Southern Copper director granted 400 SCCO shares
Valenzuela Rionda Jose Pedro reported acquisition or exercise transactions in this Form 4 filing.
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.
Positive
- None.
Negative
- None.
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?
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