SACRISTAN CARLOS RUIZ 4
Research Summary
AI-generated summary
Southern Copper (SCCO) Director Carlos Sacristan Receives 400-Share Award
What Happened
- Carlos Sacristan Ruiz, a director of Southern Copper Corp (SCCO), was granted 400 shares on 2026-07-24. The filing lists the transaction as an award/acquisition (code A) with no price or dollar value reported (N/A).
- The shares were issued pursuant to the Issuer's Directors' Stock Award Plan as compensation for board service. This award is reported as an exempt transaction under Rule 16b-3(d).
Key Details
- Transaction date: 2026-07-24. Form 4 filed: 2026-07-28 (no late-filing flag indicated in the filing).
- Price: N/A (shares were granted, not purchased on the open market).
- Shares owned after the reported transaction: not provided in the summary data supplied.
- Footnote: Award received pursuant to the Directors' Stock Award Plan; exempt under Rule 16b-3(d). No tax-withholding or sale reported in this filing.
Context
- Director stock awards are routine compensation for board members and are treated as an acquisition for reporting purposes; they do not necessarily reflect the director’s personal cash investment or short-term market view.
- This was a grant of shares (not an option exercise, purchase, or sale), so no immediate proceeds or exercise-related details apply.