Southern Copper director corrects 400-share error
Southern Copper director Luis Miguel Palomino Bonilla’s amended Form 4 says the 400-share sale never happened and confirms 1,703 shares remain.
Rhea-AI Filing Summary
SOUTHERN COPPER CORP (SCCO) director Luis Miguel Palomino Bonilla filed an amended Form 4 to correct an earlier report. A prior Form 4 filed on 9/1/26 erroneously reported a sale of 400 shares of Common Stock; the amendment states that no such sale occurred. The filing instead confirms that the reporting person beneficially owns 1,703 shares of Common Stock directly, consistent with the position prior to the erroneous filing.
Positive
- None.
Negative
- None.
Insider Trade Summary
Sale: 0 shares
Sale
1 txn
Insider
PALOMINO BONILLA LUIS MIGUEL
Role
Director
Sold
0 shs ($0.00)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1 | 0 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 1,703 shares (Direct)
Footnotes (1)
- F1. This Form 4/A is being filed to amend the Form 4 filed earlier today on 9/1/26, which erroneously reported a sale of 400 shares of Common Stock. No such sale has occurred. The reporting person intended to file a Form 144 to report a proposed sale of securities rather than a completed transaction. This amendment deletes transaction reported in error and accurately reflects the reporting person's amount of securities beneficially owned prior to such filing.
Key Figures
Erroneously reported sale: 400 shares of Common Stock
Shares beneficially owned: 1,703 shares of Common Stock
Reported transaction shares in this amendment: 0 shares
3 metrics
Erroneously reported sale
400 shares of Common Stock
Sale of 400 shares reported on Form 4 filed earlier on 9/1/26, now deleted
Shares beneficially owned
1,703 shares of Common Stock
Beneficial ownership position confirmed after deleting erroneous transaction
Reported transaction shares in this amendment
0 shares
Amended Form 4 shows no actual sale occurring on 2026-08-31
Key Terms
Form 4/A, Form 144, beneficially owned
3 terms
Form 4/A regulatory
"This Form 4/A is being filed to amend the Form 4 filed earlier"
Form 4/A is an amended filing that corrects or updates an earlier Form 4, the mandatory report that insiders (like company executives, directors, or large shareholders) must file when their ownership stakes change. Think of it as an edited receipt showing who bought or sold stock and when; investors use it to track insider confidence, detect potential conflicts, and spot trading patterns that might signal future company prospects.
Form 144 regulatory
"The reporting person intended to file a Form 144 to report a proposed sale"
Form 144 is a document that investors must file with the government when they plan to sell a large number of shares of a company's stock. It helps ensure transparency so everyone knows how many shares are being sold and when, which can impact the stock's price.
beneficially owned financial
"accurately reflects the reporting person's amount of securities beneficially owned"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
FAQ
What does SCCO's amended Form 4 report for Luis Miguel Palomino Bonilla?
It reports that a previously disclosed sale of 400 shares of Southern Copper Corp Common Stock was erroneous and that no sale occurred. The amendment deletes the incorrect transaction and confirms the director’s beneficial ownership position.
Why did the SCCO insider intend to file a Form 144 instead of Form 4?
The footnote states the reporting person intended to file a Form 144 to report a proposed sale of securities, not a completed transaction. The incorrect Form 4 reported an actual sale, which this Form 4/A now deletes.
Was the SCCO Form 4/A filed under a Rule 10b5-1 trading plan?
No. The filing’s Rule 10b5-1 checkbox is unchecked, and the footnote does not describe any transaction under a 10b5-1 plan. The main purpose is to correct an earlier erroneous sale report.
AI-generated analysis. How Rhea-AI works. Not financial advice.