Is the 327-share Freeport-McMoRan (FCX) grant to Stephens an open-market purchase?

The 327-share grant is not an open-market purchase; it is a compensation-related award. Stephens previously elected to receive shares of Common Stock instead of cash for part of his annual director retainer, so the shares were issued directly as part of that program.

Freeport-McMoRan (FCX) director takes 327-share stock retainer grant

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

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.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider STEPHENS JOHN JOSEPH

Role null

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, null); Common Stock — 45,000 shares (Indirect, By LP)

Footnotes (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 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.

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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 - 05:37 PM

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)

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	07/01/2026		A⁽¹⁾		327	A	$62.89	71,504⁽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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

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 15,800 Common Stock Restricted Stock Units.

Remarks:

	Kelly C. Simoneaux on behalf of John J. Stephens 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)

Source: View Original Filing on SEC EDGAR

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.

How many Freeport-McMoRan (FCX) shares does Stephens hold after this transaction?

After this transaction, Stephens directly holds 71,504 shares of Freeport-McMoRan Common Stock. A separate filing entry shows 45,000 additional shares held indirectly through a limited partnership, and his reported beneficial ownership also includes 15,800 Common Stock Restricted Stock Units.

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.