Southern Copper (SCCO) Director Luis Miguel Palomino Sells 100 Shares

What Happened Luis Miguel Palomino, a director of Southern Copper Corporation (SCCO), sold 100 shares of SCCO on September 24, 2026. The shares were reported sold at $200.00 per share for total proceeds of $20,000. The Form 4 lists the transaction as a sale (code S), reported as "open market or private sale."

Key Details

• Transaction date: 2026-09-24
• Price per share: $200.00; Shares sold: 100; Total value: $20,000
• Transaction type: Reported as open-market or private sale (Form 4 code S)
• Filing date / SEC accession: Filed 2026-09-25 (Accession No. 0001284489-26-000040) — appears timely (Form 4 is typically required within two business days)
• Shares owned after transaction: Not specified in the provided filing excerpt
• Footnotes/plan notes: None disclosed in the provided excerpt (no 10b5‑1, tax withholding, or exercise language shown)

Context This is a small, routine insider sale by a director (roughly $20k in proceeds). Sales by insiders can be for many personal reasons and are generally less informative than insider purchases as signals of confidence. No exercise of options, gift, or other derivative activity was reported in the provided record.