Southern Copper (NYSE: SCCO) grants director 400-share stock award
Rhea-AI Filing Summary
PALOMINO BONILLA LUIS MIGUEL reported acquisition or exercise transactions in this Form 4 filing.
Southern Copper director Luis Miguel Palomino Bonilla received a grant of 400 shares of common stock on 2026-07-24 under the company’s Directors’ Stock Award Plan for service as a director, an exempt transaction under Rule 16b-3(d). Following this award, he directly holds 2,003 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 400 shares
Net Buy
1 txn
Insider
PALOMINO BONILLA LUIS MIGUEL
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F2, F1 | 400 | -- | -- |
Holdings After Transaction:
Common Stock — 2,003 shares (Direct)
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
Shares granted: 400 shares of Common Stock
Shares held after transaction: 2,003 shares of Common Stock
Transaction code: Code A
+1 more
4 metrics
Shares granted
400 shares of Common Stock
Non-derivative grant on 2026-07-24 under Directors’ Stock Award Plan
Shares held after transaction
2,003 shares of Common Stock
Direct ownership by Luis Miguel Palomino Bonilla following the award
Transaction code
Code A
Classified as “Grant, award, or other acquisition” of non-derivative common stock
Rule reference
Rule 16b-3(d)
Footnote states the director grant is an exempt transaction under this rule
Key Terms
Directors' Stock Award Plan, exempt transaction, Rule 16b-3 (d), Grant, award, or other acquisition
4 terms
Directors' Stock Award Plan financial
"Received pursuant to Issuer's Directors' Stock Award Plan for service as a director"
exempt transaction regulatory
"for service as a director - exempt transaction under Rule 16b-3 (d)."
Rule 16b-3 (d) regulatory
"service as a director - exempt transaction under Rule 16b-3 (d)."
Grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did SCCO director Luis Miguel Palomino Bonilla report?
Luis Miguel Palomino Bonilla reported receiving 400 shares of Southern Copper common stock as a grant. The award was for service as a director under the company’s Directors’ Stock Award Plan and is classified as an exempt transaction under Rule 16b-3(d).
Was the SCCO Form 4 transaction a market purchase or a stock award?
The SCCO Form 4 transaction was a stock award, not a market purchase or sale. The director received 400 shares pursuant to Southern Copper’s Directors’ Stock Award Plan as compensation for board service, categorized as a grant or award acquisition.
Why is the SCCO director’s stock award considered an exempt transaction?
The award is considered exempt because it is classified as an exempt transaction under Rule 16b-3(d). The 400-share grant was received under the Issuer’s Directors’ Stock Award Plan, which qualifies director compensation grants for this exemption from certain short-swing profit rules.