Form 4: German Larrea Mota Velasco Increases Stake in SCCO

Chairman German Larrea Mota Velasco acquired 400 shares of Southern Copper Corporation common stock via a director award plan.

Summary

• German Larrea Mota Velasco, Chairman of the Board at Southern Copper Corporation, acquired 400 shares of common stock.
• The transaction occurred on May 4, 2026.
• The acquisition was made pursuant to the Issuer's Directors' Stock Award Plan for service as a director.
• Following this transaction, the reporting person's total beneficial ownership is 404,526 shares.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral, routine administrative filing regarding director compensation that does not impact the company's fundamental outlook.

Positives

• The Chairman continues to increase his equity stake in the company, signaling alignment with shareholder interests.

Negatives

• None.

Risks

• None.

Future Outlook

Not applicable as this is a routine disclosure of director compensation.

Industry Context

StockSavvy.ai notes that director stock awards are standard corporate governance practices in the mining sector to ensure long-term alignment between board members and shareholders.

Comparison to Industry Standards

• The use of a Directors' Stock Award Plan is consistent with standard compensation practices for large-cap mining companies like Freeport-McMoRan or Rio Tinto.

Stakeholder Impact

• Minimal impact on shareholders as this is a standard director compensation event.

Next Steps

• None.

Key Dates

Keywords

Southern Copper, SCCO, Insider Trading, Form 4, German Larrea Mota Velasco, Director Compensation