4//SEC Filing
Clary Michael L. 4
Accession 0001867048-24-000001
CIK 0000719413other
Filed
Feb 27, 7:00 PM ET
Accepted
Feb 28, 5:40 PM ET
Size
12.3 KB
Accession
0001867048-24-000001
Insider Transaction Report
Form 4
Clary Michael L.
Sr. VP & CAO
Transactions
- Exercise/Conversion
Common Stock
2024-02-26+24,428→ 166,050 total - Tax Payment
Common Stock
2024-02-26$3.54/sh−8,660$30,656→ 157,390 total - Other
Common Stock
2024-02-26+8,097→ 8,097 total(indirect: By 401(k)) - Exercise/Conversion
Performance rights
2024-02-26+13,959→ 54,415 totalExercise: $0.00From: 2023-12-31Exp: 2023-12-31→ Common Stock (13,959 underlying)
Footnotes (8)
- [F1]On June 21, 2021, Mr. Clary was awarded performance rights. The performance rights represented a contingent right to receive between $55,000 and $220,000 worth of Hecla Mining Company common stock based on Hecla's total shareholder return performance over the 3-year period from January 1, 2021 through December 31, 2023, 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., $220,000 worth of common stock); (2) 60th percentile rank among peers = target award at grant value (i.e., $110,000 worth of common stock); or (3) 50th percentile rank among peers = threshold payout at 50% of target (i.e., $55,000 worth of common stock).
- [F2]In reporting the number of performance rights at the time of the award, Mr. Clary assumed a target payout (i.e., $110,000 worth of common stock), with the common stock valued at the closing price on the day of the award ($7.88), and therefore reported an award of 13,959 performance rights. Based on Hecla Mining Company's total shareholder return ranking, Mr. Clary's award value was 175%, and he therefore received 24,428 shares in settlement of the award (with the shares valued at the $7.88 closing price on June 21, 2021.
- [F3]Consists of outstanding performance rights.
- [F4]See footnotes (1) and (2). Shares received upon settlement of performance rights awarded in June 2021.
- [F5]Consists of 90,781 shares held directly, and 75,269 unvested restricted stock units.
- [F6]Shares withheld for tax liability on 24,428 performance rights that vested.
- [F7]Consists of 82,121 shares held directly, and 75,269 unvested restricted stock units.
- [F8]Consists of 673.972 units in Mr. Clary's 401(k) account under Hecla Mining Company's Capital Accumulation Plan, and estimated to be 8,097 shares.
Documents
Issuer
HECLA MINING CO/DE/
CIK 0000719413
Entity typeother
Related Parties
1- filerCIK 0001867048
Filing Metadata
- Form type
- 4
- Filed
- Feb 27, 7:00 PM ET
- Accepted
- Feb 28, 5:40 PM ET
- Size
- 12.3 KB