Mikes Ellie L. 4
4 · FREEPORT-MCMORAN INC · Filed Feb 18, 2026
Research Summary
AI-generated summary of this filing
Freeport‑McMoRan (FCX) Chief Accounting Officer Ellie L. Mikes Sells Shares
What Happened
Ellie L. Mikes, Chief Accounting Officer of Freeport‑McMoRan (FCX), had 4,988 shares withheld to cover taxes on RSU vesting (transaction value $313,446) and sold 11,000 shares in an open‑market sale for a weighted average price of $62.03 (total proceeds $682,345). Combined proceeds/withholding equal $995,791. The withholding relates to the vesting of 17,333 restricted stock units (RSUs).
Key Details
- Transactions:
- 2026-02-15: Tax withholding on RSU vesting — 4,988 shares withheld at $62.84 per share; reported value $313,446 (code F).
- 2026-02-18: Open‑market sale — 11,000 shares sold at a weighted average price of $62.03 per share; reported proceeds $682,345 (code S). Sales prices ranged $62.0300–$62.0501.
- Shares beneficially owned after the reported transactions include 36,000 RSUs (per filing).
- Footnotes: F1—shares withheld to cover taxes on vesting of 17,333 RSUs; F2—weighted average sale price and price range; Reporting Person will provide breakdown by price on request.
- Filing: Reported on 2026-02-18 (matches the latest transaction date in the filing).
Context
- The F (withholding) entry is a routine tax withholding tied to RSU vesting and does not represent a voluntary market sale of vested shares.
- The S (open‑market sale) is a standard disposition; sales can be for many reasons (liquidity, tax planning, diversification) and do not by themselves indicate management sentiment about the company’s outlook.
Insider Transaction Report
Form 4
Mikes Ellie L.
Chief Accounting Officer
Transactions
- Tax Payment
Common Stock
[F1]2026-02-15$62.84/sh−4,988$313,446→ 51,773 total - Sale
Common Stock
[F2][F3]2026-02-18$62.03/sh−11,000$682,345→ 40,773 total
Footnotes (3)
- [F1]Shares withheld to cover the taxes due upon the vesting of 17,333 Common Stock Restricted Stock Units ("RSUs").
- [F2]The price reported represents the weighted average price of the shares sold. Shares were sold at varying prices in the range of $62.0300 - $62.0501. The Reporting Person hereby undertakes, upon request of the Staff of the U.S. Securities and Exchange Commission, the Issuer or a security holder of the Issuer, to provide full information regarding the number of shares sold at each separate price.
- [F3]Amount beneficially owned following the reported transaction includes 36,000 RSUs.
Signature
Kelly C. Simoneaux on behalf of Ellie L. Mikes pursuant to a power of attorney|2026-02-18