Form 4: Southern Copper Corp Director Reports Sale of Common Stock

Luis Miguel Palomino Bonilla, a director of Southern Copper Corp, reported the sale of 100 shares of common stock at $100 per share on September 17, 2024.

Summary

• On September 17, 2024, Luis Miguel Palomino Bonilla, a director of Southern Copper Corporation, sold 100 shares of the company's common stock.
• The sale price was $100 per share.
• Following the transaction, Palomino Bonilla directly owns 2,314 shares of Southern Copper Corp.
• The transaction was reported on a Form 4 filing with the SEC on September 18, 2024.

Sentiment

Score: 5

Explanation: The document is a routine disclosure of a stock sale by a company director. It doesn't inherently convey positive or negative sentiment.

Industry Context

Form 4 filings are standard disclosures required by the SEC when corporate insiders, such as directors and officers, trade their company's stock. These filings provide transparency into insider transactions and are closely watched by investors.

Stakeholder Impact

• The sale of shares by a director could be perceived neutrally or slightly negatively by shareholders, depending on the context and reasons for the sale.

Key Dates