Company: SCCO
Filing Date: 2025-04-11
Form Type: DEF 14A
Source: 0001558370-25-004735
Chunk: 28

Company: SOUTHERN COPPER CORP/
Filing Date: 2025-04-11
Form: DEF 14A
Chunk 28
---
 which allowed employees to withdraw all or part of their CTS funds through December 31, 2024. In 2024, we deposited for Messrs. González Rocha, Jacob and Corrales and Ms. Vingerhoets, $57,926, $21,967, $17,411 and $12,506, respectively, as CTS compensation. For further details on the Peruvian mandated severance benefits see above under “Severance Benefits.” These amounts are reflected in the Summary Compensation Table under the All Other Compensation column.

| (d) | Peruvian Mandated Company Housing: |

Peruvian mining law requires that we provide residences at our operations in Toquepala, Cuajone, and Ilo for all our salaried and non-salaried employees, including for Mr. González Rocha. No other Peruvian Named Executive Officer enjoys this benefit.

| (e) | Peruvian Mandated Family Assistance: |

Peruvian law requires that we provide family assistance, which consists of 10% of the legal minimum salary, to all our salaried and non-salaried employees, including Messrs. González Rocha, Jacob and Corrales, who are married or have children under the age of 18. Said compensation is reflected in the Summary Compensation Table under the All Other Compensation column. No other Peruvian Named Executive Officer enjoys this benefit. Cash Compensation under Company Sponsored Programs:

| (a) | Vacation Compensation: |

We provide vacation bonuses for all our salaried employees and payment for vacation travel to all our key salaried employees. Mr. González Rocha’s vacation bonus and travel in 2024 amounted to $36,310 and is reflected in the Summary Compensation Table under the All Other Compensation column. In 2024, Messrs. Jacob and Corrales and Ms. Vingerhoets received $14,885, $11,986 and $9,081 as vacation bonus and travel, respectively. These amounts are reflected in the Summary Compensation Table under the All Other Compensation column.

| (b) | Five Percent Benefit or “Quinquenio”: |

We also voluntarily provide to all salaried employees and to non-salaried employees under agreement with our local labor unions, a benefit consisting of five percent of the monthly salary for each period of five years of service. We call this benefit, colloquially in Peru, the “quinquenio.”

20

In 2024, Messrs.