Form 4: Southern Copper Corp Director Disposes of Shares
SEC Form 4
Director Luis Miguel Palomino Bonilla disposed of 300 shares of Southern Copper Corp stock on April 29, 2024.
Summary
- On April 29, 2024, Luis Miguel Palomino Bonilla, a director of Southern Copper Corporation, disposed of 300 shares of common stock.
- The transaction was a sale, with the shares being sold at a price of $118.5 per share.
- Following the transaction, Palomino Bonilla directly owns 4,614 shares of Southern Copper Corporation.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of a transaction. It doesn't inherently indicate positive or negative sentiment about the company's prospects.
Industry Context
Form 4 filings are standard disclosures required by the SEC when corporate insiders (officers, directors, or those holding more than 10% of a company's shares) trade in their company's stock. These filings are closely watched by investors as they can provide insights into management's perspective on the company's valuation and future prospects.
Stakeholder Impact
- The disposal of shares by a director could be perceived negatively by some shareholders, although a small transaction like this is unlikely to have a significant impact.
Key Dates
| Date | Description |
|---|---|
| 04/29/2024 | Date of transaction: Director disposed of 300 shares of common stock. |
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