Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | HL | Common Stock | Options Exercise | $0 | +24.4K | +21.4% | $0.00 | 139K | Feb 26, 2024 | Direct | F4, F5 |
transaction | HL | Common Stock | Tax liability | -$30.7K | -8.66K | -6.25% | $3.54 | 130K | Feb 26, 2024 | Direct | F6, F7 |
transaction | HL | Common Stock | Other | $0 | +12.3K | $0.00 | 12.3K | Feb 26, 2024 | Held in 401(k) Plan | F8 |
Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
transaction | HL | Performance rights | Options Exercise | $0 | +14K | +31.01% | $0.00 | 59K | Feb 26, 2024 | Common Stock | 14K | $0.00 | Direct | F1, F2, F3 |
Id | Content |
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F1 | On June 21, 2021, Mr. Lawlar 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. Lawlar 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. Lawlar'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 57,635 shares held directly, and 80,937 unvested restricted stock units. |
F6 | Shares withheld for tax liability on 24,428 performance rights that vested. |
F7 | Consists of 48,975 shares held directly, and 80,937 unvested restricted stock units. |
F8 | Consists of 1,024.911 units in Mr. Lawlar's 401(k) account under Hecla Mining Company's Capital Accumulation Plan, and estimated to be 12,313 shares. |