David C. Sienko - 21 Jun 2021 Form 4 Insider Report for HECLA MINING CO/DE/ (HL)

Role
VP and General Counsel
Signature
Tami D. Whitman, Attorney-in-Fact for David C. Sienko
Issuer symbol
HL
Transactions as of
21 Jun 2021
Net transactions value
+$150,004
Form type
4
Filing time
23 Jun 2021, 18:19:37 UTC
Previous filing
21 Jun 2021
Next filing
02 Mar 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HL Common Stock Tax liability $0 -18,425 -2.4% $0.000000 762,890 21 Jun 2021 Direct F1, F2
transaction HL Common Stock Award $150,004 +19,036 +2.6% $7.88 762,890 21 Jun 2021 Direct F3, F4
transaction HL Common Stock Other $0 +1,196 $0.000000 1,196 22 Jun 2021 By 401(k) Plan F5

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 +12,690 +1.7% $0.000000 762,890 21 Jun 2021 Common Stock 12,690 $0.000000 Direct F6, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Mr. Sienko was awarded (i) 45,692 restricted stock units on June 19, 2018; (ii) 81,522 restricted stock units on June 21, 2019; and (iii) 49,505 restricted stock units on June 22, 2020. The restrictions lapsed on 1/3 of those vesting units (58,907 shares). Mr. Sienko elected to have Hecla Mining Company withhold 18,425 shares to cover his tax liability.
F2 Total consists of 583,636 shares held directly, 79,213 unvested restricted stock units, and 100,041 performance-based shares.
F3 Award of restricted stock units that vest as follows: 6,346 shares on June 21, 2022; 6,345 share on June 21, 2023; and 6,345 shares on June 21, 2024.
F4 See footnote 2
F5 Held as 99.594 units in Mr. Sienko's 401(k) account under the Hecla Mining Company Capital Accumulation Plan, and estimated to be 1,196 shares.
F6 Mr. Sienko was awarded performance rights representing the contingent right to receive between $50,000 and $200,000 worth of Hecla Mining Company common stock based on Hecla Mining Company's Total Shareholder Return performance over the 3-year period (January 1, 2021 to December 31, 2023) relative to our peers. Examples of the potential grant of shares to Mr. Sienko under this plan are as follows: 100th percentile rank among peers = maximum award at 200% of target ($200,000 in stock); 60th percentile rank among peers = target award at grant value ($100,000 in stock); and 50th percentile rank among peers = threshold award at 50% of target ($50,000 in stock).
F7 See footnote 2