Freeport-McMoRan (FCX) EVP covers RSU taxes with share disposal

Rhea-AI Filing Summary

Freeport-McMoRan EVP & CAO Stephen T. Higgins reported a tax-related share disposal. On the RSU vesting date, 9,021 shares of common stock were withheld at $62.84 per share to cover taxes on 22,834 vested restricted stock units. After this tax-withholding disposition, he directly owned 127,614 common shares, with additional indirect holdings of 18,818 shares through a family trust and 17,718 shares through a 401(k) plan. Footnotes state his beneficial ownership also includes 40,333 restricted stock units.

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)
02/15/2026

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	02/15/2026		F(1)		9,021	D	$62.84	127,614(2)	D
Common Stock								18,818	I	By Family Trust
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 withheld to cover the taxes due upon the vesting of 22,834 Common Stock Restricted Stock Units ("RSUs").

2. Amount beneficially owned includes 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	02/18/2026
	** 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 transaction did FCX executive Stephen T. Higgins report on this Form 4?

Stephen T. Higgins, EVP & CAO of Freeport-McMoRan (FCX), reported a tax-withholding disposition. The company withheld 9,021 common shares on the RSU vesting date to cover taxes due on 22,834 vested restricted stock units, rather than an open-market sale.

How many Freeport-McMoRan (FCX) shares were withheld and at what price?

The filing shows 9,021 FCX common shares were withheld at a price of $62.84 per share. These shares were used to satisfy tax obligations arising from the vesting of restricted stock units, not from a discretionary market trade.

What are Stephen T. Higgins’ direct Freeport-McMoRan share holdings after this transaction?

After the tax-withholding disposition, Stephen T. Higgins directly owned 127,614 Freeport-McMoRan common shares. This figure reflects his direct ownership immediately following the RSU vesting and associated share withholding to cover taxes.

What indirect Freeport-McMoRan (FCX) holdings does Stephen T. Higgins report?

In addition to direct shares, Higgins reports indirect ownership of 18,818 FCX shares through a family trust and 17,718 FCX shares through a 401(k) plan, as of the transaction date disclosed.

How many restricted stock units (RSUs) are included in Stephen T. Higgins’ beneficial ownership at FCX?

A footnote states that his beneficial ownership includes 40,333 restricted stock units (RSUs). These RSUs represent additional equity-based compensation that may convert into Freeport-McMoRan common shares under their respective vesting terms.

Was the Form 4 transaction for FCX an open-market sale by Stephen T. Higgins?

No. The Form 4 describes a tax-withholding disposition coded “F,” where 9,021 shares were retained by the issuer to cover taxes on RSU vesting, rather than an open-market sale initiated by Higgins.