Southern Copper (SCCO) Director Javier Arrigunaga Receives 400-Share Award
$SCCO · SOUTHERN COPPER CORP/Research Summary
AI-generated summary of this SEC filing
Southern Copper (SCCO) Director Javier Arrigunaga Receives 400-Share Award
What Happened
Arrigunaga Gomez del Campo Javier (Javier Arrigunaga), a director of Southern Copper Corp (SCCO), was granted 400 shares on 2026-07-24 as part of the issuer's Directors' Stock Award Plan. No acquisition price or total dollar value is reported on the Form 4 (N/A), since this was an awarded grant rather than an open-market purchase.
Key Details
- Transaction date: 2026-07-24; Form 4 filed: 2026-07-28.
- Transaction code: A (Grant/award/acquisition); Shares granted: 400; Price: N/A; Value: not disclosed.
- Footnote: Shares received pursuant to the Issuer's Directors' Stock Award Plan for service as a director; transaction exempt under Rule 16b-3(d).
- Shares owned after the transaction: not disclosed in the provided filing details.
- No 10b5-1 plan, tax-withholding, sales, or option exercises reported for this transaction in the supplied data.
Context
Director awards like this are routinely used as compensation for board service and are covered by exemptions (Rule 16b-3) that prevent short-swing profit liability. Such grants are compensation events and do not necessarily signal the director's personal bullish or bearish view of the company; open-market purchases tend to be more informative about insider sentiment.