Southern Copper (SCCO) Director Luis Palomino Receives Stock Award

What Happened Luis Miguel Palomino Bonilla, a director of Southern Copper Corp. (SCCO), was granted two director stock awards on January 29, 2026: 200 shares and 400 shares, for a total of 600 shares. No purchase price is reported (N/A) because these were awards issued under the issuer's Directors' Stock Award Plan and are exempt transactions under Rule 16b-3(d).

Key Details

• Transaction date: 2026-01-29 (filed on Form 4 dated 2026-02-02).
• Awards: 200 shares (footnote F1: for perfect attendance) and 400 shares (footnote F3: for service as a director).
• Price: N/A (awarded shares; no cash purchase).
• Shares owned after transaction: 1,907 total (footnote F5 notes this includes 42 dividend shares received in 2025).
• Exemption/footnotes: Awards issued under the Directors' Stock Award Plan; exempt under Rule 16b-3(d).
• Filing timeliness: Form 4 was filed on Feb 2, 2026, which is within the standard two-business-day window after the Jan 29 transaction.

Context These grants are director compensation rather than open-market purchases or option exercises, so they reflect routine equity awards under company policy rather than a direct market signal. For retail investors, awarded shares increase insider ownership but do not involve cash paid by the insider.