VELASCO GERMAN LARREA MOTA 4

What Happened
VELASCO GERMAN LARREA MOTA, Chairman of the Board and a director of Southern Copper Corp (SCCO), was granted 400 shares on 2026-05-04 under the company's Directors' Stock Award Plan. The Form 4 reports this as an award/grant (transaction code A). No per-share price or total dollar value is disclosed for the grant.

Key Details

• Transaction date: 2026-05-04; Form 4 filed: 2026-05-06 (appears filed within the typical 2-business-day window).
• Transaction type: Award/Grant (code A).
• Shares granted: 400. Price: N/A; total value: N/A (not reported).
• Shares owned after transaction: not disclosed in the filing.
• Footnote: Received pursuant to the Issuer's Directors' Stock Award Plan for service as a director; exempt transaction under Rule 16b-3(d).

Context
Director stock awards are routine compensation for board service and are typically administrative rather than a direct signal of the director’s view on the stock. The Rule 16b-3(d) exemption indicates this grant is a standard, plan-based award and not subject to short-swing profit recovery.