Southern Copper Director Files Form 144 Notice to Sell 400 Shares ($87K)
SOUTHERN COPPER CORP/
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Filing Summary
š Form 144 Filing Alert: Southern Copper Corp ($SCCO) š¤ Filer: Luis Miguel Palomino Bonilla (Director) š¦ Shares Proposed for Sale: 400 š° Aggregate Market Value: $87,000 š Filing Date: September 1, 2026 š¦ Broker: Inteligo SAB ā¹ļø Acquisition Source: Issuer's Directors Stock Award Plan (04/30/2024)
Comprehensive Analysis
Executive Summary
On September 1, 2026, Luis Miguel Palomino Bonilla, a Director of Southern Copper Corp (NYSE: SCCO), filed a Form 144 notice proposing to sell 400 shares of common stock with an aggregate market value of $87,000 through broker Inteligo SAB.
Transaction Details
- Issuer: Southern Copper Corporation (CIK:
0001001838) - Reporting Person: Luis Miguel Palomino Bonilla (Director)
- Security: Common Stock
- Proposed Sale Amount: 400 shares
- Estimated Aggregate Market Value: $87,000 (~$217.50/share)
- Approximate Sale Date: September 1, 2026
- Acquisition Origin: Granted on April 30, 2024, under the Issuer's Directors Stock Award Plan as compensation for board services.
Prior 3-Month Activity
The filer disclosed several small incremental sales in the preceding three months totaling 504 shares:
- 06/02/2026: 100 shares for $20,000
- 06/05/2026: 4 shares for $724
- 07/24/2026: 100 shares for $17,900
- 08/04/2026: 100 shares for $19,500
- 08/05/2026: 100 shares for $19,830
- 08/05/2026: 100 shares for $20,000
Market Impact & Significance
- Trading Significance: Low. The proposed sale represents an immaterial fraction of Southern Copper's 834,328,506 shares outstanding.
- Pattern: The proposed liquidation aligns with routine small-scale sales of director equity awards rather than a fundamental shift in insider sentiment.
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Important Disclaimer
This content is drawn from public SEC filings and may contain errors. It is for informational purposes only and is not investment, legal, or tax advice.
Nothing here is a recommendation to buy, sell, or hold any security. Do your own due diligence.
