Southern Copper Director Sells 100 Shares at $200
SOUTHERN COPPER CORP/
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Filing Summary
Insider Sale Alert: Southern Copper Corp ($SCCO)
• Insider: Luis Miguel Palomino Bonilla (Director) • Transaction: Sold 100 shares of Common Stock at $200.00/share • Total Value: $20,000.00 • Shares Remaining: 1,503 shares (Direct) • Date of Transaction: September 24, 2026 • Significance: Low
Comprehensive Analysis
Executive Summary
On September 25, 2026, Southern Copper Corp ($SCCO) filed a Form 4 disclosing that Director Luis Miguel Palomino Bonilla executed an open market sale of 100 shares of Common Stock on September 24, 2026. The transaction took place at a price of $200.00 per share, yielding gross proceeds of $20,000.
Transaction Details
- Filer: Luis Miguel Palomino Bonilla
- Role: Director
- Security: Common Stock
- Transaction Type: Open Market Sale (Code 'S')
- Shares Sold: 100
- Execution Price: $200.00
- Total Transaction Value: $20,000.00
- Post-Transaction Holdings: 1,503 shares (held directly)
- Rule 10b5-1 Plan: Not indicated / Not adopted
Market Impact and Insider Context
This sale represents a 6.2% reduction in the director's direct equity position, lowering his stake from 1,603 shares to 1,503 shares. Given the modest transaction size of $20,000 and the low volume of shares transacted, this event carries low informational and market significance.
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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.
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