Form 4: Southern Copper Corp Director Sells Shares
SEC Form 4
Director Luis Miguel Palomino Bonilla sold 3,600 shares of Southern Copper Corp (SCCO) at $118.30 per share on April 30, 2024.
Summary
- On April 30, 2024, Luis Miguel Palomino Bonilla, a director of Southern Copper Corporation, sold 3,600 shares of common stock.
- The sale price was $118.30 per share.
- Following the transaction, Palomino Bonilla directly owns 2,214 shares of Southern Copper Corporation.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of a stock sale by a company director. 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 insiders (directors, officers, or those holding more than 10% of a company's shares) buy or sell their company's stock. These filings provide transparency to the market regarding insider transactions.
Stakeholder Impact
- The sale of shares by a director could be perceived negatively by some shareholders, although it is a relatively small transaction.
Key Dates
| Date | Description |
|---|---|
| 04/30/2024 | Date of transaction: Director sold shares of common stock |
| 05/01/2024 | Date of signature by Attorney-in-Fact |
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