343,275 in stock); and 25th percentile rank among peers = threshold award at 25% of target ($85,819 in stock). (F7) See footnote 2. |