Company: SCCO
Filing Date: 2025-04-11
Form Type: DEF 14A
Source: 0001558370-25-004735
Chunk: 63

Company: SOUTHERN COPPER CORP/
Filing Date: 2025-04-11
Form: DEF 14A
Chunk 63
---
 referred to as a “Participant.” Employees are not eligible to receive awards under the Plan.

Once elected at the 2025 Annual Meeting, Germán Larrea Mota-Velasco, Vicente Ariztegui Andreve, Javier Arrigunaga Gomez del Campo, Enrique Castillo Sánchez Mejorada, Leonardo Contreras Lerdo de Tejada, Luis Miguel Palomino Bonilla, Carlos Ruiz Sacristán and Jose Pedro Valenzuela Rionda will be Eligible Directors.

Shares Subject to the Plan

Subject to adjustment as provided in Section 6, an aggregate of 152,400 Shares will be available for awards under the Plan. The Shares may be made available from authorized but unissued Shares or treasury shares. If any stock awards under the Plan shall be foregone or returned to the Company for any reason, the Shares subject to such award shall again be available for awards.

Grant, Stock Awards

(a) Upon first election to the Board after September 1, 1995, each newly elected Eligible Director will be granted 1,600 Shares.

(b) Immediately following each quarter, contingent upon their attendance at every Board meeting for that quarter, each Eligible Director will be granted 400 Shares.

(c) An Eligible Director may forego any grant of Shares by giving irrevocable written notice to such effect to the Secretary of the Company six months in advance of such grant.

(d) Subject to stockholder approval, at the end of each year, eachEligible Director will be granted 200 additional Shares, contingent upon their attendance at all Board of Directors’ meetings for that year.

<div align='center'>42</div>

Adjustment of and Changes in Shares

In the event of a stock split, stock dividend, extraordinary dividend, subdivision or combination of the Shares or other change in corporate structure affecting the Shares, the number of Shares authorized by the Plan and the number of Shares to be granted under Section 5 shall be appropriately and equitably adjusted.

Withholding of Taxes and Other Laws

The Company shall be authorized to withhold from any payment due under this Plan the amount of withholding taxes, if any, due in respect of an award hereunder, unless other provisions satisfactory to the Company shall have been made for the payment of such taxes.

The Board may refuse to issue or transfer any Shares if, acting in its sole discretion, it determines that the issuance or transfer of such Shares might violate any applicable law or regulation or entitle the Company to recover the same under Section