Phillips S. Baker Jr - Jun 21, 2023 Form 4 Insider Report for HECLA MINING CO/DE/ (HL)

Role
President & CEO, Director
Signature
Tami D. Whitman, Attorney-in-Fact for Phillips S. Baker, Jr.
Stock symbol
HL
Transactions as of
Jun 21, 2023
Transactions value $
$714,999
Form type
4
Date filed
6/23/2023, 02:24 PM
Previous filing
Feb 28, 2023
Next filing
Feb 28, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HL Common Stock Award $715K +142K +2.62% $5.05 5.54M Jun 21, 2023 Direct F1, F2
transaction HL Common Stock Award $0 +50.5K $0.00 50.5K Jun 21, 2023 Held in 401(k) Plan Account F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction HL Performance rights Award $0 +142K +2.62% $0.00 5.54M Jun 21, 2023 Common Stock 142K $0.00 Direct F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Award of restricted stock units that vest as follows: 47,195 shares on June 21, 2024, 47,195 shares on June 21, 2025, and 47,194 shares on June 21, 2026.
F2 Consists of 3,136,227 shares held directly, 1,795,964 shares deferred under the Hecla Mining Company Key Employee Deferred compensation Plan, 351,762 performance-based units, and 260,552 unvested restricted stock units.
F3 Held as 4,209.622 units in Mr. Baker's 401(k) account under the Hecla Mining Company Capital Accumulation Plan, and estimated to be 50,515 shares.
F4 Mr. Baker was awarded performance rights representing the contingent right to receive between $357,500 and $1,430,000 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. Baker under this plan are as follows: 100th percentile rank among peers = maximum award at 200% of target ($1,430,000 in stock); 40th to 60th percentile rank among peers = target award at grant value ($715,000 in stock); and 25th percentile rank among peers = threshold award at 50% of target ($357,500 in stock).
F5 See footnote 2.