Southern Copper (NYSE: SCCO) director logs small open-market sale
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Southern Copper director Luis Miguel Palomino Bonilla reported an open-market sale of 4 shares of Common Stock at $181.00 per share. After this small transaction, he directly holds 1,703 shares, indicating only a minor reduction in his stake.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 4 shares ($724)
Net Sell
1 txn
Insider
PALOMINO BONILLA LUIS MIGUEL
Role
null
Sold
4 shs ($724.00)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 4 | $181.00 | $724.00 |
Holdings After Transaction:
Common Stock — 1,703 shares (Direct, null)
Footnotes (1)
Key Figures
Shares sold: 4 shares
Sale price: $181.00/share
Shares held after transaction: 1,703 shares
+1 more
4 metrics
Shares sold
4 shares
Open-market sale of Common Stock
Sale price
$181.00/share
Price per share for the 4-share sale
Shares held after transaction
1,703 shares
Director’s direct holdings following the sale
Net buy/sell shares
-4 shares
Net activity in this Form 4
Key Terms
Common Stock, open-market sale, transaction code S, non-derivative
4 terms
Common Stock financial
"security_title: "Common Stock""
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
open-market sale financial
"transaction_action: "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
transaction code S financial
"transaction_code_description: "Sale in open market or private transaction""
non-derivative financial
"transaction_type: "non-derivative""
FAQ
What did Southern Copper (SCCO) director Luis Miguel Palomino Bonilla report on this Form 4?
He reported an open-market sale of 4 shares of Southern Copper Common Stock. The transaction used code S, which indicates a sale in an open market or private transaction, at a reported price of $181.00 per share.
Was the Southern Copper (SCCO) transaction a buy or a sell?
The transaction was a sell. The Form 4 lists transaction code S and describes it as an open-market sale, with the transaction_direction field explicitly identifying it as a sell of Common Stock.
Does this Southern Copper (SCCO) Form 4 involve any derivative securities?
No, the Form 4 only reports a non-derivative transaction in Common Stock. The derivativeSummary section is empty, indicating there were no option, warrant, or other derivative security transactions reported in this filing.