(HL)

Reporting relationship: President & CEO, Director
Issuer ticker: HL
Reported as of: 26 Feb 2024
Net transaction value: $0
SEC form: 4
Accepted by SEC: 28 Feb 2024, 18:31:27 UTC
Prior SEC filing: 23 Jun 2023
Next SEC filing: 18 Mar 2024
Source filing: View source filing
Reporting owner signature: Tami D. Whitman, Attorney-in-Fact for Phillips S. Baker, Jr.

Key filing fact

Phillips S. Baker Jr. filed Form 4 for HECLA MINING CO/DE/ (HL) on 28 Feb 2024.

Key facts

This page summarizes Phillips S. Baker Jr.'s Form 4 filing for HECLA MINING CO/DE/ (HL).
3 reported transactions and 1 derivative row are listed below.
Accepted by SEC: 28 Feb 2024, 18:31.

Change

Previous filing in this sequence was filed on 23 Jun 2023.
Current net transaction value: $0.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

HL transaction

Common Stock

Options Exercise

Transaction value: $0
Shares: +111,041
Change %: +2.1%
Price: $0.000000
Shares after: 5,303,784
Date: 26 Feb 2024
Ownership: Direct
Footnotes: F4, F5

HL transaction

Common Stock

Other

Transaction value: $0
Shares: +52,022
Change %
Price: $0.000000
Shares after: 52,022
Date: 26 Feb 2024
Ownership: Held in 401(k) Plan
Footnotes: F6

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

HL transaction Derivative

Performance rights

Options Exercise

Transaction value: $0
Shares: +63,452
Change %: +28%
Price: $0.000000
Shares after: 288,310
Date: 26 Feb 2024
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 63,452
Exercise price: $0.000000
Footnotes: F1, F2, F3

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 6 footnotes

Footnote F1

On June 21, 2021, Mr. Baker was awarded performance rights. The performance rights represented a contingent right to receive between $250,000 and $1,000,000 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., $1,000,000 worth of common stock); (2) 60th percentile rank among peers = target award at grant value (i.e., $500,000 worth of common stock); or (3) 50th percentile rank among peers = threshold payout at 50% of target (i.e., $250,000 worth of common stock).

Footnote F2

In reporting the number of performance rights at the time of the award, Mr. Baker assumed a target payout (i.e., $500,000 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 63,452 performance rights. Based on Hecla Mining Company's total shareholder return ranking, Mr. Baker's award value was 175%, and he therefore received 111,041 shares in settlement of the award (with the shares valued at the $7.88 closing price on June 21, 2021).

Footnote F3

Consists of outstanding performance rights.

Footnote F4

See footnotes (1) and (2). Shares received upon settlement of performance rights awarded in June 2021.

Footnote F5

Consists of 3,247,268 shares held directly, 1,795,964 shares held in the Key Employee Deferred Compensation Plan, and 260,552 unvested restricted stock units.

Footnote F6

Held as 4,330.088 units in Mr. Baker's 401(k) account under Hecla Mining Company's Capital Accumulation Plan, and estimated to be 52,022 shares.