4//SEC Filing
Roberts Lauren M 4
Accession 0001784406-22-000002
CIK 0000719413other
Filed
Mar 1, 7:00 PM ET
Accepted
Mar 2, 8:12 PM ET
Size
12.3 KB
Accession
0001784406-22-000002
Insider Transaction Report
Form 4
Roberts Lauren M
Sr. Vice President & COO
Transactions
- Tax Payment
Common Stock
2022-02-28$5.76/sh−41,425$238,608→ 661,698 total - Other
Common Stock
2022-02-28+2,193→ 2,193 total(indirect: By 401(k)) - Exercise/Conversion
Common Stock
2022-02-28+74,627→ 68,541 totalExercise: $0.00From: 2021-12-31Exp: 2021-12-31→ Common Stock (74,627 underlying) - Exercise/Conversion
Common Stock
2022-02-28+143,035→ 703,123 total
Footnotes (8)
- [F1]On August 5, 2019, Mr. Roberts was awarded performance rights. The performance rights represented a contingent right to receive between $75,000 and $300,000 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. $300,000 worth of common stock); (2) 60th percentile rank among peers = target award at grant value (i.e. $150,000 worth of common stock); or (3) 50th percentile rank among peers = threshold payout at 50% target (i.e. $75,000 worth of common stock).
- [F2]In reporting the number of performance rights at the time of the award, Mr. Roberts assumed a target payout (i.e. $150,000 worth of common stock), with the common stock valued at the closing price on the day of the award ($2.01), and therefore reported an award of 74,627 performance rights. Based on Hecla Mining Company's total shareholder return ranking, Mr. Robert's award value was $287,500, and he therefore received 143,035 shares in settlement of the award (with the shares valued at the $2.01 closing price on August 5, 2019).
- [F3]Consists of outstanding performance rights.
- [F4]See footnotes (1) and (2). Shares received upon settlement of performance rights awarded in August 2019.
- [F5]Consists of 248,633 shares held directly, 339,119 shares held in the Key Employee Deferred Compensation Plan, and 115,371 unvested restricted stock units.
- [F6]Shares withheld for tax liability on 143,035 performance rights that vested.
- [F7]Consists of 207,208 shares held directly, 339,119 shares held in the Key Employee Deferred Compensation Plan, and 115,371 unvested restricted stock units.
- [F8]Held as 201.027 units in Mr. Robert's 401(k) account under Hecla Mining Company's Capital Accumulation Plan, and estimated to be 2,193 shares.
Documents
Issuer
HECLA MINING CO/DE/
CIK 0000719413
Entity typeother
Related Parties
1- filerCIK 0001784406
Filing Metadata
- Form type
- 4
- Filed
- Mar 1, 7:00 PM ET
- Accepted
- Mar 2, 8:12 PM ET
- Size
- 12.3 KB