Julio Toro Silva, Chief Information Officer of Copa Holdings, S.A., filed a Form 4 on November 12, 2026, reporting two transactions in the company's Class A Common Stock dated June 15 and June 18, 2026.

Key Highlights

  • Acquisition: Toro Silva acquired 4,665 shares of Class A Common Stock on June 15, 2026, at a price of $139.34 per share (transaction code A).
  • Sale: On June 18, 2026, Toro Silva disposed of 4,000 shares at $150.45 per share (transaction code S).
  • Remaining holdings: Following both transactions, Toro Silva directly owned 12,405 shares of Class A Common Stock.
  • RSU component: According to the filing, the post-transaction total of 12,405 shares includes 7,332 shares representing restricted stock units, each a contingent right to receive one share upon settlement.
  • Role: The reporting person is identified as an Officer with the title Chief Information Officer of Copa Holdings, S.A. (NYSE:CPA).

Copa Holdings CIO Discloses Acquisition and Sale of Class A Common Stock in June 2026

According to the Form 4 filed with the SEC on November 12, 2026, Julio Toro Silva, the Chief Information Officer of Copa Holdings, S.A. (NYSE:CPA), reported two non-derivative securities transactions. On June 15, 2026, the reporting person acquired 4,665 shares of Class A Common Stock at a price of $139.34 per share, bringing his directly held total to 16,405 shares at that point, the filing states.

Three days later, on June 18, 2026, the filing discloses that Toro Silva sold 4,000 shares at $150.45 per share. Following that disposal, his directly held beneficial ownership in Class A Common Stock stood at 12,405 shares, as reported in the filing. The filing notes in an explanatory footnote that this remaining total includes 7,332 shares that represent restricted stock units, described as "a contingent right to received one share of the Issuer's Class A common stock upon settlement."

No derivative securities transactions were reported in Table II of the filing. The form was signed by Ambar Vargas as attorney-in-fact on November 12, 2026, and was filed as an individual, single-reporting-person submission. No amendment date was indicated, and no Rule 10b5-1(c) plan box was checked in connection with the reported transactions.

What Was Disclosed

The filing reports a June 15, 2026 acquisition of 4,665 Class A shares at $139.34 and a June 18, 2026 sale of 4,000 shares at $150.45 by Copa Holdings' Chief Information Officer, leaving him with 12,405 directly held shares, including 7,332 RSUs.