Company: SCCO
Filing Date: 2025-04-11
Form Type: DEF 14A
Source: 0001558370-25-004735
Chunk: 58

Company: SOUTHERN COPPER CORP/
Filing Date: 2025-04-11
Form: DEF 14A
Chunk 58
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 in October 2024. |

Each non-employee director receives compensation in the amount of $20,000 per year and $13,000 for attendance in person at each meeting of the Board. Commencing with the second quarter of 2021, the $20,000 annual cash compensation is paid quarterly and conditioned upon the attendance of each Board meeting by the directors. For committee attendance the fee is $6,000. If the participation at the Board is by telephone conference, the compensation is $1,000 for each meeting. All directors are reimbursed by us for all meeting-related expenses. We have a Directors’ Stock Award Plan which entitles our non-employee directors to an award of 1,600 shares of Common Stock upon election to the Board of Directors andare eligible to receive 1,600 additional shares of Common Stock per year thereafter. Commencing with the second quarter of 2021, each Eligible Director (as defined below) receives quarterly awards of 400 Shares, contingent upon such director’s attendance at every Board meeting for that quarter.The fair value of the award is measured each year as of the date of each grant. The award is not subject to vesting requirements. Subject to stockholder approval of the amendment to the Directors' Stock Award Plan described below, each Eligible Director will be granted an additional 200 Shares, contingent upon their attendance of all Board meetings for the year. See “Approval of Management Proposals by Stockholders—Proposal to amend and extend the term of the Directors' Stock Award Plan.” The information set forth below reflects the shares of our Common Stock granted under the Directors’ Stock Award Plan outstanding and held by each of the directors as of December 31, 2024.

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Southern Copper Corporation

| ​                                  | ​ |                  ​ |
| ​                                  |   |   Shares of Common |
| ​                                  |   | Stock Beneficially |
| ​                                  |   |         Owned 2024 |
| Germán Larrea Mota-Velasco         |   |             34,166 |
| Oscar González Rocha               |   |              1,212 |
| Vicente Ariztegui Andreve          |   |             11,200 |
| Javier Arrigunaga Gomez del Campo  | ​ |              2,400 |
| Enrique Castillo Sánchez Mejorada  |   |              7,600 |
| Leonardo Contreras Lerdo de Tejada |   |              7,200 |
| Luis