Valenzuela Rionda Jose Pedro 4
Research Summary
AI-generated summary
Southern Copper (SCCO) Director Jose Valenzuela Rionda Receives 400-Share Award
What Happened
- Jose Pedro Valenzuela Rionda, a director of Southern Copper Corp. (SCCO), received an award of 400 common shares on May 4, 2026. The Form 4 reports the transaction as an award/grant (code A); no per‑share price or total dollar value is listed in the filing.
- This was a compensation award for board service rather than an open‑market purchase or sale and is generally considered routine director compensation.
Key Details
- Transaction date: 2026-05-04 (Period of Report); Form 4 filed: 2026-05-06 (timely filing).
- Transaction type/code: Award/Grant (A).
- Shares received: 400 shares. Price/value: N/A in the filing.
- Footnote: Received pursuant to the issuer’s Directors’ Stock Award Plan for service as a director; exempt under Rule 16b-3(d) (see F1). Footnote F2 is N/A.
- Shares owned after transaction: Not specified in the provided filing.
Context
- Director stock awards are routine compensation and do not by themselves indicate a buy/sell signal. The filing shows an exempt award under Rule 16b-3(d), which is common for director compensation.
- For additional details (vesting, fair‑market value at grant, or total holdings), check the company’s proxy statement or subsequent filings.