Director at Southern Copper (NYSE: SCCO) granted 600 new shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Southern Copper Corporation director Leonardo Contreras Lerdo de Tejada received 600 shares of common stock as equity compensation. On January 29, 2026, he was granted 200 shares for perfect attendance as a director and 400 shares for board service, both at a price of $0.00 per share under the company’s Directors’ Stock Award Plan, in transactions noted as exempt under Rule 16b-3(d).
After these awards, he beneficially owned 9,848 shares of Southern Copper common stock directly, which includes 244 shares received as dividend payments in 2025.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Contreras Lerdo de Tejada Leonardo
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 — 9,448 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 244 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 Leonardo Contreras report?
He reported receiving 600 Southern Copper (SCCO) shares as stock awards. On January 29, 2026, he was granted 200 shares for perfect attendance and 400 shares for director service, both at zero cost under the company’s Directors’ Stock Award Plan.
What is the significance of Rule 16b-3(d) in this SCCO Form 4?
The filing notes both stock awards are exempt under Rule 16b-3(d). This SEC rule generally provides an exemption from short-swing profit rules for certain board-approved, issuer-granted equity awards to directors and officers, clarifying these are compensation, not open-market trades.