Form 4: Southern Copper Director Sells 100 Shares
Insider Transaction Report
Southern Copper Corporation Director Luis Miguel Palomino Bonilla sold 100 shares of common stock for $137.50 per share.
Summary
- Luis Miguel Palomino Bonilla, a Director of Southern Copper Corporation (SCCO), reported a transaction.
- The transaction involved the disposition of 100 shares of SCCO common stock.
- The shares were sold at a price of $137.50 per share.
- Following this transaction, Mr. Palomino Bonilla beneficially owns 1,813 shares of common stock directly.
- The transaction was made pursuant to a Rule 10b5-1 pre-arranged trading plan.
Sentiment
Score: 5
Explanation: The filing reports a small, pre-planned insider stock sale, which is a routine event and does not indicate a significant positive or negative sentiment for the company's outlook.
Future Outlook
This filing does not contain any forward-looking statements or guidance regarding the company's future performance.
Industry Context
This filing reports a routine insider transaction and does not provide information relevant to broader industry trends or competitive analysis.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Policy Adherence | The reported transaction was executed pursuant to a Rule 10b5-1(c) contract, instruction, or written plan, which provides an affirmative defense against insider trading allegations. | 11/06/2025 | Indicates adherence to corporate governance best practices for insider trading, reducing potential legal and reputational risks associated with insider transactions. |
Stakeholder Impact
- Shareholders: The sale of 100 shares by a director is a negligible amount relative to the company's total outstanding shares and is unlikely to have any material impact on shareholder value or perception.
Key Dates
| Date | Description |
|---|---|
| 11/06/2025 | Date of transaction (sale of common stock) |
| 11/07/2025 | Date the Form 4 was signed by the Attorney-in-Fact |
Keywords
Southern Copper, SCCO, Insider Transaction, Form 4, Stock Sale, Director, Rule 10b5-1
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