RICHARD C. ADKERSON - 07 Feb 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
07 Feb 2023
Net transactions value
-$18,271,918
Form type
4
Filing time
09 Feb 2023, 16:41:22 UTC
Previous filing
12 Jan 2023
Next filing
16 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 Award $0 +71,500 +2.5% $0.000000 2,877,100 07 Feb 2023 Direct F1
transaction FCX Common Stock Award $0 +1,081,125 +38% $0.000000 3,958,225 07 Feb 2023 Direct F2
transaction FCX Common Stock Tax liability $18,271,918 -425,423 -11% $42.95 3,532,802 07 Feb 2023 Direct F3, F4
holding FCX Common Stock 1,416,771 07 Feb 2023 Through GRATs
holding FCX Common Stock 192,330 07 Feb 2023 By IRA
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents a grant of time-vested Common Stock Restricted Stock Units ("RSUs").
F2 Shares acquired through the vesting of performance share units ("PSUs") granted on February 4, 2020.
F3 Shares withheld to cover the taxes due upon the vesting of PSUs.
F4 Amount beneficially owned includes 1,177,833 RSUs, 1,000,000 of which are vested but deferred.

Remarks:

In addition to the awards reported herein, on February 7, 2023, the Reporting Person also received a grant of PSUs, which will be reflected on a Form 4 if and when such units vest. Vesting of the PSUs will be determined by the Issuer's average return on investment and relative TSR over the three-year performance period ending December 31, 2025.