Contreras Lerdo de Tejada Leonardo 4

What Happened

Leonardo Contreras Lerdo de Tejada, a director of Southern Copper Corp. (SCCO), reported the sale of 9,248 shares on February 3, 2026. The shares were disposed at $211.34 each, generating proceeds of approximately $1,954,426. The Form 4 lists the transaction as a sale (code S), reported as an open-market or private sale.

Key Details

• Transaction date: 2026-02-03
• Price per share: $211.34
• Shares sold: 9,248
• Gross proceeds: $1,954,426 (approx.)
• Filing date: 2026-02-03 — appears timely with the report period matching the transaction date
• Shares owned after transaction: not specified in the provided filing extract
• Footnotes/plans: no 10b5-1 plan, tax-withholding, or other special footnotes referenced in the provided transaction data

Context

This was a straight sale of existing shares rather than an option exercise or award. Sales by directors can be routine (portfolio rebalancing, liquidity needs, pre-arranged plans) and do not by themselves indicate management sentiment about the company’s prospects. Retail investors should consider this alongside other insider activity, company fundamentals, and market conditions.