Director at Southern Copper (SCCO) receives 600-share stock grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Southern Copper Corporation director Luis Miguel Palomino Bonilla reported receiving stock awards in the company. On 01/29/2026, he acquired 200 shares of common stock and a separate 400-share award, both at no cash cost to him. The awards were granted under the issuer's Directors' Stock Award Plan for perfect attendance and for service as a director and are exempt transactions under Rule 16b-3(d). After these awards, he beneficially owns 1,907 common shares, which includes 42 dividend shares received in 2025, all held directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
PALOMINO BONILLA LUIS MIGUEL
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 — 1,507 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. Received pursuant to Issuer's Directors' Stock Award Plan for service as a director- exempt transaction under Rule 16b-3 (d). N/A. The total amount of securities beneficially owned following the reported transaction is 1,907, which includes 42 dividend shares received in 2025.
FAQ
What insider transaction did SCCO director Luis Miguel Palomino Bonilla report?
Luis Miguel Palomino Bonilla reported receiving Southern Copper common stock awards totaling 600 shares. The Form 4 shows two acquisitions on 01/29/2026 under the company’s Directors' Stock Award Plan for perfect attendance and for service as a director, both exempt under Rule 16b-3(d).
Were any cash payments involved in the SCCO director’s stock awards?
No cash payments were involved; the reported acquisition price per share is 0.0000. The 200-share and 400-share grants were awarded under Southern Copper’s Directors' Stock Award Plan, compensating the director for perfect attendance and board service, and are characterized as exempt transactions.
On what date did the SCCO director receive the reported stock awards?
Both stock awards were granted on 01/29/2026. The Form 4 lists this as the transaction date for the 200-share and 400-share common stock awards, each coded as an acquisition and tied to the company’s Directors' Stock Award Plan for board-related service.
Why are the SCCO director’s stock awards described as exempt transactions?
The awards are described as exempt because they were granted under the issuer’s Directors' Stock Award Plan and are identified as exempt transactions under Rule 16b-3(d). This rule generally covers certain director and officer equity compensation arrangements approved under specified conditions.