Southern Copper director granted 400 SCCO shares
Valenzuela Rionda Jose Pedro reported acquisition or exercise transactions in this Form 4 filing.
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Rhea-AI Filing Summary
Valenzuela Rionda Jose Pedro reported acquisition or exercise transactions in this Form 4 filing.
Southern Copper Corp. director Jose Pedro Valenzuela Rionda received a stock award of 400 shares of Common Stock. The shares were granted at a price of $0.00 per share as compensation for service as a director under the issuer's Directors' Stock Award Plan, in a transaction exempt under Rule 16b-3(d). Following this award, he directly holds 5,148 shares of Southern Copper common stock.
Insights
Routine director stock award modestly increases equity stake.
The filing shows director Jose Pedro Valenzuela Rionda received 400 shares of Southern Copper common stock at $0.00 per share as a compensation grant under the Directors' Stock Award Plan. This is classified as a grant or award acquisition, not an open-market purchase.
The award is exempt under Rule 16b-3(d), indicating it is a standard board-approved compensation arrangement. After the grant, the director holds 5,148 shares directly, suggesting the transaction is relatively small and routine, without a strong market signal beyond aligning director incentives with shareholders.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 400 | $0.00 | $0.00 |
Footnotes (2)
- F1. Received pursuant to Issuer's Directors' Stock Award Plan for service as a director - exempt transaction under Rule 16b-3 (d).
- F2. N/A.
Key Figures
Key Terms
Directors' Stock Award Plan financial
Rule 16b-3 (d) regulatory
Grant, award, or other acquisition regulatory
FAQ
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What insider transaction did SCCO director Jose Pedro Valenzuela report?
What does Rule 16b-3(d) exemption mean for this SCCO Form 4 transaction?
AI-generated analysis. How Rhea-AI works. Not financial advice.