Form 4: Southern Copper Corp Director Acquires 400 Shares Through Stock Award Plan

Director Gilberto Perezalonso Cifuentes acquired 400 shares of Southern Copper Corp common stock on April 30, 2024, through the Issuer's Directors' Stock Award Plan.

Summary

• On April 30, 2024, Gilberto Perezalonso Cifuentes, a director of Southern Copper Corp, acquired 400 shares of common stock.
• The acquisition was made through the Issuer's Directors' Stock Award Plan for service as a director.
• Following the transaction, Cifuentes directly owns 29,341 shares of Southern Copper Corp.
• The transaction is exempt under Rule 16b-3(d).

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine disclosure of a director's stock acquisition through a standard compensation plan. It doesn't inherently indicate positive or negative sentiment, but rather transparency.

Positives

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

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track ownership changes and potential alignment of interests.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it signals director confidence.

Key Dates