RICHARD C. ADKERSON - 10 Jan 2023 Form 4 Insider Report for FREEPORT-MCMORAN INC (FCX)

Role
Chairman of the Board & CEO, Director
Signature
Kelly C. Simoneaux, on behalf of Richard C. Adkerson pursuant to a power of attorney
Issuer symbol
FCX
Transactions as of
10 Jan 2023
Transactions value $
-$1,567,764
Form type
4
Filing time
12 Jan 2023, 17:06:49 UTC
Previous filing
17 Feb 2022
Next filing
09 Feb 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FCX Common Stock Gift $0 -187,800 -11.31% $0 1,473,306 05 Mar 2022 Through GRATs F1
transaction FCX Common Stock Gift $0 -56,535 -3.84% $0 1,416,771 19 Aug 2022 Through GRATs
transaction FCX Common Stock Options Exercise $15,754,500 +450,000 +16.41% $35.01 3,193,036 10 Jan 2023 Direct F1, F2
transaction FCX Common Stock Tax liability -$17,322,263 -387,436 -12.13% $44.71 2,805,600 10 Jan 2023 Direct F2, F3
holding FCX Common Stock 192,330 10 Jan 2023 By IRA

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction FCX Options (Right to Buy) Options Exercise $0 -450,000 -100% $0* 0 10 Jan 2023 Common Stock 450,000 $35.01 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Since the date of Mr. Adkerson's last Form 4 reporting holdings in Table 1, 646,058 shares of the Issuer's Common Stock previously reported as directly held are now reflected as indirectly held through GRATs.
F2 Amount beneficially owned includes 1,106,333 Common Stock Restricted Stock Units, 1,000,000 of which are vested but deferred.
F3 Shares delivered and withheld in payment of the exercise price of options and resulting taxes.
F4 25% exercisable on the date indicated and 25% exercisable on each of the three anniversaries thereof.