Richard C. Adkerson - Apr 29, 2024 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
Apr 29, 2024
Transactions value $
-$16,186,763
Form type
4
Date filed
5/1/2024, 05:36 PM
Previous filing
Feb 16, 2024
Next filing
May 7, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FCX Common Stock Options Exercise $11M +580K +15.88% $18.98 4.23M Apr 29, 2024 Direct
transaction FCX Common Stock Tax liability -$18.6M -356K -8.4% $52.41 3.88M Apr 29, 2024 Direct F1
transaction FCX Common Stock Sale -$8.56M -169K -4.37% $50.56 3.71M Apr 30, 2024 Direct F2, F4
holding FCX Common Stock 192K Apr 29, 2024 By IRA
holding FCX Common Stock 1.62M Apr 29, 2024 Through GRATs

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 -580K -100% $0.00* 0 Apr 29, 2024 Common Stock 580K $18.98 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares delivered and withheld in payment of the exercise price of options and resulting taxes.
F2 Amount beneficially owned includes 1,149,333 RSUs, 1,000,000 of which are vested but deferred.
F3 25% exercisable on the date indicated and 25% exercisable on each of the three anniversaries thereof.
F4 The price reported represents the weighted average price of the shares sold. Shares were sold at varying prices in the range of $50.2500 - $50.9700. 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.