4//SEC Filing
BAKER PHILLIPS S JR 4
Accession 0001166074-23-000001
CIK 0000719413other
Filed
Feb 27, 7:00 PM ET
Accepted
Feb 28, 5:14 PM ET
Size
10.5 KB
Accession
0001166074-23-000001
Insider Transaction Report
Form 4
BAKER PHILLIPS S JR
DirectorPresident and CEO
Transactions
- Exercise/Conversion
Common Stock
2023-02-24+264,026→ 5,051,159 total - Other
Common Stock
2023-02-27+48,342→ 48,342 total(indirect: By 401(k)) - Exercise/Conversion
Performance rights
2023-02-24+132,013→ 210,178 totalExercise: $0.00From: 2022-12-21Exp: 2022-12-31→ Common Stock (132,013 underlying)
Footnotes (6)
- [F1]On June 22, 2020, Mr. Baker was awarded performance rights. The performance rights represented a contingent right to receive between $200,000 and $800,000 worth of Hecla Mining Company common stock based on Hecla's total shareholder return performance over the 3-year period from January 1, 2020 through December 31, 2022, 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., $800,000 worth of common stock); (2) 60th percentile rank among peers = target award at grant value (i.e., $400,000 worth of common stock); or (3) 50th percentile rank among peers = threshold payout at 50% target (i.e., $200,000 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 $3.03), and therefore reported an award of 132,013 performance rights. Based on Hecla Mining Company's total shareholder return ranking, Mr. Baker's award value was $800,000, and he therefore received 264,026 shares in settlement of the award (with the shares valued at the $4.03 closing price on June 22, 2020).
- [F3]Consists of outstanding performance rights.
- [F4]See footnotes (1) and (2). Shares received upon settlement of performance rights awarded in June 2020.
- [F5]Consists of 3,022,163 shares held directly, 1,795,964 shares held in the Key Employee Deferred Compensation Plan, and 233,032 unvested restricted stock units.
- [F6]Held as 4,028.562 units in Mr. Baker's 401(k) account under Hecla Mining Company's Capital Accumulation Plan, and estimated to be 48,342 shares.
Documents
Issuer
HECLA MINING CO/DE/
CIK 0000719413
Entity typeother
Related Parties
1- filerCIK 0001166074
Filing Metadata
- Form type
- 4
- Filed
- Feb 27, 7:00 PM ET
- Accepted
- Feb 28, 5:14 PM ET
- Size
- 10.5 KB