0001867048-23-000001.txt : 20230623
0001867048-23-000001.hdr.sgml : 20230623
20230623124612
ACCESSION NUMBER: 0001867048-23-000001
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20230621
FILED AS OF DATE: 20230623
DATE AS OF CHANGE: 20230623
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Clary Michael L.
CENTRAL INDEX KEY: 0001867048
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-08491
FILM NUMBER: 231036490
BUSINESS ADDRESS:
BUSINESS PHONE: 2087694146
MAIL ADDRESS:
STREET 1: 6500 N. MINERAL DR., 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
X0407
4
2023-06-21
0
0000719413
HECLA MINING CO/DE/
HL
0001867048
Clary Michael L.
6500 N. MINERAL DR., SUITE 200
COEUR D'ALENE
ID
83815
0
1
0
0
Sr. VP & CAO
0
Common Stock
2023-06-21
4
F
0
33286
0
D
209996
D
Common Stock
2023-06-21
4
A
0
40990
5.05
A
209996
D
Common Stock
2023-06-21
4
J
0
5234
0
A
5234
I
Held in 401(k) Plan Account
Performance rights
0
2023-06-21
4
A
0
27327
0
A
2026-01-01
2026-01-01
Common Stock
27327
209996
D
Mr. Clary was awarded (i) 66,007 restricted stock units on June 22, 2020, (ii) 21,574 restricted stock units on June 21, 2021, and (iii) 40,632 restricted stock units on June 21, 2022. The restrictions lapsed on 1/3 of those vesting units (42,737 shares). Mr. Clary elected to have Hecla Mining Company withhold 33,286 shares to cover his tax liability.
Consists of 66,353 shares held directly, 68,374 performance-based units, and 75,269 unvested restricted stock units. NOTE - Mr. Clary had previously reported in a Form 4 that he had 7,566 shares that were held in a trust for the benefit of his minor children. Mr. Clary resigned the position as trustee of the trust, and the new trustee of the trust is not an immediate family member. Mr. Clary disclaims beneficial ownership of these securities, and the filing of this report is not an admission that he is the beneficial owner of these securities for purposes of Section 16 or for any other purpose. Therefore the 7,566 shares are not included in this total.
Award of restricted stock units that vest as follows: 13,664 shares on June 21, 2024, 13,663 shares on June 21, 2025, and 13,663 shares on June 21, 2026.
Held as 436.207 units in Mr. Clary's 401(k) account under the Hecla Mining Company Capital Accumulation Plan, and estimated to be 5,234 shares.
Mr. Clary was awarded performance rights representing the contingent right to receive between $69,000 and $276,000 worth of Hecla Mining Company common stock based on Hecla Mining Company's Total Shareholder Return performance over the 3-year period (January 1, 2023 to December 31, 2025) relative to our peers. Examples of the potential grant of shares to Mr. Clary under this plan are as follows: 100th percentile rank among peers = maximum award at 200% of target ($276,000 in stock); 40th to 60th percentile rank among peers = target award at grant value ($138,000 in stock); and 25th percentile rank among peers = threshold award at 50% of target ($69,000 in stock).
See footnote 2.
Tami D. Whitman, Attorney-in-Fact for Michael L. Clary
2023-06-23