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