BAKER PHILLIPS S JR 4
4 · HECLA MINING CO/DE/ · Filed Jun 23, 2021
Insider Transaction Report
Form 4
BAKER PHILLIPS S JR
DirectorPresident and CEO
Transactions
- Tax Payment
Common Stock
2021-06-21−68,274→ 4,781,868 total - Other
Common Stock
2021-06-22+44,309→ 44,309 total(indirect: By 401(k)) - Award
Common Stock
2021-06-21$7.88/sh+63,452$500,002→ 4,781,868 total - Award
Performance Rights
2021-06-21+63,452→ 4,781,868 totalExercise: $0.00From: 2023-01-01Exp: 2023-01-01→ Common Stock (63,452 underlying)
Footnotes (7)
- [F1]Mr. Baker was awarded (i) 130,548 restricted stock units on 6/19/18; (ii) 217,391 restricted stock units on 6/21/19; and (iii) 132,013 restricted stock units on 6/22/20. The restrictions lapsed on 1/3 of those vesting units (159,985 shares). Mr. Baker elected to have Hecla Mining Company withhold 68,274 shares to cover his tax liability.
- [F2]Consists of 2,294,777 shares held directly, 1,795,964 shares held in the Hecla Mining Company Key Employee Deferred Compensation Plan, 223,923 unvested restricted stock units, and 467,204 performance-based shares.
- [F3]Held as 3,690.868 units in Mr. Baker's 401(k) account under the Hecla Mining Company Capital Accumulation Plan, and estimated to be 44,309 shares.
- [F4]Award of restricted stock units that vest as follows: 21,150 shares on June 21, 2022; 21,151 shares on June 1, 2023; and 21,151 shares on June 2, 2024.
- [F5]See footnote 2
- [F6]Mr. Baker was awarded performance rights representing the contingent right to receive between $250,000 and $1,000,000 worth of Hecla Mining Company common stock based on Hecla Mining Company's Total Shareholder Return performance over the 3-year period (January 1, 2021 to December 31, 2023) relative to our peers. Examples of the potential grant of shares to Mr. Baker under this plan are as follows: 100th percentile rank among peers = maximum award at 200% ($1,000,000 in stock); 60th percentile rank among peers = target award at grant value ($500,000 in stock); and 50th percentile rank among peers = threshold award at 50% target ($250,000 in stock).
- [F7]See footnote 2