4//SEC Filing
Clary Michael L. 4
Accession 0001867048-24-000003
CIK 0000719413other
Filed
Jun 24, 8:00 PM ET
Accepted
Jun 25, 6:17 PM ET
Size
11.9 KB
Accession
0001867048-24-000003
Insider Transaction Report
Form 4
Clary Michael L.
Sr. VP & CAO
Transactions
- Other
Common Stock
2024-06-21+9,137→ 9,137 total(indirect: By 401(k)) - Award
Common Stock
2024-06-21$5.17/sh+66,397$343,272→ 351,972 total - Sale
Common Stock
2024-06-25$4.91/sh−30,634$150,260→ 351,972 total - Award
Performance rights
2024-06-21+66,397→ 351,972 totalExercise: $0.00From: 2027-01-01Exp: 2027-01-01→ Common Stock (66,397 underlying)
Footnotes (7)
- [F1]Mr. Clary was awarded (i) 21,574 restricted stock units on June 21, 2021, (ii) 40,632 restricted stock units n June 21, 2022, and (iii) 40,990 restricted stock units on June 21, 2023. The restrictions lapsed on 1/3 of those vesting units (34,399 shares). To cover his tax liability, Hecla Mining Company sold 30,634 of those shares.
- [F2]Consists of 123,893 shares held directly, 120,812 performance-based units, and 107,267 unvested restricted stock units.
- [F3]Award of restricted stock units that vest as follows: 22,132 shares on June 21, 2025; 22,132 shares on June 21, 2026; and 22,133 shares on June 21, 2027.
- [F4]See footnote 2.
- [F5]Held as 761.561 units in Mr. Clary's 401(k) account under the Hecla Mining Company Capital Accumulation Plan, and estimated to be 9,137 shares.
- [F6]Mr. Clary was awarded performance rights representing the contingent right to receive between $171,638 and $686,660 worth of Hecla Mining Company common stock based on Hecla Mining Company's Total Shareholder Return performance over the 3-year period (January 1, 2024 to December 31, 2026) relative to our peers. Examples of the potential grant of shares to Mr. Clary under this plan are as follows: 100th percentile rank among peers = maximum award at 200% of target ($686,660 in stock); 50th percentile rank among peers = target award at grant value ($343,275 in stock); and 25th percentile rank among peers = threshold award at 25% of target ($85,819 in stock).
- [F7]See footnote 2.
Documents
Issuer
HECLA MINING CO/DE/
CIK 0000719413
Entity typeother
Related Parties
1- filerCIK 0001867048
Filing Metadata
- Form type
- 4
- Filed
- Jun 24, 8:00 PM ET
- Accepted
- Jun 25, 6:17 PM ET
- Size
- 11.9 KB