Southern Copper Corp. (NYSE: SCCO) director sells 200 shares of stock
Rhea-AI Filing Summary
Southern Copper Corp. director Luis Miguel Palomino Bonilla reported selling a total of 200 shares of common stock on August 5, 2026. The sales occurred in two transactions of 100 shares each at $198.3000 and $200.0000 per share, described as sales in open market or private transactions. The Rule 10b5-1 checkbox was left unchecked, indicating these trades were not reported as made under a Rule 10b5-1 trading plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 200 shares
Net Sell
2 txns
Insider
PALOMINO BONILLA LUIS MIGUEL
Role
Director
Sold
200 shs ($40K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 100 | $198.30 | $20K |
| Sale | Common Stock | 100 | $200.00 | $20K |
Holdings After Transaction:
Common Stock — 1,703 shares (Direct)
Key Figures
Shares sold: 200 shares
Sale price per share: $198.3000
Sale price per share: $200.0000
3 metrics
Shares sold
200 shares
Total Southern Copper common shares sold on August 5, 2026
Sale price per share
$198.3000
Price for a 100-share sale of common stock on August 5, 2026
Sale price per share
$200.0000
Price for a separate 100-share sale of common stock on August 5, 2026
Key Terms
Rule 10b5-1 trading plans, open market or private transaction, beneficial ownership
3 terms
Rule 10b5-1 trading plans regulatory
"Footnotes may reference Rule 10b5-1 trading plans or pre-arranged trading arrangements"
Rule 10b5-1 trading plans are written, pre-arranged instructions that allow company insiders (such as executives or directors) to automatically buy or sell their company's stock at specified times or under set conditions, like a standing instruction or automated thermostat for trades. They matter to investors because these plans provide a legal defense against insider‑trading accusations and create predictable insider trading patterns that can help signal whether sales are routine portfolio management or potentially meaningful to the company’s outlook.
open market or private transaction financial
"Sale in open market or private transaction"
beneficial ownership regulatory
"Any disclaimers of beneficial ownership"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider stock sale did SCCO report for director Luis Miguel Palomino Bonilla?
Southern Copper (SCCO) reported that director Luis Miguel Palomino Bonilla sold 200 shares of common stock. The transactions took place on August 5, 2026 in two 100-share sales at $198.3000 and $200.0000 per share, respectively.
Were the SCCO insider stock sales made under a Rule 10b5-1 trading plan?
The filing’s Rule 10b5-1 checkbox was not marked, so the SCCO sales were not reported as made under a Rule 10b5-1 trading plan. They were instead disclosed as ordinary sales in open market or private transactions.
What type of transactions were reported for SCCO director Luis Miguel Palomino Bonilla?
The SCCO director’s transactions were reported as sales of common stock coded “S,” described as a “Sale in open market or private transaction.” Both trades were non-derivative, directly held shares, executed on August 5, 2026.