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Southern Copper (SCCO) chairman granted 600-share director stock awards

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Filing Sentiment
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Form Type
4

Rhea-AI Filing Summary

VELASCO GERMAN LARREA MOTA reported acquisition or exercise transactions in this Form 4 filing.

Southern Copper Corporation chairman German Larrea Mota Velasco received stock awards totaling 600 shares of Common Stock as director compensation. The awards, granted at $0.00 per share under the issuer's Directors' Stock Award Plan for attendance and service, are exempt under Rule 16b-3(d). Following these grants, he beneficially owns 404,126 shares, including 14,097 shares received as dividend payments in 2025.

Positive

  • None.

Negative

  • None.
Insider VELASCO GERMAN LARREA MOTA
Role CHAIRMAN OF THE BOARD
Type Security Shares Price Value
Grant/Award Common Stock 200 $0.00 --
Grant/Award Common Stock 400 $0.00 --
Holdings After Transaction: Common Stock — 403,726 shares (Direct, null)
Footnotes (1)
  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 securities beneficially owned following the reported transaction includes 14,097 shares received 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.
Stock award 1 400 shares Common Stock grant on 2026-01-29 for perfect attendance
Stock award 2 200 shares Common Stock grant on 2026-01-29 for service as director
Grant price $0.00 per share Director stock awards under Directors' Stock Award Plan
Shares beneficially owned 404,126 shares Total Common Stock after reported transactions
Dividend-paid shares 14,097 shares Shares received as dividend payments in 2025 included in total
Directors' Stock Award Plan financial
"Received pursuant to Issuer's Directors' Stock Award Plan for perfect attendance as a director"
Rule 16b-3 (d) regulatory
"exempt transaction under Rule 16b-3 (d)"
beneficially owned financial
"The total number of securities beneficially owned following the reported transaction includes 14,097 shares"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
VELASCO GERMAN LARREA MOTA
(Last)(First)(Middle)
C/O SOUTHERN COPPER CORPORATION
7310 NORTH 16TH ST. SUITE 135
(Street)
PHOENIX ARIZONA 85020
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
SOUTHERN COPPER CORP/ [ SCCO ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
XOfficer (give title below)Other (specify below)
CHAIRMAN OF THE BOARD
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
01/29/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common Stock01/29/2026A200A(1)(2)403,726(3)D
Common Stock01/29/2026A400A(4)(5)404,126D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. Received pursuant to Issuer's Directors' Stock Award Plan for perfect attendance as a director - exempt transaction under Rule 16b-3 (d).
2. N/A.
3. The total number of securities beneficially owned following the reported transaction includes 14,097 shares received as dividend payments in 2025.
4. Received pursuant to Issuer's Directors' Stock Award Plan for service as a director - exempt transaction under Rule 16b-3 (d).
5. N/A.
/s/ Andres C. Ferrero, Attorney-in-Fact04/22/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did SCCO chairman German Larrea report on this Form 4?

German Larrea reported receiving stock awards totaling 600 shares of Southern Copper Common Stock. These were compensation grants under the company’s Directors’ Stock Award Plan, rather than open-market purchases, and were recorded as exempt transactions under Rule 16b-3(d).

At what price were the SCCO shares granted to the chairman on this Form 4?

The reported 600 Southern Copper Common Stock shares were granted at $0.00 per share. This indicates they were compensation awards, not market transactions, issued under the issuer’s Directors’ Stock Award Plan for attendance and service as a director.

How many SCCO shares does German Larrea beneficially own after these awards?

After the reported stock awards, German Larrea beneficially owns 404,126 Southern Copper Common Stock shares. This total explicitly includes 14,097 shares that he received as dividend payments during 2025, as described in the filing footnotes.

What plans or programs were used for the SCCO stock awards to the chairman?

The stock awards were granted under Southern Copper’s Directors’ Stock Award Plan. One grant rewarded perfect attendance as a director and another recognized service as a director, both categorized as exempt transactions under Rule 16b-3(d) in the filing footnotes.

Were the SCCO insider transactions open-market trades or compensation grants?

The reported transactions were compensation grants, not open-market trades. Both awards of Southern Copper Common Stock were received under the Directors’ Stock Award Plan and are described as exempt director compensation transactions under Rule 16b-3(d), with no purchase price paid.