Freeport-McMoRan (NYSE: FCX) director paid retainer partly in stock

Rhea-AI Filing Summary

Freeport-McMoRan director Hugh Grant reported a small stock-based compensation award. He acquired 536 shares of common stock at $62.89 per share, received in lieu of cash for part of his annual board retainer fee.

Following this grant, his reported holdings total 49,850 shares of Freeport-McMoRan common stock, which includes 20,700 restricted stock units. This is a routine, compensation-related acquisition rather than an open-market purchase.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider GRANT HUGH

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	536	$62.89	$34K

Holdings After Transaction: Common Stock — 49,850 shares (Direct, null)

Footnotes (1)

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. Amount beneficially owned following the reported transaction includes 20,700 RSUs.

Key Figures

Shares granted: 536 shares Grant valuation price: $62.89 per share Total holdings after transaction: 49,850 shares +1 more

4 metrics

Shares granted 536 shares Director stock-based retainer grant

Grant valuation price $62.89 per share Value used for the 536-share award

Total holdings after transaction 49,850 shares Common stock beneficially owned after grant

RSUs included in holdings 20,700 RSUs Part of total beneficial ownership after grant

Key Terms

annual retainer fee, RSUs, beneficially owned, Grant, award, or other acquisition

4 terms

annual retainer fee financial

"shares of common stock in lieu of cash for some or all of his annual retainer fee"

RSUs financial

"Amount beneficially owned following the reported transaction includes 20,700 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.

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"

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/01/2026 - 05:37 PM Accepted by SEC EDGAR 07/01/2026 - 05:36 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^*

GRANT HUGH

(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)
07/01/2026

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	07/01/2026		A(1)		536	A	$62.89	49,850(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. 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 20,700 RSUs.

Remarks:

	Kelly C. Simoneaux, on behalf of Hugh Grant pursuant to a power of attorney	07/01/2026
	** 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)

FAQ

What insider transaction did Hugh Grant report at FCX?

Hugh Grant reported receiving 536 Freeport-McMoRan shares as a grant, not a market purchase. The shares were issued in lieu of cash for part of his annual director retainer fee, reflecting routine stock-based compensation for board service.

At what price were Hugh Grant’s FCX shares valued in this Form 4?

The 536 Freeport-McMoRan shares were valued at $62.89 per share for reporting purposes. This value is used to quantify the size of the stock-based retainer, even though the transaction is a grant rather than an open-market trade.

How many Freeport-McMoRan shares does Hugh Grant hold after this transaction?

After the grant, Hugh Grant is reported as beneficially owning 49,850 Freeport-McMoRan shares. This total includes 20,700 restricted stock units, which are share-based awards that typically vest over time under the company’s compensation programs.

Is Hugh Grant’s FCX Form 4 transaction an open-market buy or compensation?

The filing shows a compensation-related acquisition, not an open-market purchase. Shares were issued under a prior election to receive common stock instead of cash for some or all of Hugh Grant’s annual director retainer fee, making it routine board compensation.

What does the footnote about RSUs mean in Hugh Grant’s FCX filing?

The footnote explains that Grant’s post-transaction total of 49,850 shares includes 20,700 restricted stock units. RSUs are promises to deliver shares in the future, usually contingent on vesting conditions, and are part of his overall equity-based compensation package.