0001841980-24-000001.txt : 20240228
0001841980-24-000001.hdr.sgml : 20240228
20240228171659
ACCESSION NUMBER: 0001841980-24-000001
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: Lawlar Russell Douglas
CENTRAL INDEX KEY: 0001841980
ORGANIZATION NAME:
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-08491
FILM NUMBER: 24696940
BUSINESS ADDRESS:
BUSINESS PHONE: 2087694130
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
0001841980
Lawlar Russell Douglas
6500 N. MINERAL DR.
SUITE 200
COEUR D'ALENE
ID
83815
0
1
0
0
Sr. VP & CFO
0
Common Stock
2024-02-26
4
M
0
24428
0
A
138572
D
Common Stock
2024-02-26
4
F
0
8660
3.54
D
129912
D
Common Stock
2024-02-26
4
J
0
12313
0
A
12313
I
Held in 401(k) Plan
Performance rights
0
2024-02-26
4
M
0
13959
0
A
2023-12-31
2023-12-31
Common Stock
13959
58975
D
On June 21, 2021, Mr. Lawlar was awarded performance rights. The performance rights represented a contingent right to receive between $55,000 and $220,000 worth of Hecla Mining Company common stock based on Hecla's total shareholder return performance over the 3-year period from 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., $220,000 worth of common stock); (2) 60th percentile rank among peers = target award at grant value (i.e., $110,000 worth of common stock); or (3) 50th percentile rank among peers = threshold payout at 50% of target (i.e., $55,000 worth of common stock).
In reporting the number of performance rights at the time of the award, Mr. Lawlar assumed a target payout (i.e., $110,000 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 13,959 performance rights. Based on Hecla Mining Company's total shareholder return ranking, Mr. Lawlar's award value was 175% and he therefore received 24,428 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 57,635 shares held directly, and 80,937 unvested restricted stock units.
Shares withheld for tax liability on 24,428 performance rights that vested.
Consists of 48,975 shares held directly, and 80,937 unvested restricted stock units.
Consists of 1,024.911 units in Mr. Lawlar's 401(k) account under Hecla Mining Company's Capital Accumulation Plan, and estimated to be 12,313 shares.
Tami D. Whitman, Attorney-in-Fact for Russell D. Lawlar
2024-02-28