Form 4: Southern Copper Corp Director Sells Shares in Recent Transaction

A Southern Copper Corp director, Luis Miguel Palomino Bonilla, sold 101 shares of common stock on November 19, 2024.

Summary

• Luis Miguel Palomino Bonilla, a director at Southern Copper Corp, sold 101 shares of common stock on November 19, 2024.
• The shares were sold at a price of $103.68 per share.
• Following the transaction, Mr. Palomino Bonilla directly owns 2,513 shares of Southern Copper Corp stock.

Sentiment

Score: 5

Explanation: The document is a neutral disclosure of a stock sale by a director, which is a routine event and does not indicate any positive or negative sentiment.

Industry Context

This is a routine disclosure of a transaction by a company insider, which is common in the corporate world. It does not indicate any specific trend in the copper industry.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, and this transaction is consistent with typical insider trading disclosures.
• Similar filings are made by directors and officers of other companies such as Freeport-McMoRan (FCX) and BHP Group (BHP) when they trade their company's stock.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a small sale by a single director.

Key Dates

Keywords

Southern Copper Corp, SCCO, insider trading, stock sale, director, Form 4, equity securities