Form 4: Southern Copper Corp Director Acquires 400 Shares Through Stock Award Plan
SEC Form 4
Director Enrique Castillo Sanchez Mejorada acquired 400 shares of Southern Copper Corp common stock on October 23, 2024, through the Issuer's Directors' Stock Award Plan.
Summary
- On October 23, 2024, Enrique Castillo Sanchez Mejorada, 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, Castillo Sanchez Mejorada directly owns 2,800 shares of Southern Copper Corp common stock.
Sentiment
Score: 6
Explanation: The sentiment is neutral. It reflects a routine transaction related to director compensation.
Positives
- The acquisition of shares by a director can be seen as a positive sign, indicating confidence in the company's future.
Industry Context
Director share acquisitions are common and often part of compensation packages in publicly traded companies. This transaction is related to director compensation.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a standard director compensation practice.
Key Dates
| Date | Description |
|---|---|
| 10/23/2024 | Date of transaction: Director acquired 400 shares of common stock. |
| 10/24/2024 | Date of signature for the SEC Form 4 filing. |
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