Kathleen L. Quirk - Feb 4, 2022 Form 4 Insider Report for FREEPORT-MCMORAN INC (FCX)

Role
EVP and CFO
Signature
Kelly C. Simoneaux, on behalf of Kathleen L. Quirk pursuant to a power of attorney
Stock symbol
FCX
Transactions as of
Feb 4, 2022
Transactions value $
-$7,365,836
Form type
4
Date filed
2/8/2022, 05:48 PM
Previous filing
Dec 17, 2021
Next filing
Feb 17, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FCX Common Stock Options Exercise $975K +40.5K +3.12% $24.08 1.34M Feb 4, 2022 Direct
transaction FCX Common Stock Sale -$1.56M -40.5K -3.02% $38.55 1.3M Feb 4, 2022 Direct F1
transaction FCX Common Stock Award $0 +67K +5.15% $0.00 1.37M Feb 7, 2022 Direct F2
transaction FCX Common Stock Award $0 +404K +29.53% $0.00 1.77M Feb 7, 2022 Direct F3
transaction FCX Common Stock Tax liability -$6.78M -176K -9.97% $38.42 1.59M Feb 7, 2022 Direct F4, F5

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction FCX Options (Right to Buy) Options Exercise $0 -16.2K -100% $0.00* 0 Feb 4, 2022 Common Stock 16.2K $24.08 Direct F6
transaction FCX Options (Right to Buy) Options Exercise $0 -24.3K -100% $0.00* 0 Feb 4, 2022 Common Stock 24.3K $24.08 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reported represents the weighted average price of the shares sold. Shares were sold at varying prices in the range of $38.5000 - $38.6650. The Reporting Person hereby undertakes, upon request of the Staff of the U.S. Securities and Exchange Commission, the issuer or a security holder of the issuer, to provide full information regarding the number of shares sold at each separate price.
F2 Represents a grant of time-vested Common Stock Restricted Stock Units ("RSUs").
F3 Shares acquired through the vesting of performance share units ("PSUs") granted on February 5, 2019.
F4 Shares withheld to cover the taxes due upon the vesting of PSUs.
F5 Amount beneficially owned includes 189,833 RSUs.
F6 25% exercisable on the date indicated and 25% exercisable on each of the next three anniversaries thereof.

Remarks:

In addition to the awards reported herein, on February 7, 2022, 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, 2024.