Higgins Stephen T. 4

What Happened
Stephen T. Higgins, EVP & Chief Accounting Officer of Freeport‑McMoRan (FCX), had 9,021 shares withheld to satisfy tax withholding related to the vesting of restricted stock units (RSUs). The withheld shares were valued at $62.84 each for a total of $566,880. According to the filing, 22,834 RSUs vested and 9,021 shares were withheld to cover the resulting tax liability, leaving a net issuance of 13,813 shares to Mr. Higgins.

Key Details

• Transaction date: 2026-02-15; filing date: 2026-02-18 (three calendar days later). Form 4s are generally due within two business days; this filing was three calendar days after the transaction.
• Price/amount: 9,021 shares withheld at $62.84 per share = $566,880 (code F — tax withholding).
• RSU activity: 22,834 RSUs vested; 9,021 shares were withheld to cover taxes; net shares delivered = 13,813.
• Beneficial ownership note: The filing states the amount beneficially owned includes 40,333 RSUs (footnote). Footnote also cites plan statement as of Dec 31, 2025.
• Nature of transaction: Tax withholding on RSU vesting (routine corporate/compensation action), not an open‑market sale or indicative purchase.

Context
Withholding shares to cover taxes on vested RSUs is a common, administrative disposition and does not necessarily reflect the insider’s view of the stock. For retail investors, outright purchases by insiders tend to be more informative about insider sentiment than routine withholding or other compensation-related actions.