Freeport-McMoRan (NYSE: FCX) EVP sells 7,550 shares via trust
Rhea-AI Filing Summary
Freeport-McMoRan EVP & CAO Stephen T. Higgins reported selling 7,550 shares of common stock on 2026-07-30 at $63.00 per share, in a transaction reported as an open-market or private sale by a family trust. The trust held 68,895 shares afterward, while Higgins also held 40,333 common stock restricted stock units and 17,761 indirect shares via a 401(k) plan based on a plan statement as of February 26, 2026. The transaction was not reported under a Rule 10b5-1 trading plan.
Positive
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Negative
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Insider Trade Summary
Net Seller: 7,550 shares
Net Sell
3 txns
Insider
Higgins Stephen T.
Role
EVP & CAO
Sold
7,550 shs ($476K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 7,550 | $63.00 | $476K |
| holding | Common Stock F1 | -- | -- | -- |
| holding | Common Stock F2 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 68,895 shares (Indirect, By Family Trust);
Common Stock — 40,333 shares (Direct);
Common Stock — 17,761 shares (Indirect, By 401(k))
Footnotes (2)
- F1. Represents 40,333 Common Stock Restricted Stock Units.
- F2. Based on plan statement as of February 26, 2026.
Key Figures
Shares sold: 7,550 shares
Sale price: $63.00 per share
Trust holdings after sale: 68,895 shares
+3 more
6 metrics
Shares sold
7,550 shares
Common stock sale on 2026-07-30 by family trust
Sale price
$63.00 per share
Price for 7,550 common shares sold on 2026-07-30
Trust holdings after sale
68,895 shares
Indirect family trust common stock position following the transaction
Restricted stock units
40,333 units
Common Stock Restricted Stock Units held directly by Stephen T. Higgins
401(k) plan shares
17,761 shares
Indirect holdings via 401(k) plan based on statement as of February 26, 2026
Transaction date
2026-07-30
Date of reported common stock sale
Key Terms
Restricted Stock Units, Family Trust, 401(k)
3 terms
Restricted Stock Units financial
"Represents 40,333 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.
Family Trust financial
"nature_of_ownership: By Family Trust"
401(k) financial
"nature_of_ownership: By 401(k)"
A 401(k) is a type of retirement savings plan offered by employers that allows workers to set aside a portion of their paycheck before taxes are taken out. The money saved in a 401(k) can grow over time through investments, helping individuals build funds for their future retirement. It matters to investors because it provides a tax-advantaged way to save and invest for long-term financial security.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Freeport-McMoRan (FCX) report for Stephen T. Higgins?
Freeport-McMoRan EVP & CAO Stephen T. Higgins reported selling 7,550 shares of common stock at $63.00 per share on 2026-07-30. The sale was executed indirectly through a family trust, classified as an open-market or private transaction.
Was the Freeport-McMoRan (FCX) insider sale by Higgins under a Rule 10b5-1 plan?
The filing indicates the sale was not made under a Rule 10b5-1 trading plan. The document-level checkbox affirming Rule 10b5-1 status was marked false, and no footnote states the transaction was executed pursuant to such a pre-arranged plan.
What do the 40,333 units reported for Freeport-McMoRan (FCX) represent?
The 40,333 units reported for Stephen T. Higgins represent Common Stock Restricted Stock Units. These RSUs are shown as a direct holding and are separate from his indirect family trust shares and the 17,761 shares reported through a 401(k) plan.
How are Stephen T. Higgins’ Freeport-McMoRan (FCX) holdings structured?
Higgins’ reported holdings include 68,895 shares indirectly via a family trust, 40,333 common stock restricted stock units held directly, and 17,761 indirect shares through a 401(k) plan, with the 401(k) balance based on a statement dated February 26, 2026.