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HECLA MINING CO/DE/ — Director's Dealing 2022
Jun 24, 2022
30738_dirs_2022-06-24_a714d06e-ea1e-4330-91bb-918014495126.zip
Director's Dealing
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SEC Form 4/A — Form 4/A
Issuer: HECLA MINING CO/DE/ (HL)
CIK: 0000719413
Period of Report: 2022-06-21
Reporting Person: Sienko David C (VP & General Counsel)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2022-06-21 | Common Stock | F | 22976 | — | Disposed | 821165 | Direct |
| 2022-06-21 | Common Stock | A | 38374 | $4.43 | Acquired | 821165 | Direct |
| 2022-06-21 | Common Stock | J | 4191 | — | Acquired | 4191 | Indirect |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2022-06-21 | Performance rights | $0 | A | 25959 | Acquired | 2026-01-01 | Common Stock (25959) | Direct |
Footnotes
F1: Mr. Sienko was awarded (i) 81,522 restricted stock units on June 21, 2019; (ii) 49,505 restricted stock units on June 22, 2020; and (iii) 19,036 restricted stock units on June 21, 2021. The restrictions lapsed on 1/3 of those vesting units (50,022 shares). Mr. Sienko elected to have Hecla Mining Company withhold 22,976 shares to cover his tax liability.
F2: Consists of 681,948 shares held directly, 67,565 unvested restricted stock units, and 71,652 performance-based shares.
F3: Award of restricted stock units that vest as follows: 12,791 shares on June 21, 2023; 12,791 shares on June 21, 2024; and 12,792 shares on June 21, 2025.
F4: See footnote 2.
F5: Held as 348.942 units in Mr. Sienko's 401(k) account under the Hecla Mining Company Capital Accumulation Plan, and estimated to be 4,191 shares.
F6: Mr. Sienko was awarded performance rights representing the contingent right to receive between $57,500 and $230,000 worth of Hecla Mining Company common stock based on Hecla Mining Company's Total Shareholder Return performance over the 3-year period (January 1, 2022 to December 31, 2024) 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 ($230,000 in stock); 60th percentile rank among peers = target award at grant value ($115,000 in stock); and 50th percentile rank among peers = threshold award at 50% of target ($57,500 in stock).
F7: See footnote 2.