Form 4: Southern Copper Corp Director Reports Sale of Common Stock
SEC Form 4 Filing
A director of Southern Copper Corporation, Luis Miguel Palomino Bonilla, reported selling 100 shares of common stock on September 26, 2024.
Summary
- On September 26, 2024, Luis Miguel Palomino Bonilla, a director of Southern Copper Corporation, sold 100 shares of common stock.
- The sale price was $119.5 per share.
- Following the transaction, the director directly owns 2,214 shares of Southern Copper Corporation common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing a stock sale by a company director. It doesn't inherently convey positive or negative sentiment about the company's performance or future prospects.
Industry Context
Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders. This particular filing indicates a sale of shares by a director, which could be for various personal financial reasons and doesn't necessarily reflect a negative outlook on the company.
Stakeholder Impact
- The sale of shares by a director could be perceived neutrally or slightly negatively by shareholders, depending on the context and the size of the transaction.
Key Dates
| Date | Description |
|---|---|
| 09/26/2024 | Date of transaction: Sale of common stock. |
| 09/27/2024 | Date of signature by Attorney-in-Fact. |
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