0001166074-23-000001.txt : 20230228
0001166074-23-000001.hdr.sgml : 20230228
20230228171421
ACCESSION NUMBER: 0001166074-23-000001
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20230224
FILED AS OF DATE: 20230228
DATE AS OF CHANGE: 20230228
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: BAKER PHILLIPS S JR
CENTRAL INDEX KEY: 0001166074
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-08491
FILM NUMBER: 23687173
MAIL ADDRESS:
STREET 1: 6500 NORTH MINERAL DRIVE
STREET 2: SUITE 200
CITY: COEUR D 'ALENE
STATE: ID
ZIP: 83815
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: HECLA MINING CO/DE/
CENTRAL INDEX KEY: 0000719413
STANDARD INDUSTRIAL CLASSIFICATION: MINING, QUARRYING OF NONMETALLIC MINERALS (NO FUELS) [1400]
IRS NUMBER: 770664171
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 6500 N MINERAL DRIVE SUITE 200
STREET 2: NONE
CITY: COEUR D'ALENE
STATE: ID
ZIP: 83815-9408
BUSINESS PHONE: 2087694100
MAIL ADDRESS:
STREET 1: 6500 N MINERAL DRIVE SUITE 200
STREET 2: NONE
CITY: COEUR D'ALENE
STATE: ID
ZIP: 83815-9408
4
1
primary_doc.xml
PRIMARY DOCUMENT
X0306
4
2023-02-24
0
0000719413
HECLA MINING CO/DE/
HL
0001166074
BAKER PHILLIPS S JR
6500 NORTH MINERAL DRIVE
SUITE 200
COEUR D 'ALENE
ID
83815
1
1
0
0
President & CEO
Common Stock
2023-02-24
4
M
0
264026
0
A
5051159
D
Common Stock
2023-02-27
4
J
0
48342
0
A
48342
I
Held in 401(k) Plan
Performance rights
0
2023-02-24
4
M
0
132013
0
A
2022-12-21
2022-12-31
Common Stock
132013
210178
D
On June 22, 2020, Mr. Baker was awarded performance rights. The performance rights represented a contingent right to receive between $200,000 and $800,000 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., $800,000 worth of common stock); (2) 60th percentile rank among peers = target award at grant value (i.e., $400,000 worth of common stock); or (3) 50th percentile rank among peers = threshold payout at 50% target (i.e., $200,000 worth of common stock).
In reporting the number of performance rights at the time of the award, Mr. Baker assumed a target payout (i.e., $500,000 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 132,013 performance rights. Based on Hecla Mining Company's total shareholder return ranking, Mr. Baker's award value was $800,000, and he therefore received 264,026 shares in settlement of the award (with the shares valued at the $4.03 closing price on June 22, 2020).
Consists of outstanding performance rights.
See footnotes (1) and (2). Shares received upon settlement of performance rights awarded in June 2020.
Consists of 3,022,163 shares held directly, 1,795,964 shares held in the Key Employee Deferred Compensation Plan, and 233,032 unvested restricted stock units.
Held as 4,028.562 units in Mr. Baker's 401(k) account under Hecla Mining Company's Capital Accumulation Plan, and estimated to be 48,342 shares.
Tami D. Whitman, Attorney-in-Fact for Phillips S. Baker, Jr.
2023-02-28