Form 4: Southern Copper Director Acquires 400 Shares Through Stock Award Plan

Southern Copper Corporation director Carlos Ruiz Sacristan acquired 400 shares of common stock through the company's Directors' Stock Award Plan.

Summary

• Carlos Ruiz Sacristan, a director at Southern Copper Corporation, acquired 400 shares of common stock on January 29, 2025.
• The shares were received through the company's Directors' Stock Award Plan as compensation for his service as a director.
• This transaction increased his total beneficial ownership to 25,997 shares, which includes shares received as dividend payments in 2024.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction, indicating a positive alignment of director interests with the company's performance. It is not a major event but is a positive sign.

Positives

• The acquisition of shares by a director demonstrates confidence in the company's future.
• The use of a stock award plan aligns director interests with shareholder value.

Industry Context

This type of transaction is common for directors of publicly traded companies as part of their compensation and to align their interests with shareholders.

Comparison to Industry Standards

• Stock awards are a standard form of compensation for directors in publicly listed companies, aligning their interests with shareholders.
• Many companies in the mining sector use similar stock award plans to incentivize their board members.
• The number of shares awarded is relatively small compared to the total outstanding shares, which is typical for director compensation.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders by aligning director interests with company performance.

Key Dates

Keywords

Southern Copper, Director, Stock Award, Share Acquisition, Beneficial Ownership, SCCO