Robertson Maree E. 4

What Happened

• Maree E. Robertson, EVP & Chief Financial Officer of Freeport‑McMoRan Inc. (FCX), reported two dispositions in a Form 4 covering activity on Feb 13–15, 2026. On 2026-02-13 she sold 48,500 shares in an open‑market transaction at a weighted average price of $61.55, generating approximately $2,985,175. On 2026-02-15 a further 10,354 shares were disposed to satisfy tax withholding associated with RSU vesting (i.e., shares were withheld rather than sold on the open market) at an average price reported as $62.84 (disposition value ≈ $650,645).

Key Details

• Transaction dates and prices:
  • 2026-02-13 — Open‑market sale (Code S): 48,500 shares; weighted avg price $61.55; proceeds ≈ $2,985,175. (Price range reported: $61.50–$61.66.)
  • 2026-02-15 — Tax withholding / payment of tax liability (Code F): 10,354 shares; price shown $62.84; value ≈ $650,645. Footnote clarifies the tax withholding covered vesting of 24,833 RSUs.
• Beneficial ownership: filing notes that the reported beneficial ownership includes 43,333 RSUs. (The filing excerpt provided does not list total post‑transaction share count.)
• Notable footnotes:
  • F1: Weighted average sale price; shares sold at varying prices in the $61.50–$61.66 range; reporting person will provide per‑price breakdown on request.
  • F2: 10,354 shares were withheld to cover taxes on RSU vesting (24,833 RSUs vested).
  • F3: Beneficial ownership includes 43,333 RSUs.
• Filing timeliness: The Form 4 was filed on 2026-02-18 for activity beginning 2026-02-13; this filing date falls within the Form 4 two‑business‑day reporting requirement (accounting for the Presidents’ Day holiday), so it appears timely.

Context

• The 48,500‑share open‑market sale is a standard insider sale (not a purchase), while the 10,354‑share disposition was a tax withholding related to RSU vesting (a routine administrative transaction, not an indication of trading intent).
• For retail investors: purchases by insiders often draw more attention than routine sales or tax‑withholding. These transactions are factual disclosures only and do not, by themselves, indicate management sentiment about the company’s prospects.