Stephen T. Higgins - Feb 15, 2022 Form 4 Insider Report for FREEPORT-MCMORAN INC (FCX)

Role
Senior VP & CAO
Signature
Kelly C. Simoneaux, on behalf of Stephen T. Higgins pursuant to a power of attorney
Stock symbol
FCX
Transactions as of
Feb 15, 2022
Transactions value $
-$884,743
Form type
4
Date filed
2/17/2022, 04:44 PM
Previous filing
Feb 8, 2022
Next filing
Feb 9, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FCX Common Stock Tax liability -$672K -15.8K -17.9% $42.45 72.7K Feb 15, 2022 Direct F1
transaction FCX Common Stock Options Exercise +5K +6.88% 77.7K Feb 15, 2022 Direct F2
transaction FCX Common Stock Disposed to Issuer -$212K -5K -6.44% $42.45 72.7K Feb 15, 2022 Direct F3
holding FCX Common Stock 16.7K Feb 15, 2022 By 401(k) F4
holding FCX Common Stock 18.8K Feb 15, 2022 By Family Trust

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 Restricted Stock Units (cash-settled) Options Exercise -5K -50% 5K Feb 15, 2022 Common Stock 5K Direct F2, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares withheld to cover the taxes due upon the vesting of 45,000 Common Stock Restricted Stock Units ("RSUs").
F2 Represents the vesting of cash-settled restricted stock units, the value of which is equivalent to the closing price of FCX common stock on the business day immediately preceding the vesting date.
F3 Amount beneficially owned includes 43,500 stock-settled RSUs.
F4 Based on plan statement as of December 31, 2021.
F5 The remaining 5,000 cash-settled restricted stock units will vest on February 15, 2023.