Kathleen L. Quirk - Feb 15, 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
Stock symbol
FCX
Transactions as of
Feb 15, 2022
Transactions value $
-$8,950,109
Form type
4
Date filed
2/17/2022, 04:45 PM
Previous filing
Feb 8, 2022
Next filing
May 17, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FCX Common Stock Tax liability -$1.21M -28.6K -1.79% $42.45 1.57M Feb 15, 2022 Direct F1
transaction FCX Common Stock Options Exercise $7.21M +380K +24.27% $18.98 1.95M Feb 16, 2022 Direct
transaction FCX Common Stock Tax liability -$11.4M -258K -13.27% $44.25 1.69M Feb 16, 2022 Direct F2
transaction FCX Common Stock Sale -$3.52M -80K -4.74% $44.02 1.61M Feb 16, 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 -380K -100% $0.00* 0 Feb 16, 2022 Common Stock 380K $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.