Kathleen L. Quirk - 15 Feb 2022 Form 4 Insider Report for FREEPORT-MCMORAN INC (FCX)

Role
President and CFO
Signature
Kelly C. Simoneaux, on behalf of Kathleen L. Quirk pursuant to a power of attorney
Issuer symbol
FCX
Transactions as of
15 Feb 2022
Net transactions value
-$8,950,109
Form type
4
Filing time
17 Feb 2022, 16:45:22 UTC
Previous filing
08 Feb 2022
Next filing
17 May 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FCX Common Stock Tax liability $1,213,858 -28,595 -1.8% $42.45 1,565,525 15 Feb 2022 Direct F1
transaction FCX Common Stock Options Exercise $7,212,400 +380,000 +24% $18.98 1,945,525 16 Feb 2022 Direct
transaction FCX Common Stock Tax liability $11,426,987 -258,237 -13% $44.25 1,687,288 16 Feb 2022 Direct F2
transaction FCX Common Stock Sale $3,521,664 -80,000 -4.7% $44.02 1,607,288 16 Feb 2022 Direct F3, F4

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 -380,000 -100% $0.000000* 0 16 Feb 2022 Common Stock 380,000 $18.98 Direct 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 68,833 Common Stock Restricted Stock Units ("RSUs").
F2 Shares delivered and withheld in payment of the exercise price of options and resulting taxes.
F3 The price reported represents the weighted average price of the shares sold. Shares were sold at varying prices in the range of $44.0000 - $44.0900. 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.
F4 Amount beneficially owned includes 121,000 RSUs.
F5 25% exercisable on the date indicated and 25% exercisable on each of the next three anniversaries thereof.