Filing Details
- Accession Number:
- 0001867048-24-000003
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2024-06-25 18:17:25
- Reporting Period:
- 2024-06-21
- Accepted Time:
- 2024-06-25 18:17:25
- SEC Url:
- Form 4 Filing
Issuer
Cik | Name | Symbol | Sector (SIC) | IRS No |
---|---|---|---|---|
719413 | Hecla Mining Co | HL | Mining & Quarrying Of Nonmetallic Minerals (No Fuels) (1400) | 770664171 |
Insiders
Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
---|---|---|---|---|---|---|---|
1867048 | L. Michael Clary | 6500 N. Mineral Dr., Suite 200 Coeur D'Alene ID 83815 | Sr. Vp & Cao | No | Yes | No | No |
Reported Non-Derivative Transactions
Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
---|---|---|---|---|---|---|---|---|---|---|
Common Stock | Disposition | 2024-06-25 | 30,634 | $4.91 | 351,972 | No | 4 | S | Direct | |
Common Stock | Acquisiton | 2024-06-21 | 66,397 | $5.17 | 351,972 | No | 4 | A | Direct | |
Common Stock | Acquisiton | 2024-06-21 | 9,137 | $0.00 | 9,137 | No | 4 | J | Indirect | Held in 401(k) Plan Account |
Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
---|---|---|---|---|
No | 4 | S | Direct | |
No | 4 | A | Direct | |
No | 4 | J | Indirect | Held in 401(k) Plan Account |
Reported Derivative Transactions
Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
---|---|---|---|---|---|---|---|
Common Stock | Performance rights | Acquisiton | 2024-06-21 | 66,397 | $0.00 | 66,397 | $0.00 |
Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
---|---|---|---|---|---|---|
351,972 | 2027-01-01 | 2027-01-01 | No | 4 | A | Direct |
Footnotes
- 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.
- Consists of 123,893 shares held directly, 120,812 performance-based units, and 107,267 unvested restricted stock units.
- 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.
- See footnote 2.
- 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.
- 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).
- See footnote 2.