BAKER PHILLIPS S JR 4
4 · HECLA MINING CO/DE/ · Filed Jun 23, 2022
Insider Transaction Report
Form 4
BAKER PHILLIPS S JR
DirectorPresident and CEO
Transactions
- Award
Common Stock
2022-06-21$4.43/sh+146,726$649,996→ 5,129,324 total - Other
Common Stock
2022-06-21+46,121→ 46,121 total(indirect: By 401(k)) - Award
Performance rights
2022-06-21+146,726→ 5,129,324 totalExercise: $0.00From: 2025-01-01Exp: 2026-01-01→ Common Stock (146,726 underlying)
Footnotes (5)
- [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.