STOCK TITAN

Southern Copper director plans $87K stock sale

Director Luis Miguel Palomino Bonilla plans to sell 400 Southern Copper shares, worth about $87,000, on or after Sept. 1, 2026.

(Neutral)
(Neutral)
Form Type
144

Rhea-AI Filing Summary

SOUTHERN COPPER CORPORATION (SCCO) received a Form 144 notice relating to planned sales of its common stock by director Luis Miguel Palomino Bonilla. The notice covers 400 shares of Southern Copper common stock, with an aggregate market value of 87000, to be sold through Inteligo SAB on the NYSE on or after 09/01/2026.

The shares were originally received on 04/30/2024 under Southern Copper’s Directors Stock Award Plan as compensation for board service, described as an exempt transaction under Rule 16b-3(d). The filing also lists several prior sales of Southern Copper common stock during the preceding three months by Inteligo SAB on behalf of the same account, including transactions on 06/02/2026, 06/05/2026, 07/24/2026, 08/04/2026, and 08/05/2026.

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Shares to be sold 400 shares of common stock Planned sale under Rule 144 through Inteligo SAB on or after 09/01/2026
Aggregate market value of planned sale 87000 Associated with the 400 shares covered by the Form 144 notice
Date shares were acquired 04/30/2024 Shares received under Southern Copper Corporation’s Directors Stock Award Plan
Prior sale on 06/02/2026 100 shares for 20000 One of several sales of Southern Copper common stock in the past three months
Prior sale on 07/24/2026 100 shares for 17900 Listed in the three-month sale history section
Prior sale on 08/05/2026 100 shares for 19830 Another example of recent sales via Inteligo SAB
Rule 144 regulatory
"See the definition of "person" in paragraph (a) of Rule 144."
Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.
Directors Stock Award Plan financial
"Received pursuant to Issuer's Directors Stock Award Plan for services as a director"
Rule 16b-3(d) regulatory
"exempt transaction under Rule 16b-3(d)."
Rule 16b-3(d) is a narrow SEC safe-harbor that shields company insiders (officers, directors and large shareholders) from liability for short‑swing profits when their buys or sells of company stock are made under a pre-established, written plan or contract that removes the insider’s ability to time trades. For investors, this matters because it permits predictable, automated insider transactions — like scheduled sales for diversification or payroll withholding — without triggering forced disgorgement, so such planned trades are treated differently from opportunistic insider trading.
Attorney-in-Fact regulatory
"Signature | /s/ Andres Carlos Ferrero, Attorney-in-Fact"
An attorney-in-fact is the person or entity given legal authority through a power of attorney to act on behalf of another for specific tasks, such as signing documents, voting shares, or handling transactions. For investors, this matters because it lets a trusted representative make timely decisions or complete paperwork when the owner cannot, much like handing keys to someone to run errands on your behalf—so checks on scope and limits of that authority are important.

FAQ

What does the Form 144 filing for SCCO disclose about planned stock sales?

The Form 144 states that a director’s account plans to sell 400 shares of Southern Copper Corporation common stock, with an aggregate market value of 87000, through Inteligo SAB on the NYSE on or after 09/01/2026 under Rule 144.

Who is the SCCO insider involved in this Form 144 filing?

The notice relates to sales for the account of Luis Miguel Palomino Bonilla, identified as a director of Southern Copper Corporation. The filing is signed by /s/ Andres Carlos Ferrero, Attorney-in-Fact on 09/01/2026.

How were the SCCO shares in this Form 144 originally acquired?

The 400 shares covered by the Form 144 were received on 04/30/2024 pursuant to Southern Copper’s Directors Stock Award Plan for services as a director, described as an exempt transaction under Rule 16b-3(d).

What recent SCCO stock sales are listed in the Form 144?

The filing lists several prior sales of Southern Copper common stock during the past three months by Inteligo SAB, including a sale of 100 shares for 20000 on 06/02/2026 and other sales on 06/05/2026, 07/24/2026, 08/04/2026, and 08/05/2026.

What trading venue is indicated for the SCCO shares in this Form 144?

The Form 144 identifies the market for the planned sale of Southern Copper Corporation common stock as the NYSE, with the securities information section showing trading on that exchange as of 09/01/2026.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Learn about SEC filing dates

144: Filer Information

144: Issuer Information

144: Securities Information



Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold


* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.



Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

144: Remarks and Signature