Freeport-McMoRan (NYSE: FCX) EVP sells shares through family trust

Rhea-AI Filing Summary

Freeport-McMoRan Inc. executive Stephen T. Higgins reported an indirect sale of company stock. On February 20, 2026, a family trust associated with him sold 29,654 shares of Freeport-McMoRan common stock in an open-market transaction at $63.00 per share.

After this sale, the trust held 76,445 shares. Separately, Higgins held 40,333 restricted stock units directly and 17,718 shares indirectly through a 401(k) plan, with the 401(k) balance based on a plan statement as of December 31, 2025.

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

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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^*

Higgins Stephen T.

(Last) (First) (Middle)

4340 E. COTTON CENTER BLVD.

SUITE 110

(Street)

PHOENIX AZ 85040

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
FREEPORT-MCMORAN INC [ FCX ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP & CAO

3. Date of Earliest Transaction (Month/Day/Year)
02/20/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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	02/20/2026		S		29,654	D	$63	76,445(1)	I	By Family Trust
Common Stock								40,333(1)(2)	D
Common Stock								17,718(3)	I	By 401(k)

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. Shares previously reported as directly held were transferred to a family trust and are now reported as indirectly held through the trust.

2. Represents 40,333 RSUs.

3. Based on plan statement as of December 31, 2025.

Remarks:

	Kelly C. Simoneaux, on behalf of Stephen T. Higgins pursuant to a power of attorney	02/24/2026
	** 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.

FAQ

What insider transaction did FCX executive Stephen T. Higgins report?

Stephen T. Higgins reported an indirect sale of 29,654 Freeport-McMoRan (FCX) shares at $63.00 per share. The transaction occurred on February 20, 2026 through a family trust in an open-market sale.

How many Freeport-McMoRan (FCX) shares did the family trust hold after the sale?

Following the sale, the family trust associated with Stephen T. Higgins held 76,445 FCX common shares. This reflects the remaining indirect ownership position reported after the 29,654-share open-market transaction on February 20, 2026.

What is Stephen T. Higgins’s direct equity position in Freeport-McMoRan (FCX)?

Stephen T. Higgins directly held 40,333 restricted stock units (RSUs) of Freeport-McMoRan. These RSUs represent a form of equity compensation rather than currently tradable common shares, as disclosed in the Form 4 filing.

How many Freeport-McMoRan (FCX) shares does Stephen T. Higgins hold via his 401(k)?

Higgins indirectly held 17,718 FCX shares through a 401(k) plan. This amount is based on a plan statement dated December 31, 2025, as noted in the filing footnotes.

In what capacity does Stephen T. Higgins serve at Freeport-McMoRan (FCX)?

Stephen T. Higgins serves as Executive Vice President and Chief Administrative Officer of Freeport-McMoRan Inc. His role as a senior officer makes his Form 4 insider transactions relevant for tracking executive share ownership.

Was the FCX insider transaction by Stephen T. Higgins a purchase or a sale?

The reported insider activity was a sale. A family trust associated with Stephen T. Higgins sold 29,654 FCX common shares in an open-market transaction at $63.00 per share on February 20, 2026.