Southern Copper (SCCO) director receives 600-share stock award under board plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Southern Copper Corporation director Carlos Ruiz Sacristan reported stock awards under the company’s Directors’ Stock Award Plan. On January 29, 2026, he was awarded 200 shares of common stock for perfect attendance and 400 shares for service as a director, both at a stated price of $0.00 per share and treated as exempt under Rule 16b-3(d). Following these grants, he beneficially owned 28,247 common shares, which includes 500 shares received as dividend payments in 2025.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
SACRISTAN CARLOS RUIZ
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 200 | $0.00 | -- |
| Grant/Award | Common Stock | 400 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 27,847 shares (Direct)
Footnotes (1)
- Received pursuant to Issuer's Directors' Stock Award Plan for perfect attendance as a director - exempt transaction under Rule 16b-3 (d). N/A. The total number of shares beneficially owned following the reported transaction includes 500 shares paid as dividend payments in 2025. Received pursuant to Issuer's Directors' Stock Award Plan for service as a director - exempt transaction under Rule 16b-3 (d). N/A.
FAQ
What insider transaction did SCCO director Carlos Ruiz Sacristan report?
Carlos Ruiz Sacristan reported receiving stock awards of Southern Copper common shares. He acquired 200 shares for perfect attendance and 400 shares for director service, all granted on January 29, 2026 under the company’s Directors’ Stock Award Plan rather than purchased on the open market.
Why are the SCCO director stock awards described as exempt transactions?
The stock awards are described as exempt because they fall under Rule 16b-3(d). This rule generally exempts certain issuer-approved equity grants to directors, such as awards under a director stock plan, from short-swing profit rules that otherwise apply to insiders’ trades in company securities.
Does this SCCO Form 4 involve any derivative securities like options or warrants?
This filing reports only non-derivative common stock transactions. The derivative securities table contains no entries, indicating no options, warrants, or other derivative instruments were acquired, disposed of, or held in connection with the January 29, 2026 activity disclosed by the Southern Copper director.