Form 4: Southern Copper Corp Director Sells Shares
SEC Form 4 Filing
Luis Miguel Palomino Bonilla, a director of Southern Copper Corp, sold 100 shares of common stock at a price of $99.6 on August 8, 2024.
Summary
- On August 8, 2024, Luis Miguel Palomino Bonilla, a director of Southern Copper Corporation, sold 100 shares of the company's common stock.
- The sale price was $99.6 per share.
- Following the transaction, Mr. Palomino Bonilla directly owns 2,514 shares of Southern Copper Corporation.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing regarding a stock sale by a company director. It doesn't inherently convey positive or negative sentiment.
Industry Context
This is a routine disclosure of insider trading activity. It is important to monitor insider transactions as they can provide insights into management's perspective on the company's future prospects, although a small sale like this is unlikely to be significant.
Stakeholder Impact
- The sale of shares by a director could have a minor psychological impact on shareholders, but the small number of shares sold is unlikely to have a significant impact.
Key Dates
| Date | Description |
|---|---|
| 08/08/2024 | Date of transaction: Director sold 100 shares of common stock. |
| 08/09/2024 | Date of signature by Attorney-in-Fact. |
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