4//SEC Filing
Allen Kurt 4
Accession 0001869029-23-000001
CIK 0000719413other
Filed
Jun 22, 8:00 PM ET
Accepted
Jun 23, 11:56 AM ET
Size
11.8 KB
Accession
0001869029-23-000001
Insider Transaction Report
Form 4
Allen Kurt
VP-Exploration
Transactions
- Tax Payment
Common Stock
2023-06-21−6,954→ 167,932 total - Other
Common Stock
2023-06-21+16,226→ 16,226 total(indirect: By 401(k)) - Award
Performance rights
2023-06-21+21,782→ 167,921 totalExercise: $0.00From: 2026-01-01Exp: 2026-01-01→ Common Stock (21,782 underlying) - Award
Common Stock
2023-06-21$5.05/sh+32,673$164,999→ 167,932 total
Footnotes (7)
- [F1]Mr. Allen was awarded (i) 26,403 restricted stock units on June 22, 2020, (ii) 25,381 restricted stock units on June 21, 2021, and (iii) 33,860 restricted stock units on June 21, 2022. The restrictions lapsed on 1/3 of those vesting units (28,548 shares). Mr. Allen elected to have Hecla Mining Company withhold 6,954 shares to cover his tax liability.
- [F2]Consists of 59,870 shares held directly, 44,355 performance-based shares, and 63,707 unvested restricted stock units.
- [F3]Award of restricted stock units that vest as follows: 10,891 shares on June 21, 2024, 10,891 shares on June 21, 2025, and 10,891 shares on June 21, 2026.
- [F4]See footnote 2.
- [F5]Held as 1,352.136 units in Mr. Allen's 401(k) account under the Hecla Mining Company Capital Accumulation Plan, and estimated to be 16,226 shares.
- [F6]Mr. Allen was awarded performance rights representing the contingent right to receive between $55,000 and $220,000 worth of Hecla Mining Company common stock based on Hecla Mining Company's Total Shareholder Return performance over the 3-year period (January 1, 2023 to December 31, 2025) relative to our peers. Examples of the potential grant of shares to Mr. Allen under this plan are as follows: 100th percentile rank among peers = maximum award at 200% of target ($220,000 in stock); 40th to 60th percentile rank among peers = target award at grant value ($110,000 in stock); and 25th percentile rank among peers = threshold award at 50% of target ($55,000 in stock).
- [F7]See footnote 2.
Documents
Issuer
HECLA MINING CO/DE/
CIK 0000719413
Entity typeother
Related Parties
1- filerCIK 0001869029
Filing Metadata
- Form type
- 4
- Filed
- Jun 22, 8:00 PM ET
- Accepted
- Jun 23, 11:56 AM ET
- Size
- 11.8 KB