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FREEPORT-MCMORAN INC·4

Feb 18, 5:45 PM ET

Mikes Ellie L. 4

Research Summary

AI-generated summary

Updated

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.