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HECLA MINING CO/DE/ — Director's Dealing 2023
Jun 23, 2023
30738_dirs_2023-06-23_fbf0f403-ba6f-4a21-9db1-eec7eede668d.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: HECLA MINING CO/DE/ (HL)
CIK: 0000719413
Period of Report: 2023-06-21
Reporting Person: Sienko David C (VP & General Counsel)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2023-06-21 | Common Stock | F | 15888 | — | Disposed | 866729 | Direct |
| 2023-06-21 | Common Stock | A | 35350 | $5.05 | Acquired | 866729 | Direct |
| 2023-06-21 | Common Stock | J | 7637 | — | Acquired | 7637 | Indirect |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2023-06-21 | Performance rights | $0 | A | 23881 | Acquired | 2026-01-01 | Common Stock (23881) | Direct |
Footnotes
F1: Mr. Sienko was awarded (i) 49,505 restricted stock units on June 22, 2020, (ii) 19,036 restricted stock units on June 21, 2021, and (iii) 38,374 restricted stock units on June 21, 2022. The restrictions lapsed on 1/3 of those vesting units (35,638 shares). Mr. Sienko elected to have Hecla Mining Company withhold 15,888 shares to cover his tax liability.
F2: Consists of 736,922 shares held directly, 62,530 performance-based shares, and 67,277 unvested restricted stock units.
F3: Award of restricted stock units that vest as follows: 11,784 shares on June 21, 2024, 11,783 shares on June 21, 2025, and 11,783 shares on June 21, 2026.
F4: See footnote 2.
F5: Held as 636.418 units in Mr. Sienko's 401(k) account under the Hecla Mining Company Capital Accumulation Plan, and estimated to be 7,637 shares.
F6: Mr. Sienko was awarded performance rights representing the contingent right to receive between $60,300 and $241,200 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. Sienko under this plan are as follows: 100th percentile rank among peers = maximum award at 200% of target ($241,200 in stock); 40th and 60th percentile rank among peers = target award at grant value ($120,600 in stock); and 25th percentile rank among peers = threshold award at 50% of target ($60,300 in stock).
F7: See footnote 2.