Form 4: Southern Copper Corp Director Velasco Acquires 400 Shares

German Larrea Mota Velasco, Chairman of the Board at Southern Copper Corp, acquired 400 shares of common stock on April 30, 2024, through the Director's Stock Award Plan.

Summary

• On April 30, 2024, German Larrea Mota Velasco, the Chairman of the Board of Southern Copper Corp, acquired 400 shares of common stock.
• The acquisition was made through the Issuer's Directors' Stock Award Plan for service as a director.
• Following the transaction, Velasco directly owns 378,566 shares of Southern Copper Corp.
• The transaction is exempt under Rule 16b-3(d).

Sentiment

Score: 6

Explanation: The sentiment is neutral as it simply reports a transaction. The acquisition of shares by a director is generally viewed as a positive, but the impact is minimal.

Positives

• The acquisition of shares by a director can be seen as a positive sign, indicating confidence in the company's future.

Industry Context

This filing is a routine disclosure related to insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company executives and directors.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it signals confidence from a company director.

Key Dates