Freeport-McMoRan director sells 3,798 shares

Rhea-AI Filing Summary

FREEPORT-MCMORAN INC (FCX) director Lydia H. Kennard reported selling 3,798 shares of common stock on 2026-08-27 in an open-market or private transaction at a weighted average price of $79.1129 per share, with individual sale prices ranging from $79.10 to $79.18.

After this sale, she beneficially owns 122,702 shares of FCX common stock, which includes 2,800 restricted stock units (RSUs).

Insider Trade Summary

Net Seller: 3,798 shares

Net Sell 1 txn

Insider KENNARD LYDIA H

Role Director

Sold 3,798 shs ($300K)

Type	Security	Shares	Price	Value
Sale	Common Stock F1, F2	3,798	$79.1129	$300K

Holdings After Transaction: Common Stock — 122,702 shares (Direct)

Footnotes (2)

1. F1. The price reported represents the weighted average price of the shares sold. Shares were sold at varying prices in the range of $79.1000 - $79.1800. The Reporting Person hereby undertakes, upon request of the Staff of the U.S. Securities and Exchange Commission, the issuer or a security holder of the issuer, to provide full information regarding the number of shares sold at each separate price.
2. F2. Amount beneficially owned following the reported transaction includes 2,800 RSUs.

Key Figures

Shares sold: 3,798 shares of Common Stock Weighted average sale price: $79.1129 per share Shares beneficially owned after transaction: 122,702 shares +1 more

4 metrics

Shares sold 3,798 shares of Common Stock Sale transaction on 2026-08-27 by director Lydia H. Kennard

Weighted average sale price $79.1129 per share Shares sold at prices ranging from $79.10 to $79.18

Shares beneficially owned after transaction 122,702 shares Post-transaction holdings including RSUs

RSUs included in beneficial ownership 2,800 RSUs RSUs counted within total beneficially owned shares after transaction

Key Terms

weighted average price, beneficially owned, RSUs

3 terms

weighted average price financial

"The price reported represents the weighted average price of the shares sold."

Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.

beneficially owned financial

"Amount beneficially owned following the reported transaction includes 2,800 RSUs."

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

RSUs financial

"Amount beneficially owned following the reported transaction includes 2,800 RSUs."

RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did FCX director Lydia H. Kennard report on this Form 4?

She reported a sale of 3,798 FCX common shares on 2026-08-27 in an open-market or private transaction, as indicated by transaction code S and the description “Sale in open market or private transaction.”

At what price were the FCX shares sold in Lydia H. Kennard’s transaction?

The reported price is a weighted average of $79.1129 per share. A footnote explains that the shares were sold at varying prices in the range of $79.10 to $79.18 and that full price breakdowns are available on request.

How many FCX shares does Lydia H. Kennard own after the reported sale?

After the transaction, she beneficially owns 122,702 shares of FCX common stock. A footnote clarifies that this total includes 2,800 restricted stock units (RSUs).

Does the post-transaction FCX share count for Lydia H. Kennard include RSUs?

Yes. A footnote states that the amount beneficially owned following the transaction includes 2,800 RSUs, which are counted within the reported 122,702 beneficially owned shares.

Was Lydia H. Kennard’s FCX stock sale executed under a Rule 10b5-1 trading plan?

The filing’s Rule 10b5-1 indicator is false, meaning the checkbox for transactions under a Rule 10b5-1 trading plan was not marked as affirmatively applying to this sale.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 08/28/2026 - 05:10 PM EDT Accepted by SEC EDGAR 08/28/2026 - 05:09 PM EDT 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^*

KENNARD LYDIA H

(Last) (First) (Middle)

4340 E. COTTON CENTER BLVD.

SUITE 110

(Street)

PHOENIX ARIZONA 85040

(City) (State) (Zip)

UNITED STATES

(Country)

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)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/27/2026

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

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

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

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	08/27/2026		S		3,798	D	$79.1129(1)	122,702(2)	D

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. The price reported represents the weighted average price of the shares sold. Shares were sold at varying prices in the range of $79.1000 - $79.1800. The Reporting Person hereby undertakes, upon request of the Staff of the U.S. Securities and Exchange Commission, the issuer or a security holder of the issuer, to provide full information regarding the number of shares sold at each separate price.

2. Amount beneficially owned following the reported transaction includes 2,800 RSUs.

Remarks:

	Kelly C. Simoneaux, on behalf of Lydia H. Kennard, pursuant to a power of attorney	08/28/2026
	** 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.
* Form 4: SEC 1474 (03-26)