PALOMINO BONILLA LUIS MIGUEL 4

What Happened

• Luis Miguel Palomino Bonilla, a director of Southern Copper Corp (SCCO), was granted 400 shares on 2026-05-04 as a director stock award. No per-share price or cash value is reported (N/A) because this was an award rather than an open-market purchase. The Form 4 reporting this transaction was filed on 2026-05-06.

Key Details

• Transaction date: 2026-05-04; Form 4 filed: 2026-05-06.
• Shares granted: 400; price/total value: N/A (award).
• Footnote: Received pursuant to the Issuer's Directors' Stock Award Plan for service as a director; exempt under Rule 16b-3(d) (F1).
• Shares owned after the transaction: not specified on the provided report.
• Timeliness: Filing appears to have been made within the standard 2-business-day window following the transaction.

Context

• Director stock awards are common compensation for board service and are treated as routine, exempt transactions under Rule 16b-3; they do not necessarily signal the director buying or selling stock in the market.
• For retail investors, outright purchases by insiders can be a stronger direct indicator of personal conviction than automatic or plan-driven awards; this record documents compensation rather than a discretionary market trade.