Freeport-McMoRan (NYSE: FCX) EVP reports stock awards and tax share withholding

Rhea-AI Filing Summary

Freeport-McMoRan Inc. executive Stephen T. Higgins, EVP & CAO, reported equity compensation and related tax withholding transactions in company stock. On February 9, 2026, he acquired 15,500 shares of common stock through a grant of restricted stock units and 23,125 shares through the vesting of performance share units, both at $0 per share.

On the same date, 7,284 shares were disposed of at $60.67 per share to cover taxes due on the PSU vesting. After these transactions, he directly beneficially owned 136,635 shares, which include 63,167 restricted stock units, and also had indirect holdings of 18,818 shares through a family trust and 17,718 shares through a 401(k) plan. The filing notes that he also received a new PSU grant on February 9, 2026, which will be reported if and when those units vest.

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)
02/09/2026

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	02/09/2026		A(1)		15,500	A	$0	120,794	D
Common Stock	02/09/2026		A(2)		23,125	A	$0	143,919	D
Common Stock	02/09/2026		F(3)		7,284	D	$60.67	136,635(4)	D
Common Stock								18,818	I	By Family Trust
Common Stock								17,718(5)	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. Represents a grant of Common Stock Restricted Stock Units ("RSUs").

2. Shares acquired through the vesting of performance share units ("PSUs") granted on February 7, 2023.

3. Shares withheld to cover the taxes due upon the vesting of PSUs.

4. Amount beneficially owned includes 63,167 RSUs.

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

Remarks:

In addition to the awards reported herein, on February 9, 2026, the Reporting Person also received a grant of PSUs, which will be reflected on a Form 4 if and when such units vest. Vesting of the PSUs will be determined by the Issuer's average return on investment and relative TSR over the three-year performance period ending December 31, 2028.

	Kelly C. Simoneaux, on behalf of Stephen T. Higgins pursuant to a power of attorney	02/11/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

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

Stephen T. Higgins reported equity awards and related tax withholding. He received a 15,500-share RSU grant and 23,125 shares from PSU vesting, and 7,284 shares were withheld at $60.67 each to cover tax obligations on the vested PSUs.

How many Freeport-McMoRan (FCX) shares does Stephen T. Higgins beneficially own after these transactions?

After the reported transactions, Stephen T. Higgins directly beneficially owns 136,635 FCX common shares, including 63,167 restricted stock units, plus 18,818 shares held indirectly through a family trust and 17,718 shares held indirectly through a 401(k) retirement plan.

Were the FCX insider acquisitions by Stephen T. Higgins open-market purchases?

The acquisitions were not open-market purchases. They reflect a 15,500-share grant of restricted stock units and 23,125 shares from performance share unit vesting, both at $0 per share as part of his equity compensation from Freeport-McMoRan.

Why were 7,284 FCX shares disposed of in Stephen T. Higgins’ Form 4 filing?

The 7,284 FCX shares were disposed of to satisfy tax withholding obligations. These shares, valued at $60.67 each, were withheld in connection with the vesting of previously granted performance share units to cover the resulting tax liability.

What indirect Freeport-McMoRan holdings are reported for Stephen T. Higgins?

Stephen T. Higgins reports indirect ownership of FCX shares through two vehicles. He holds 18,818 shares via a family trust and 17,718 shares through a 401(k) plan, based on a plan statement dated December 31, 2025, in addition to his direct holdings.

Did Stephen T. Higgins receive new performance share units from Freeport-McMoRan?

Yes. The filing notes that on February 9, 2026, Stephen T. Higgins received a new grant of performance share units, with vesting tied to average return on investment and relative total shareholder return over a three-year period ending December 31, 2028.