Form 4: Southern Copper Corp Director Acquires 400 Shares Through Stock Award Plan
SEC Form 4
Director Leonardo Contreras Lerdo de Tejada acquired 400 shares of Southern Copper Corp (SCCO) common stock on July 26, 2024, through the Issuer's Directors' Stock Award Plan.
Summary
- On July 26, 2024, Leonardo Contreras Lerdo de Tejada, a director of Southern Copper Corp (SCCO), 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, Contreras Lerdo de Tejada directly owns 6,800 shares of SCCO common stock.
Sentiment
Score: 6
Explanation: The sentiment is neutral. It reflects a routine transaction related to director compensation, indicating continued alignment between the director and the company's interests.
Positives
- The acquisition of shares by a director signals confidence in the company's future.
Industry Context
Insider transactions are closely monitored as they can provide insights into management's perspective on the company's valuation and future prospects. This transaction reflects a director's continued investment in the company.
Stakeholder Impact
- The transaction may have a slightly positive impact on shareholder sentiment, as it demonstrates a director's continued investment in the company.
Key Dates
| Date | Description |
|---|---|
| 07/26/2024 | Date of transaction: Leonardo Contreras Lerdo de Tejada acquired 400 shares of SCCO common stock. |
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