Richard C. Adkerson - Jan 10, 2023 Form 4 Insider Report for FREEPORT-MCMORAN INC (FCX)

Role
Chairman of the Board & CEO, Director
Signature
Kelly C. Simoneaux, on behalf of Richard C. Adkerson pursuant to a power of attorney
Stock symbol
FCX
Transactions as of
Jan 10, 2023
Transactions value $
-$1,567,764
Form type
4
Date filed
1/12/2023, 05:06 PM
Previous filing
Feb 17, 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 Gift $0 -188K -11.31% $0.00 1.47M Mar 5, 2022 Through GRATs F1
transaction FCX Common Stock Gift $0 -56.5K -3.84% $0.00 1.42M Aug 19, 2022 Through GRATs
transaction FCX Common Stock Options Exercise $15.8M +450K +16.41% $35.01 3.19M Jan 10, 2023 Direct F1, F2
transaction FCX Common Stock Tax liability -$17.3M -387K -12.13% $44.71 2.81M Jan 10, 2023 Direct F2, F3
holding FCX Common Stock 192K Jan 10, 2023 By IRA

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 -450K -100% $0.00* 0 Jan 10, 2023 Common Stock 450K $35.01 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Since the date of Mr. Adkerson's last Form 4 reporting holdings in Table 1, 646,058 shares of the Issuer's Common Stock previously reported as directly held are now reflected as indirectly held through GRATs.
F2 Amount beneficially owned includes 1,106,333 Common Stock Restricted Stock Units, 1,000,000 of which are vested but deferred.
F3 Shares delivered and withheld in payment of the exercise price of options and resulting taxes.
F4 25% exercisable on the date indicated and 25% exercisable on each of the three anniversaries thereof.