Contreras Lerdo de Tejada Leonardo 4

What Happened

• Leonardo Contreras Lerdo de Tejada, CEO of Southern Copper Corp. (SCCO), was granted 400 shares on May 4, 2026. The Form 4 classifies the transaction as an award/acquisition (code A). No per-share price or total dollar value is reported (price = N/A).
• Footnote indicates the shares were received pursuant to the issuer's Directors' Stock Award Plan for service as a director and the transfer is exempt under Rule 16b-3(d).

Key Details

• Transaction date: 2026-05-04; Form 4 filed: 2026-05-06 (filed two days after the transaction).
• Shares granted: 400; reported price: N/A; total value: not stated in the filing.
• Shares owned after the transaction: not specified in the Form 4 provided.
• Footnotes: F1 — award received under Directors' Stock Award Plan for director service (exempt under Rule 16b-3(d)); F2 — N/A.
• Filing timeliness: appears timely (filed within two business days of the transaction).

Context

• This was a compensatory stock award (not an open-market purchase or sale). Such awards typically reflect director/service compensation and do not by themselves indicate an insider trading view on the company’s prospects.
• The filing does not state whether the granted shares are subject to vesting or transfer restrictions; investors looking for changes in insider ownership should watch for follow-up disclosures.