4//SEC Filing
BAKER PHILLIPS S JR 4
Accession 0001166074-22-000001
CIK 0000719413other
Filed
Mar 1, 7:00 PM ET
Accepted
Mar 2, 6:50 PM ET
Size
12.3 KB
Accession
0001166074-22-000001
Insider Transaction Report
Form 4
BAKER PHILLIPS S JR
DirectorPresident and CEO
Transactions
- Tax Payment
Common Stock
2022-02-28$5.76/sh−195,090$1,123,718→ 4,640,407 total - Other
Common Stock
2022-02-28+40,392→ 40,392 total(indirect: By 401(k)) - Exercise/Conversion
Common Stock
2022-02-28+520,833→ 4,835,497 total - Exercise/Conversion
Performance rights
2022-02-28+271,391→ 195,465 totalExercise: $0.00From: 2021-12-31Exp: 2021-12-31→ Common Stock (271,391 underlying)
Footnotes (8)
- [F1]On June 21, 2019, Mr. Baker was awarded performance rights. The performance rights represented a contingent right to receive between $250,000 and $1,000,000 worth of Hecla Mining Company common stock based on Hecla's total shareholder return performance over the 3-year period from January 1, 2019 through December 31, 2021, based on the following percentile rank within Hecla's peer group companies: (1) 100th percentile rank among peers = maximum award at 200% of target (i.e., $1 million worth of common stock); (2) 60th percentile rank among peers = target award at grant value (i.e. $500,000 worth of common stock); or (3) 50th percentile rank among peers = threshold payout at 50% target (i.e. $250,000 worth of common stock).
- [F2]In reporting the number of performance rights at the time of the award, Mr. Baker assumed a target payout (i.e. $500,000 worth of common stock), with the common stock valued at the closing price on the day of the award ($1.84), and therefore reported an award of 271,739 performance rights. Based on Hecla Mining Company's total shareholder return ranking, Mr. Baker's award value was $958,333, and he therefore received 520,833 shares in settlement of the award (with the shares valued at the $1.84 closing price on June 21, 2019).
- [F3]Consists of outstanding performance rights.
- [F4]See footnotes (1) and (2). Shares received upon settlement of performance rights awarded in June 2019.
- [F5]Consists of 2,815,610 shares held directly, 1,795,964 shares held in the Key Employee Deferred Compensation Plan, and 223,923 unvested restricted stock units.
- [F6]Shares withheld for tax liability on 520,833 performance rights that vested.
- [F7]Consists of 2,620,520 shares held directly, 1,795,964 shares held in the Key Employee Deferred Compensation Plan, and 223,923 unvested restricted stock units.
- [F8]Held as 3,701.816 units in Mr. Baker's 401(k) account under Hecla Mining Company's Capital Accumulation Plan, and estimated to be 40,392 shares.
Documents
Issuer
HECLA MINING CO/DE/
CIK 0000719413
Entity typeother
Related Parties
1- filerCIK 0001166074
Filing Metadata
- Form type
- 4
- Filed
- Mar 1, 7:00 PM ET
- Accepted
- Mar 2, 6:50 PM ET
- Size
- 12.3 KB