Form 4: Southern Copper Corp Director Acquires 400 Shares Through Stock Award Plan
SEC Form 4
Director Carlos Ruiz Sacristan acquired 400 shares of Southern Copper Corporation common stock on October 23, 2024, through the Issuer's Directors' Stock Award Plan.
Summary
- On October 23, 2024, Carlos Ruiz Sacristan, a director of Southern Copper Corporation, acquired 400 shares of common stock.
- The acquisition was made through the Issuer's Directors' Stock Award Plan.
- Following the transaction, Sacristan directly owns 25,074 shares of Southern Copper Corporation.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing a routine transaction. It doesn't contain information that would significantly impact sentiment positively or negatively.
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
This filing is a routine disclosure related to insider transactions and is common for publicly traded companies. It provides transparency regarding the holdings of company directors.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it involves a small number of shares relative to the company's total outstanding shares.
Key Dates
| Date | Description |
|---|---|
| 10/23/2024 | Date of transaction: Director Carlos Ruiz Sacristan acquired 400 shares of common stock. |
| 10/24/2024 | Date of signature on the Form 4 filing. |
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