0001481905-22-000001.txt : 20220302
0001481905-22-000001.hdr.sgml : 20220302
20220302203542
ACCESSION NUMBER: 0001481905-22-000001
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20220228
FILED AS OF DATE: 20220302
DATE AS OF CHANGE: 20220302
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Sienko David C
CENTRAL INDEX KEY: 0001481905
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-08491
FILM NUMBER: 22706314
BUSINESS ADDRESS:
BUSINESS PHONE: (208) 769-4100
MAIL ADDRESS:
STREET 1: 6500 N. MINERAL DRIVE, 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
2022-02-28
0
0000719413
HECLA MINING CO/DE/
HL
0001481905
Sienko David C
6500 N. MINERAL DRIVE, SUITE 200
COEUR D'ALENE
ID
83815
0
1
0
0
VP & General Counsel
Common Stock
2022-02-28
4
M
0
104167
0
A
767016
D
Common Stock
2022-02-28
4
F
0
31902
5.76
D
734115
D
Common Stock
2022-02-28
4
J
0
1089
0
A
1089
I
Held in 401(k) Plan
Performance rights
0
2022-02-28
4
M
0
54348
0
A
2021-12-31
2021-12-31
Common Stock
54348
45693
D
On June 21, 2019, Mr. Sienko was awarded performance rights. The performance rights represented a contingent right to receive between $50,000 and $200,000 worth of Hecla Mining Company common stock based on Hecla's total shareholder return performance over the 3-year period from January 1, 2019 through December 31, 2021, 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. $200,000 worth of common stock); (2) 60th percentile rank among peers = target award at grant value (i.e. $100,000 worth of common stock); or (3) 50th percentile rank among peers = threshold payout at 50% target (i.e. $50,000 worth of common stock).
In reporting the number of performance rights at the time of the award, Mr. Sienko assumed a target payout (i.e. $100,000 worth of common stock), with the common stock valued at the closing price on the day of the award ($1.84), and therefore reported an award of 54,348 performance rights. Based on Hecla Mining Company's total shareholder return ranking, Mr. Sienko's award value was $191,667, and he therefore received 104,167 shares in settlement of the award (with the shares valued at the $1.84 closing price on June 21, 2019).
Consists of outstanding performance rights.
See footnotes (1) and (2). Shares received upon settlement of performance rights awarded in June 2019.
Consists of 687,803 shares held directly, and 79,213 unvested restricted stock units.
Shares withheld for tax liability on 104,167 performance rights that vested.
Consists of 654,902 shares held directly, and 79,213 unvested restricted stock units.
Consists of 99.889 units in Mr. Sienko's 401(k) account under Hecla Mining Company's Capital Accumulation Plan, and estimated to be 1,089 shares.
Tami D. Whitman, Attorney-in-Fact for David C. Sienko
2022-03-02