Form 4 for HL HECLA MINING CO/DE/
Accepted 2023-06-23 00:00:00 ET · period of report 2023-06-21 · accession 0001869029-23-000001 · 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 | 2023-06-23 | 2023-06-21 | HL | Allen Kurt | VP - Exploration | F - Tax | $0.00 | -6,954 | 167.9K | -4% | $0 |
| D | 2023-06-23 | 2023-06-21 | HL | Allen Kurt | VP - Exploration | A - Grant | $5.05 | +32.7K | 167.9K | +24% | +$165.0K |
| DI | 2023-06-23 | 2023-06-21 | HL | Allen Kurt | VP - Exploration | J - Other | $0.00 | +16.2K | 16.2K | New | $0 |
| D | 2023-06-23 | 2023-06-21 | HL | Allen Kurt | VP - Exploration | A - Grant | $0.00 | +21.8K | 167.9K | +15% | $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 | F | D | 6,954 | $0.00 | 167,932 | D Held in 401(k) Plan Account | — | — | (F1) Mr. Allen was awarded (i) 26,403 restricted stock units on June 22, 2020, (ii) 25,381 restricted stock units on June 21, 2021, and (iii) 33,860 restricted stock units on June 21, 2022. The restrictions lapsed on 1/3 of those vesting units (28,548 shares). Mr. Allen elected to have Hecla Mining Company withhold 6,954 shares to cover his tax liability. (F2) Consists of 59,870 shares held directly, 44,355 performance-based shares, and 63,707 unvested restricted stock units. |
| 2 | Common | Common Stock | 2023-06-21 | A | A | 32,673 | $5.05 | 167,932 | D | — | — | (F3) Award of restricted stock units that vest as follows: 10,891 shares on June 21, 2024, 10,891 shares on June 21, 2025, and 10,891 shares on June 21, 2026. (F4) See footnote 2. |
| 3 | Common | Common Stock | 2023-06-21 | J | A | 16,226 | $0.00 | 16,226 | I | — | — | (F5) Held as 1,352.136 units in Mr. Allen's 401(k) account under the Hecla Mining Company Capital Accumulation Plan, and estimated to be 16,226 shares. |
| 4 | Derivative | Performance rights | 2023-06-21 | A | A | 21,782 | $0.00 | 167,921 | D | $0.00 · 2026-01-01 to 2026-01-01 | 21,782 Common Stock | (F6) Mr. Allen was awarded performance rights representing the contingent right to receive between $55,000 and $220,000 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. Allen under this plan are as follows: 100th percentile rank among peers = maximum award at 200% of target ($220,000 in stock); 40th to 60th percentile rank among peers = target award at grant value ($110,000 in stock); and 25th percentile rank among peers = threshold award at 50% of target ($55,000 in stock). (F7) See footnote 2. |