Freeport-McMoRan director granted 327 shares
STEPHENS JOHN JOSEPH reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
STEPHENS JOHN JOSEPH reported acquisition or exercise transactions in this Form 4 filing.
Freeport-McMoRan Inc. director John Joseph Stephens received 327 shares of Common Stock as part of his annual board retainer, based on a prior election to take stock instead of cash at $62.89 per share. This is a compensation-related stock grant, not an open‑market purchase.
After this award, he holds 71,504 shares directly, and a separate filing line shows 45,000 shares held indirectly through a limited partnership. The amount reported as beneficially owned also includes 15,800 Common Stock Restricted Stock Units, which are share-based awards that settle in stock over time.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 327 shares
Grant/Award
2 txns
Insider
STEPHENS JOHN JOSEPH
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 327 | $62.89 | $21K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 71,504 shares (Direct);
Common Stock — 45,000 shares (Indirect, By LP)
Footnotes (2)
- 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.
- F2. Amount beneficially owned following the reported transaction includes 15,800 Common Stock Restricted Stock Units.
Key Figures
Stock grant size: 327 shares
Grant valuation price: $62.89 per share
Direct holdings after grant: 71,504 shares
+2 more
5 metrics
Stock grant size
327 shares
Director retainer grant of Common Stock
Grant valuation price
$62.89 per share
Value used for 327-share compensation grant
Direct holdings after grant
71,504 shares
Common Stock directly held following transaction
Indirect LP holdings
45,000 shares
Common Stock held indirectly through a limited partnership
Restricted Stock Units
15,800 RSUs
Common Stock RSUs included in beneficial ownership
Key Terms
annual retainer fee, Restricted Stock Units, beneficially owned, limited partnership
4 terms
annual retainer fee financial
"receive shares of common stock in lieu of cash for some or all of his annual retainer fee"
Restricted Stock Units financial
"beneficially owned following the reported transaction includes 15,800 Common Stock Restricted Stock Units"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
beneficially owned financial
"Amount beneficially owned following the reported transaction includes 15,800 Common Stock Restricted Stock Units"
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.
limited partnership financial
"45,000.0000 shares reported as indirectly owned with nature of ownership "By LP""
A limited partnership is a legal business structure with two types of partners: at least one general partner who runs the business and bears full legal responsibility, and one or more limited partners who contribute money, share profits, and have liability capped at their investment. For investors, it matters because it separates control from financial exposure — like putting money into a store without managing it — and affects how returns, risks, taxes and transferability of ownership are handled.
FAQ
What did John Joseph Stephens report in this Freeport-McMoRan (FCX) Form 4?
John Joseph Stephens reported receiving 327 shares of Freeport-McMoRan Common Stock as part of his annual director retainer. The shares were issued under a prior election to take stock instead of cash, making this a routine compensation grant rather than a market trade.
At what price was the Freeport-McMoRan (FCX) stock award to Stephens valued?
The 327-share stock award to Stephens was valued at $62.89 per share. This price is used to calculate the value of the compensation grant, reflecting the share value applied to his elected stock portion of the annual director retainer fee.
What are the 15,800 Freeport-McMoRan (FCX) Restricted Stock Units mentioned in the filing?
The filing notes that Stephens’ beneficially owned amount includes 15,800 Common Stock Restricted Stock Units. These RSUs are share-based awards that typically convert into Freeport-McMoRan Common Stock over time, adding to his equity exposure as they vest and settle in shares.
AI-generated analysis. How Rhea-AI works. Not financial advice.
