Freeport-McMoRan director acquires shares via fee paid in stock

Freeport-McMoRan Inc. director John J. Stephens reported acquiring company stock through a prior election to take part of his annual board retainer in shares instead of cash.

Rhea-AI Filing Summary

Freeport-McMoRan Inc. director John J. Stephens reported acquiring company stock through a prior election to take part of his annual board retainer in shares instead of cash. On 01/01/2026, he received 406 shares of common stock at a reference price of $50.79 per share.

After this transaction, Stephens beneficially owns 68,027 shares of Freeport-McMoRan common stock directly, which includes 17,900 restricted stock units. He also reports an additional 45,000 shares held indirectly through a limited partnership.

Insider Trade Summary

Grant/Award: 406 shares

Grant/Award 2 txns

Insider STEPHENS JOHN JOSEPH

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	406	$50.79	$21K
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 68,027 shares (Direct); Common Stock — 45,000 shares (Indirect, By LP)

Footnotes (2)

1. F1. Represents shares acquired pursuant to the Reporting Person's previous election to receive shares of common stock in lieu of cash for some or all of his annual retainer fee.
2. F2. Amount beneficially owned following the reported transaction includes 17,900 Common Stock Restricted Stock Units.

FAQ

What insider transaction did Freeport-McMoRan (FCX) report for John J. Stephens?

Freeport-McMoRan reported that director John J. Stephens acquired 406 shares of common stock on 01/01/2026 through a prior election to receive part of his annual retainer fee in stock rather than cash.

At what price were the new Freeport-McMoRan (FCX) shares recorded for John J. Stephens?

The 406 shares of Freeport-McMoRan common stock acquired by John J. Stephens were recorded at a price of $50.79 per share.

How many Freeport-McMoRan (FCX) shares does John J. Stephens own after this transaction?

After the transaction, John J. Stephens beneficially owns 68,027 shares of Freeport-McMoRan common stock directly, including 17,900 restricted stock units, plus 45,000 shares held indirectly through a limited partnership.

What is the nature of the indirect Freeport-McMoRan (FCX) ownership reported by John J. Stephens?

John J. Stephens reports 45,000 shares of Freeport-McMoRan common stock as indirectly owned, held "By LP", indicating ownership through a limited partnership.

Why did John J. Stephens receive Freeport-McMoRan (FCX) shares instead of cash?

The filing explains that the 406 shares represent stock acquired under Stephens' previous election to receive shares of common stock in lieu of cash for some or all of his annual retainer fee as a director.

Does this Freeport-McMoRan (FCX) insider transaction involve derivative securities?

The report provides a table for derivative securities but shows no derivative transactions; the noted holdings are common stock and restricted stock units.

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Accepted by SEC EDGAR 01/02/2026 - 05:09 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

STEPHENS JOHN JOSEPH

(Last) (First) (Middle)

333 NORTH CENTRAL AVENUE

(Street)

PHOENIX AZ 85004

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
FREEPORT-MCMORAN INC [ FCX ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
01/01/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	01/01/2026		A(1)		406	A	$50.79	68,027(2)	D
Common Stock								45,000	I	By LP

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents shares acquired pursuant to the Reporting Person's previous election to receive shares of common stock in lieu of cash for some or all of his annual retainer fee.

2. Amount beneficially owned following the reported transaction includes 17,900 Common Stock Restricted Stock Units.

Remarks:

	Kelly C. Simoneaux on behalf of John J. Stephens pursuant to a power of attorney	01/02/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.