4/A: Southern Copper Corp Director Velasco Acquires 400 Shares
SEC Form 4/A
German Larrea Mota Velasco, Chairman of the Board at Southern Copper Corp, acquired 400 shares of common stock on January 29, 2025, according to a Form 4/A filing.
Summary
- German Larrea Mota Velasco, Chairman of the Board at Southern Copper Corporation, acquired 400 shares of common stock on January 29, 2025.
- The acquisition was made under the Issuer's Directors' Stock Award Plan for service as a director and is exempt under Rule 16b-3(d).
- Following the transaction, Velasco directly owns 387,777 shares of Southern Copper Corp.
- This total includes 8,011 dividend shares received in 2024.
Sentiment
Score: 6
Explanation: The sentiment is neutral. It reflects a routine transaction related to director compensation.
Positives
- The acquisition of shares by a director may signal confidence in the company's future performance.
Industry Context
Insider transactions are closely monitored as they can provide insights into management's perspective on the company's valuation and future prospects.
Stakeholder Impact
- The transaction could have a slightly positive impact on shareholders as it signals confidence from a company director.
Key Dates
| Date | Description |
|---|---|
| 01/29/2025 | Date of transaction: Acquisition of 400 shares of common stock. |
| 01/31/2025 | Date of original filing (amended by this filing). |
| 04/21/2025 | Date of signature on the Form 4/A filing. |
Keywords
Southern Copper Corp, Director, Share Acquisition, Form 4, Velasco, SCCO, Stock Award Plan
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.