Roberts Lauren M 4
4 · HECLA MINING CO/DE/ · Filed Feb 28, 2023
Insider Transaction Report
Form 4
Roberts Lauren M
Sr. Vice President & COO
Transactions
- Exercise/Conversion
Common Stock
2023-02-24+99,010→ 796,962 total - Tax Payment
Common Stock
2023-02-24$4.98/sh−28,798$143,414→ 768,164 total - Other
Common Stock
2023-02-27+8,444→ 8,444 total(indirect: By 401(k)) - Exercise/Conversion
Performance rights
2023-02-24+49,505→ 64,182 totalExercise: $0.00From: 2022-12-31Exp: 2022-12-31→ Common Stock (49,505 underlying)
Footnotes (8)
- [F1]On June 22, 2020, Mr. Roberts was awarded performance rights. The performance rights represented a contingent right to receive between $75,000 and $300,000 worth of Hecla Mining Company common stock based on Hecla's total shareholder return performance over the 3-year period from January 1, 2020 through December 31, 2022, 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., $300,000 worth of common stock); (2) 60th percentile rank among peers = target award at grant value (i.e., $150,000 worth of common stock); or (3) 50th percentile rank among peers = threshold payout at 50% of target (i.e., $75,000 worth of common stock).
- [F2]In reporting the number of performance rights at the time of the award, Mr. Roberts assumed a target payout (i.e., $150,000 worth of common stock), with the common stock valued at the closing price on the day of the award ($3.03), and therefore reported an award of 49,505 performance rights. Based on Hecla Mining Company's total shareholder return ranking, Mr. Robert's award value was $300,000, and he therefore received 99,010 shares in settlement of the award (with the shares valued at the $3.03 closing price on June 22, 2020).
- [F3]Consists of outstanding performance rights.
- [F4]See footnotes (1) and (2). Shares received upon settlement of performance rights awarded in June 2020.
- [F5]Consists of 346,515 shares held directly, 339,119 shares held in the Key Employee Deferred Compensation Plan, and 111,328 unvested restricted stock units.
- [F6]Shares withheld for tax liability on the 99,010 performance rights that vested.
- [F7]Consists of 317,717 shares held directly, 339,119 shares held in the Key Employee Deferred Compensation Plan, and 111,328 unvested restricted stock units.
- [F8]Held as 703.724 units in Mr. Robert's 401(k) account under the Hecla Mining Company Capital Accumulation Plan, and estimated to be 8,444 shares.