Freeport-McMoRan (NYSE: FCX) director awarded 2,800 RSUs
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
GRANT HUGH reported acquisition or exercise transactions in this Form 4 filing.
Freeport-McMoRan director Hugh Grant received an equity grant of 2,800 shares of Common Stock as a compensation award. The grant was made at no cash cost to him.
After this award, he beneficially owns 49,314 shares in total, including 20,700 Restricted Stock Units (RSUs).
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
GRANT HUGH
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2,800 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 49,314 shares (Direct, null)
Footnotes (1)
- Represents a grant of Common Stock Restricted Stock Units ("RSUs"). Amount beneficially owned following the reported transaction includes 20,700 RSUs.
Key Figures
RSU grant: 2,800 shares
Grant price: $0.00 per share
Total beneficial ownership: 49,314 shares
+1 more
4 metrics
RSU grant
2,800 shares
Common Stock RSUs granted to director Hugh Grant
Grant price
$0.00 per share
Equity compensation, not market purchase
Total beneficial ownership
49,314 shares
Shares beneficially owned after the transaction
RSUs included in ownership
20,700 RSUs
RSUs included in post-transaction beneficial ownership
Key Terms
Restricted Stock Units ("RSUs"), beneficially owned, grant, award, or other acquisition
3 terms
Restricted Stock Units ("RSUs") financial
"Represents a grant of Common Stock Restricted Stock Units ("RSUs")."
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
beneficially owned financial
"Amount beneficially owned following the reported transaction includes 20,700 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.
grant, award, or other acquisition financial
"Transaction code description: Grant, award, or other acquisition."
FAQ
What did Freeport-McMoRan (FCX) director Hugh Grant report on this Form 4?
Hugh Grant reported receiving a grant of 2,800 shares of Freeport-McMoRan Common Stock as a compensation award. This is coded as an acquisition (A) rather than an open-market purchase, reflecting stock-based compensation rather than a cash investment.
Was Hugh Grant’s Freeport-McMoRan Form 4 transaction a market purchase or sale?
The Form 4 shows a grant coded “A,” meaning a grant, award, or other acquisition, not a market trade. The 2,800 Common Stock shares were awarded at a price of $0.00 per share as part of equity compensation, not bought or sold in the market.
What are Restricted Stock Units (RSUs) in the Freeport-McMoRan Form 4 footnotes?
The footnotes explain that the reported 2,800-share grant represents Common Stock RSUs. RSUs are promises to deliver shares in the future, typically subject to vesting conditions, and they form part of the director’s stock-based compensation package at Freeport-McMoRan.