Currault Douglas N. II 4

What Happened

Douglas N. Currault II, EVP & General Counsel of Freeport-McMoRan (FCX), had 8,165 shares withheld (disposed) to cover tax obligations resulting from the vesting of RSUs. The withholding was recorded on 2026-02-15 at an effective price of $62.84 per share, for a notional value of approximately $513,089. This is a routine tax-withholding event (transaction code F), not a discretionary open-market sale.

Key Details

• Transaction date: 2026-02-15; filed on form: 2026-02-18.
• Withheld/disposed: 8,165 shares at $62.84 per share — total ~$513,089.
• Transaction code: F (shares withheld to cover taxes upon vesting).
• Footnote F1: Shares were withheld to cover taxes due on the vesting of 20,667 RSUs.
• Footnote F2: The reported beneficial ownership includes 36,499 RSUs.
• Filing timeliness: form filed within days after the transaction (no late-filing flag noted in the report).

Context

This was a cashless tax-withholding related to RSU vesting (company retains/surrenders shares to satisfy taxes), which is a common administrative transaction and does not necessarily signal insider buying or selling intent. For retail investors, purchases by insiders are typically more informative about conviction than routine tax withholding.