PHILLIPS S. BAKER JR - 21 Jun 2022 Form 4 Insider Report for HECLA MINING CO/DE/ (HL)

Role
President & CEO, Director
Signature
Tami D. Whitman, Attorney-in-Fact for Phillips S. Baker, Jr.
Issuer symbol
HL
Transactions as of
21 Jun 2022
Transactions value $
$649,996
Form type
4
Filing time
23 Jun 2022, 19:15:22 UTC
Previous filing
02 Mar 2022
Next filing
28 Feb 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HL Common Stock Award $649,996 +146,726 +2.9% $4.43 5,129,324 21 Jun 2022 Direct F1, F2
transaction HL Common Stock Other $0 +46,121 $0 46,121 21 Jun 2022 By 401(k) Plan F3

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 +146,726 +2.9% $0 5,129,324 21 Jun 2022 Common Stock 146,726 $0 Direct F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Award of restricted stock units that vest as follows: 48,908 shares on June 21, 2023; 48,909 shares on June 21, 2024; and 48,909 shares on June 21, 2025.
F2 Consists of 2,758,137 shares held directly, 1,795,964 shares deferred under the Hecla Mining Company Key Employee Deferred Compensation Plan, 342,191 performance-based units, and 233,032 unvested restricted stock units.
F3 Held as 3,839.801 units in Mr. Baker's 401(k) account under the Hecla Mining Company Capital Accumulation Plan, and estimated to be 46,121 shares.
F4 Mr. Baker was awarded performance rights representing the contingent right to receive between $325,000 and $1,300,000 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. Baker under this plan are as follows: 100th percentile rank among peers = maximum award at 200% of target ($1,300,000 in stock); 60th percentile rank among peers = target award at grant value ($650,000 in stock); and 50th percentile rank among peers = threshold award at 50% of target ($325,000 in stock).
F5 See footnote 2.