0001667482-24-000001.txt : 20240228
0001667482-24-000001.hdr.sgml : 20240228
20240228180212
ACCESSION NUMBER: 0001667482-24-000001
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20240226
FILED AS OF DATE: 20240228
DATE AS OF CHANGE: 20240228
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Brown Robert Denis
CENTRAL INDEX KEY: 0001667482
ORGANIZATION NAME:
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-08491
FILM NUMBER: 24697647
MAIL ADDRESS:
STREET 1: 6500 N MINERAL DR
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]
ORGANIZATION NAME: 01 Energy & Transportation
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
X0508
4
2024-02-26
0
0000719413
HECLA MINING CO/DE/
HL
0001667482
Brown Robert Denis
6500 N MINERAL DR
SUITE 200
COEUR D ALENE
ID
83815
0
1
0
0
VP - Corp. Develop & Sustain.
0
Common Stock
2024-02-26
4
M
0
23319
0
A
433112
D
Common Stock
2024-02-26
4
F
0
12476
3.54
D
420636
D
Performance rights
0
2024-02-26
4
M
0
13325
0
A
2023-12-31
2023-12-31
Common Stock
13325
51009
D
On June 21, 2021, Mr. Brown was awarded performance rights. The performance rights represented a contingent right to receive between $52,500 and $210,000 worth of Hecla Mining Company common stock based on Hecla's total shareholder return performance over the 3-year period of January 1, 2021 through December 31, 2023, 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., $210,000 worth of common stock); (2) 60th percentile rank among peers = target award at grant value (i.e., $105,000 worth of common stock); or (3) 50th percentile rank among peers = threshold payout at 50% of target (i.e., $52,500 worth of common stock).
In reporting the number of performance rights at the time of the award, Mr. Brown assumed a target payout (i.e., $105,000 worth of common stock), with the common stock valued at the closing price on the day of the award ($7.88), and therefore reported an award of 13,325 performance rights. Based on Hecla Mining Company's total shareholder return ranking, Mr. Brown's award value was 175%, and therefore he received 23,319 shares in settlement of the award (with the shares valued at the $7.88 closing price on June 21, 2021.
Consists of outstanding performance rights.
See footnotes (1) and (2). Shares received upon settlement of performance rights awarded in June 2021.
Consists of 363,732 shares held directly, and 69,380 unvested restricted stock units.
Shares withheld for tax liability on 23,319 performance rights that vested.
Consists of 351,256 shares held directly, and 69,380 unvested restricted stock units.
Tami D. Whitman, Attorney-in-Fact for Robert D. Brown
2024-02-28