RICHARD C. ADKERSON - 11 Feb 2025 Form 4 Insider Report for FREEPORT-MCMORAN INC (FCX)

Signature
Kelly C. Simoneaux, on behalf of Richard C. Adkerson, pursuant to a power of attorney
Issuer symbol
FCX
Transactions as of
11 Feb 2025
Net transactions value
-$2,148,491
Form type
4
Filing time
13 Feb 2025, 18:06:35 UTC
Previous filing
28 Aug 2024
Next filing
19 Feb 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FCX Common Stock Award $0 +57,000 +1.5% $0.000000 3,849,050 11 Feb 2025 Direct F1
transaction FCX Common Stock Award $0 +151,875 +3.9% $0.000000 4,000,925 11 Feb 2025 Direct F2
transaction FCX Common Stock Tax liability $2,148,491 -55,863 -1.4% $38.46 3,945,062 11 Feb 2025 Direct F3, F4
holding FCX Common Stock 192,330 11 Feb 2025 By IRA
holding FCX Common Stock 1,401,130 11 Feb 2025 Through GRATs
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents a grant of Common Stock Restricted Stock Units ("RSUs").
F2 Shares acquired through the vesting of performance share units ("PSUs") granted on February 7, 2022.
F3 Shares withheld to cover the taxes due upon the vesting of PSUs.
F4 Amount beneficially owned includes 1,206,333 RSUs, 1,000,000 of which are vested but deferred.

Remarks:

In addition to the awards reported herein, on February 11, 2025, 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, 2027. The Reporting Person's direct and indirect holdings have been updated to reflect the return of shares in connection with scheduled annuity payments under previously established GRATs that have occurred since his last Form 4 and the establishment of a new GRAT.