Company: SCCO
Filing Date: 2025-04-11
Form Type: DEF 14A
Source: 0001558370-25-004735
Chunk: 29

Company: SOUTHERN COPPER CORP/
Filing Date: 2025-04-11
Form: DEF 14A
Chunk 29
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 González Rocha, Jacob and Corrales and Ms. Vingerhoets received $87,144, $45,354, $47,934, and $27,737 as quinquenio, respectively. These amounts are reflected in the Summary Compensation Table under the All Other Compensation column.

| (c) | Other Company Sponsored Programs: |

We provide a small family assistance subsidy mandated by Peruvian law to expatriate employees and certain executives. In 2024, Messrs. González Rocha, Jacob and Corrales received minor subsidies under this program which are reflected in the All Other Compensation column in the Summary Compensation Table. Additionally, said column reflects modest Christmas gifts given to all salaried and non-salaried employees, including Messrs. González Rocha, Jacob and Corrales and Ms. Vingerhoets. Other Benefits:

| (a) | Company Housing, Medical Benefits and Club Membership: |

We provide a corporate residence in Lima, which Mr. Oscar González Rocha uses when he conducts business activities at our Lima headquarters, and we pay for his business club membership in Lima, Peru. We reflect $42,000 in 2024 for the housing benefit and minor subsidies for medical benefits and a club membership in the Summary Compensation Table under the All Other Compensation column. (b) Company Provided Car and Driver: Messrs. González Rocha, Jacob, Corrales, and Ms. Vingerhoets and other key salaried employees are provided with a Company car and a driver or a Company car without a driver. We consider that the use of Company cars by Messrs. González Rocha, Jacob, Corrales, and Ms. Vingerhoets and by other key salaried employees is not a personal benefit but is integrally and directly related to the performance of their functions as key executives or salaried employees of one of the largest companies in Peru, is required for security reasons, and is consistent with local practice. (c) Tax Gross-Up: We provide certain key employees a cash benefit as reimbursement for the payment of taxes on compensation received under the Stock Purchase Plans of Grupo Mexico. In 2024, Mr. Oscar González Rocha did not receive a tax gross-up payment. (d) Affiliate Directors’ Fees: Messrs. González Rocha, Jacob, and Corrales each received $25,200 in 2024 for services as directors of Coimolache S.A. (“Coim