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

Filing Impact
(Very High)
Filing Sentiment
(Neutral)
Form Type
4

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.

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Negative

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Insider Higgins Stephen T.
Role EVP & CAO
Type Security Shares Price Value
Tax Withholding Common Stock 9,021 $62.84 $567K
holding Common Stock -- -- --
holding Common Stock -- -- --
Holdings After Transaction: Common Stock — 127,614 shares (Direct); Common Stock — 18,818 shares (Indirect, By Family Trust)
Footnotes (1)
  1. Shares withheld to cover the taxes due upon the vesting of 22,834 Common Stock Restricted Stock Units ("RSUs"). Amount beneficially owned includes 40,333 RSUs. Based on plan statement as of December 31, 2025.
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*
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.
* 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.

Source: View Original Filing on SEC EDGAR

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.