STEPHENS JOHN JOSEPH 4

What Happened

• John J. Stephens, a director of Freeport‑McMoRan Inc. (FCX), was issued 350 shares on April 1, 2026. The shares were recorded at $58.78 each, for a total value of approximately $20,573. This transaction is coded as an award/grant (A), reflecting compensation rather than an open‑market purchase.

Key Details

• Transaction date and filing period: 2026-04-01
• Transaction type/code: Award/Grant (A) — shares issued as compensation
• Amount: 350 shares at $58.78 per share; total value ≈ $20,573
• Shares owned after transaction: the filing notes that the amount beneficially owned following the transaction includes 17,900 restricted stock units (RSUs)
• Footnotes: F1 — shares were acquired pursuant to the reporting person’s election to receive common stock instead of cash for some or all of his annual retainer; F2 — beneficial ownership figure includes 17,900 RSUs
• Timeliness: transaction date and report period are the same (filed for 2026-04-01), indicating a timely filing

Context

• This is a routine director compensation election (stock in lieu of cash). Such awards are common and do not necessarily signal a personal buy/sell decision in the market. The size is modest (~$20.6k) compared with typical institutional trades; it increases insider exposure to company stock but should be interpreted as compensation-related rather than a direct endorsement or divestment.