Form 4: Southern Copper Corp Director Acquires 400 Shares

A Southern Copper Corp director, Leonardo Contreras Lerdo de Tejada, acquired 400 shares of common stock on January 29, 2025.

Summary

• Leonardo Contreras Lerdo de Tejada, a director at Southern Copper Corp, acquired 400 shares of common stock on January 29, 2025.
• The shares were received as part of the Issuer's Directors' Stock Award Plan for service as a director.
• Following the transaction, the director's total beneficial ownership is 7,749 shares, which includes shares received as dividend payments in 2024.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, which is generally viewed positively as it aligns director interests with shareholders. There is no indication of any negative sentiment.

Positives

• The acquisition of shares by a director can be seen as a positive sign of confidence in the company's future.

Industry Context

This is a routine filing related to director compensation and is common in publicly traded companies.

Comparison to Industry Standards

• Director stock awards are a common practice in publicly traded companies, including those in the mining and metals industry.
• Companies like Freeport-McMoRan and BHP also use stock awards as part of their director compensation packages.
• The number of shares awarded is typical for director compensation, but the specific amount varies based on company size and performance.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns director interests with the company's performance.

Key Dates

Keywords

Southern Copper Corp, Director, Stock Acquisition, Beneficial Ownership, SCCO, Directors' Stock Award Plan