Freeport-McMoRan (NYSE: FCX) director takes 350-share equity grant in lieu of cash

Rhea-AI Filing Summary

FREEPORT-MCMORAN INC director John Joseph Stephens received 350 shares of common stock as a grant-award. The shares were acquired at an indicated price of $58.78 per share under his prior election to take common stock instead of cash for part of his annual retainer fee.

Following this award, he holds 68,377 shares directly and 45,000 shares indirectly through a limited partnership. The amount beneficially owned after the transaction also includes 17,900 common stock restricted stock units, which are another form of equity-based compensation.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider STEPHENS JOHN JOSEPH

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	350	$58.78	$21K
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 68,377 shares (Direct); Common Stock — 45,000 shares (Indirect, By LP)

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 17,900 Common Stock Restricted Stock Units.

Key Figures

Shares granted: 350 shares Grant price: $58.78 per share Direct holdings after transaction: 68,377 shares +3 more

6 metrics

Shares granted 350 shares Director stock in lieu of cash retainer

Grant price $58.78 per share Indicated price for 350-share award

Direct holdings after transaction 68,377 shares Common stock directly owned post-grant

Indirect holdings 45,000 shares Common stock held indirectly "By LP"

Restricted Stock Units 17,900 RSUs Included in beneficial ownership after transaction

Acquire-type transactions 1 transaction Grant, award, or other acquisition on Form 4

Key Terms

Restricted Stock Units, annual retainer fee, beneficially owned, indirect ownership, +1 more

5 terms

Restricted Stock Units financial

"includes 17,900 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.

annual retainer fee financial

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

beneficially owned financial

"Amount beneficially owned following the reported transaction includes 17,900"

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.

indirect ownership financial

"total_shares_following_transaction": "45000.0000", "direct_or_indirect": "I""

limited partnership (LP) financial

""direct_or_indirect": "I", "nature_of_ownership": "By LP""

Form 4 Insider Transactions: What Each Field Means →

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)
04/01/2026

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	04/01/2026		A(1)		350	A	$58.78	68,377(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)
				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 17,900 Common Stock Restricted Stock Units.

Remarks:

	Kelly C. Simoneaux on behalf of John J. Stephens pursuant to a power of attorney	04/01/2026
	** 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 FCX director John Joseph Stephens report?

Director John Joseph Stephens reported receiving 350 shares of Freeport-McMoRan common stock as a grant-award. The shares were issued under his prior election to receive stock instead of cash for part of his annual director retainer fee, reflecting routine equity compensation.

At what price were the 350 FCX shares attributed in the Form 4 filing?

The 350 Freeport-McMoRan shares were attributed at $58.78 per share in the Form 4. This figure reflects the indicated price used for reporting the stock grant that replaced a portion of Stephens’ annual cash retainer as a director.

How many FCX shares does John Joseph Stephens hold directly after this transaction?

After the reported grant, John Joseph Stephens holds 68,377 Freeport-McMoRan common shares directly. This direct holding figure comes from the Form 4 and reflects his ownership position immediately following the 350-share award on the transaction date.

What indirect FCX ownership does John Joseph Stephens report through a limited partnership?

The filing shows Stephens with 45,000 Freeport-McMoRan common shares held indirectly, noted as “By LP.” This indicates beneficial ownership through a limited partnership structure, separate from his directly held shares, and is reported as indirect ownership on the Form 4.

How many restricted stock units does John Joseph Stephens beneficially own at FCX?

The Form 4 footnote states Stephens’ beneficially owned amount includes 17,900 common stock restricted stock units. These RSUs represent additional equity-based compensation that can convert into Freeport-McMoRan shares under specified vesting and settlement conditions defined by the company’s plans.

Was this FCX Form 4 transaction an open-market purchase or compensation grant?

This transaction was a compensation-related grant, not an open-market purchase. The 350 shares were acquired under Stephens’ previous election to receive common stock in lieu of cash for some or all of his annual retainer fee as a director.