Form 4 for HL HECLA MINING CO/DE/
Accepted 2024-06-25 00:00:00 ET · period of report 2024-06-21 · accession 0001869029-24-000002 · 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 | Allen Kurt | VP - Exploration | S - Sale | $4.91 | -7,910 | 282.3K | -3% | -$38.8K |
| DI | 2024-06-25 | 2024-06-21 | HL | Allen Kurt | VP - Exploration | J - Other | $0.00 | +20.1K | 20.1K | New | $0 |
| D | 2024-06-25 | 2024-06-21 | HL | Allen Kurt | VP - Exploration | A - Grant | $5.17 | +30.6K | 282.3K | +12% | +$158.4K |
| D | 2024-06-25 | 2024-06-21 | HL | Allen Kurt | VP - Exploration | A - Grant | $0.00 | +48.1K | 282.3K | +21% | $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 | 7,910 | $4.91 | 282,269 | D Held in 401(k) Plan Account | — | — | (F1) Mr. Allen was awarded (i) 25,381 restricted stock units on June 21, 2021, (ii) 33,860 restricted stock units on June 21, 2022, and (iii) 32,673 restricted stock units on June 21, 2023. The restrictions lapsed on 1/3 of those vesting units (30,638 shares). To cover his tax liability, Hecla Mining Company sold 7,910 shares. (F2) Consists of 108,569 shares held directly, 92,493 performance-based shares, and 81,207 unvested restricted stock units. |
| 2 | Common | Common Stock | 2024-06-21 | J | A | 20,149 | $0.00 | 20,149 | I | — | — | (F5) Held as 1.679.37 units in Mr. Allen's 401(k) account under the Hecla Mining Company Capital Accumulation Plan, and estimated to be 20,149 shares. |
| 3 | Common | Common Stock | 2024-06-21 | A | A | 30,638 | $5.17 | 282,269 | D | — | — | (F3) Award of restricted stock units that vest as follows: 10,212 shares on June 21, 2025; 10,213 shares on June 21, 2026; and 10,213 shares on June 21, 2027. (F4) See footnote 2. |
| 4 | Derivative | Common Stock | 2024-06-21 | A | A | 48,138 | $0.00 | 282,269 | D | $0.00 · 2027-01-01 to 2027-01-01 | 48,138 Common Stock | (F6) Mr. Allen was awarded performance rights representing the contingent right to receive between $62,219 and $497,750 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. Allen under this plan are as follows: 100th percentile rank among peers = maximum award at 200% of target ($497,750 in stock); 50th percentile rank among peers = target award at grant value ($248,875 in stock); and 25th percentile rank among peers = threshold award at 25% of target (%62,219 in stock). (F7) See footnote 2. |