PALOMINO BONILLA LUIS MIGUEL 4

What Happened

Luis Miguel Palomino Bonilla, a director of Southern Copper Corp. (SCCO), sold 193 shares in an open-market transaction on March 13, 2026. The shares were sold at $174.60 per share for a total transaction value of $33,698. This was a sale (not a purchase), which is often routine insider selling and does not by itself indicate company performance.

Key Details

• Transaction date: 2026-03-13
• Transaction type/code: Open-market sale (S)
• Price per share: $174.60
• Shares sold: 193
• Total proceeds: $33,698
• Shares owned after transaction: Not reported in the Form 4 filing
• Notable footnotes/plan: No 10b5-1 plan, tax withholding, or other footnotes disclosed in the filing
• Filing timeliness: Form 4 filed on 2026-03-18 (five days after the trade), which is later than the typical two-business-day deadline for reporting insider transactions

Context

Insider sales can reflect routine portfolio management (taxes, diversification, liquidity) and are not a definitive signal about company fundamentals. Because this transaction is a relatively small dollar amount and there is no stated 10b5-1 plan or other note, retail investors should treat it as ordinary insider selling unless additional, material insider activity or news emerges.