Southern Copper Director Enrique Castillo Sanchez Mejorada Receives Annual Stock Award
SOUTHERN COPPER CORP/
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Filing Summary
Southern Copper Corp ($SCCO) - Form 4 Filing Update Insider: Enrique Castillo Sanchez Mejorada (Director) Transaction: Grant / Award (Code A) Shares Acquired: 400 Price: $0.00 (Stock Award Plan) Beneficially Owned Post-Transaction: 1,800 shares Significance: Low (Routine Director Compensation)
Comprehensive Analysis
Transaction Overview
On October 30, 2026, Enrique Castillo Sanchez Mejorada, a member of the Board of Directors of Southern Copper Corp ($SCCO), acquired 400 shares of common stock. The acquisition was executed pursuant to the Issuer's Directors' Stock Award Plan as equity compensation for board service, making it an exempt transaction under Rule 16b-3(d).
Position & Holdings Context
Following this grant, Mr. Castillo Sanchez Mejorada holds 1,800 shares of Southern Copper Corp directly. The acquisition represents a routine periodic director retainer equity grant rather than an open-market purchase or discretionary insider buy.
Market & Trading Significance
This transaction carries Low trading significance. Because the shares were awarded at no cash cost under an established director compensation program (Transaction Code 'A'), the filing does not reflect active market sentiment or speculative conviction by the insider.
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