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Southern Copper (NYSE: SCCO) awards 400-share stock grant to its chairman

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Southern Copper Corp. director and chairman German Larrea Mota Velasco received a grant of 400 shares of Common Stock on 2026-07-24. The award was issued under the Issuer's Directors' Stock Award Plan for service as a director and is an exempt transaction under Rule 16b-3(d). Following this compensation-related award, his direct holdings increased to 404,926 shares of Southern Copper common stock. The transaction is reported as a grant or award acquisition, not as an open-market purchase or sale, and it is not marked as executed under a Rule 10b5-1 trading plan.

Positive

  • None.

Negative

  • None.
Insider VELASCO GERMAN LARREA MOTA
Role CHAIRMAN OF THE BOARD
Type Security Shares Price Value
Grant/Award Common Stock F2, F1 400 -- --
Holdings After Transaction: Common Stock — 404,926 shares (Direct)
Footnotes (2)
  1. F1. Received pursuant to Issuer's Directors' Stock Award Plan for service as a director - exempt transaction under Rule 16b-3 (d).
  2. F2. N/A.
Stock award 400 shares of Common Stock Grant, award, or other acquisition on 2026-07-24
Direct holdings after award 404,926 shares Total common shares held directly by the reporting person following the transaction
Reported acquisition transactions 1 Number of acquisition-type insider transactions disclosed in this Form 4
Directors' Stock Award Plan financial
"Received pursuant to Issuer's Directors' Stock Award Plan for service as a director"
Rule 16b-3 (d) regulatory
"exempt transaction under Rule 16b-3 (d)."
Grant, award, or other acquisition financial
"transaction code description "Grant, award, or other acquisition" for this entry"

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FAQ

What insider transaction did Southern Copper (SCCO) report for German Larrea Mota Velasco?
Southern Copper reported that chairman German Larrea Mota Velasco received a grant of 400 shares of common stock. The award was issued on 2026-07-24 as compensation for board service under the company’s Directors' Stock Award Plan and classified as an exempt Rule 16b-3(d) transaction.

How many Southern Copper (SCCO) shares were granted in the latest Form 4?
The latest Form 4 shows a grant of 400 shares of Common Stock to the chairman. This was a compensation-related stock award for service as a director, received under Southern Copper’s Directors' Stock Award Plan rather than through an open-market purchase or sale.

What are German Larrea Mota Velasco’s SCCO holdings after this stock award?
After the reported grant, German Larrea Mota Velasco directly holds 404,926 shares of Southern Copper common stock. This total reflects his position immediately following the 400-share award reported as a grant or other acquisition on 2026-07-24.

Was the Southern Copper (SCCO) stock award a market transaction?
The reported 400-share event was not a market purchase or sale; it was a stock award. Footnotes state the shares were received under the Issuer's Directors' Stock Award Plan for director service and treated as an exempt transaction under Rule 16b-3(d).

Was the SCCO insider stock award made under a Rule 10b5-1 trading plan?
The report’s Rule 10b5-1 checkbox is not marked as affirmed, indicating the grant was not identified as made under a Rule 10b5-1 plan. Instead, it is described as a director compensation award under the company’s Directors' Stock Award Plan.

What does Rule 16b-3(d) mean for the SCCO chairman’s stock grant?
The footnote describes the 400-share award as exempt under Rule 16b-3(d), a provision governing insider transactions in connection with compensation plans. This indicates the director stock award is treated as an exempt acquisition for short-swing profit liability purposes under those SEC rules.
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
VELASCO GERMAN LARREA MOTA
(Last)(First)(Middle)
C/O SOUTHERN COPPER CORPORATION
7310 NORTH 16TH ST. SUITE 135
(Street)
PHOENIX ARIZONA 85020
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
SOUTHERN COPPER CORP/ [ SCCO ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
XOfficer (give title below)Other (specify below)
CHAIRMAN OF THE BOARD
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
07/24/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common Stock07/24/2026A400A(1)(2)404,926D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. Received pursuant to Issuer's Directors' Stock Award Plan for service as a director - exempt transaction under Rule 16b-3 (d).
2. N/A.
/s/ Andres C. Ferrero, Attorney-in-Fact07/28/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR