Robertson Maree E. 4

What Happened Maree E. Robertson, Executive Vice President & CFO of Freeport-McMoRan (FCX), was granted/received a total of 43,875 shares through equity awards and vesting on Feb 9–10, 2026 (26,875 shares from vested PSUs and 17,000 RSUs). To cover tax withholding on the vested PSUs, 8,700 shares were withheld/disposed at $60.67 per share, generating proceeds of $527,829. The awards themselves were recorded at $0.00 per share because they are equity awards (RSUs/PSUs), not open-market purchases.

Key Details

• Transaction types: A = Award/Grant (26,875 PSUs vested on 2026-02-09; 17,000 RSUs granted on 2026-02-10); F = Shares withheld for taxes (8,700 shares on 2026-02-10).
• Prices/values: Awards recorded at $0.00; tax-withheld shares disposed at $60.67 each for $527,829 total.
• Shares after transaction: Filing notes amount beneficially owned includes 68,166 RSUs (total beneficial ownership not fully enumerated in the provided summary).
• Footnotes: F1 = grant of RSUs; F2 = shares from vesting of PSUs granted Feb 7, 2023; F3 = shares withheld to cover taxes on vesting; F4 = beneficial ownership note.
• Timeliness: Form filed Feb 11, 2026 reporting transactions on Feb 9–10, 2026 — filed within the standard two-business-day window (not marked late).
• Remark: On Feb 9, 2026 Robertson also received a grant of additional PSUs that will vest only if performance targets (average return on investment and relative TSR) are met through Dec 31, 2028; those units will be reported if and when they vest.

Context

• RSUs (restricted stock units) are awards that convert to shares at vesting; PSUs (performance share units) vest based on performance targets. The 26,875 shares were from PSUs that vested; the 17,000 were RSU awards.
• The 8,700-share disposition was a tax-withholding event (routine cashless withholding), not an open-market sale intended as a liquidity or sentiment signal.