QUIRK KATHLEEN L 4

What Happened

• Freeport-McMoRan (FCX) President & CEO Kathleen L. Quirk received equity compensation on Feb 9, 2026: 47,000 restricted stock units (RSUs) and 132,500 shares from vested performance share units (PSUs). These awards were reported as acquisitions (code A).
• To satisfy tax withholding on the vested PSUs, 52,979 shares were surrendered/disposed at $60.67 per share, generating about $3,214,236 (code F). The filing also notes an additional PSU grant on Feb 9, 2026 that will vest (if at all) based on three-year performance through Dec 31, 2028 and will be reported if/when it vests.
• These transactions are compensation-related awards and routine tax withholding rather than open-market purchases or planned sales.

Key Details

• Transaction date: Feb 9, 2026. Filing date: Feb 11, 2026 (timely).
• Awards: 47,000 RSUs (F1) and 132,500 shares from PSUs that vested (F2). Total newly acquired shares reported = 179,500.
• Tax withholding: 52,979 shares withheld/disposed at $60.67/share for ~$3,214,236 (F3).
• Shares owned after transaction: Form notes beneficial ownership includes 195,166 RSUs (F4); total common shares outstanding owned by the reporting person is not fully detailed in the filing.
• Transaction codes: A = award/acquisition; F = tax withholding/covering tax liability.
• No indication this filing was late.

Context

• These were compensation awards (RSUs/PSUs). The sale of 52,979 shares was a tax-withholding action — a standard, administrative step that does not necessarily signal a change in insider sentiment.
• PSUs are performance-based: the newly granted PSUs will vest based on the issuer’s average return on investment and relative total shareholder return over the three-year performance period ending Dec 31, 2028.