Form 4: Southern Copper Corp Director Sells Shares
SEC Form 4 Filing
Director Luis Miguel Palomino Bonilla sold 100 shares of Southern Copper Corp (SCCO) on April 3, 2024, at a price of $110.2 per share.
Summary
- On April 3, 2024, Luis Miguel Palomino Bonilla, a director of Southern Copper Corporation, sold 100 shares of the company's common stock.
- The sale price was $110.2 per share.
- Following the transaction, Palomino Bonilla directly owns 4,914 shares of Southern Copper Corporation.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of a routine transaction. The sale of 100 shares by a director is unlikely to have a significant impact on the company's stock price.
Industry Context
Form 4 filings are a routine part of regulatory compliance for corporate insiders and provide transparency into their transactions in the company's stock. It is difficult to assess the impact of a single transaction without broader context.
Stakeholder Impact
- The sale of shares by a director could be perceived negatively by some shareholders, but the small number of shares sold is unlikely to have a significant impact.
Key Dates
| Date | Description |
|---|---|
| 04/03/2024 | Date of transaction: Director sold shares of common stock |
| 04/04/2024 | Date of signature for the Form 4 filing |
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