Form 4: FCX Executive Maree Robertson Reports Equity Awards

Freeport-McMoRan EVP & CFO Maree E. Robertson reported the grant of Restricted Stock Units and the vesting of Performance Share Units, along with shares withheld for taxes.

Summary

• Maree E. Robertson, EVP & CFO of Freeport-McMoRan Inc. (FCX), reported changes in her beneficial ownership of common stock.
• On February 10, 2026, Robertson received a grant of 17,000 Restricted Stock Units (RSUs).
• On February 9, 2026, 26,875 shares were acquired through the vesting of Performance Share Units (PSUs) originally granted on February 7, 2023.
• On February 10, 2026, 8,700 shares were withheld at a price of $60.67 per share to cover taxes due upon the vesting of PSUs.
• Following these transactions, Robertson beneficially owns 128,394 shares of common stock, which includes 68,166 RSUs.
• An additional grant of PSUs was received on February 9, 2026, with vesting contingent on the Issuer's average return on investment and relative Total Shareholder Return (TSR) over a performance period ending December 31, 2028.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a moderately positive development, reflecting ongoing executive retention and alignment of interests through equity compensation, with the vesting of PSUs indicating past performance achievements.

Positives

• The EVP & CFO received a grant of 17,000 Restricted Stock Units, aligning her interests with long-term shareholder value.
• 26,875 Performance Share Units vested, indicating that previously set performance targets were met.
• A new grant of Performance Share Units was issued, demonstrating continued executive incentive and retention.

Negatives

• 8,700 shares were disposed of at $60.67 per share to cover tax obligations arising from the vesting of PSUs, which is a standard practice but reduces direct beneficial ownership.

Risks

• The vesting of the newly granted Performance Share Units is contingent on the Issuer's average return on investment and relative Total Shareholder Return (TSR) over a three-year performance period ending December 31, 2028, introducing performance-based risk.

Future Outlook

The reporting person received a new grant of Performance Share Units on February 9, 2026, which will vest based on Freeport-McMoRan's average return on investment and relative Total Shareholder Return (TSR) over a three-year performance period concluding on December 31, 2028.

Management Comments

• Shares acquired through the vesting of performance share units ('PSUs') granted on February 7, 2023.
• Shares withheld to cover the taxes due upon the vesting of PSUs.
• Vesting of the PSUs will be determined by the Issuer's average return on investment and relative TSR over the three-year performance period ending December 31, 2028.

Industry Context

StockSavvy.ai notes that the grant and vesting of equity awards for a key executive like the EVP & CFO are standard practices in the mining industry, aiming to align management incentives with long-term shareholder value. The performance metrics tied to the new PSU grant (ROI and relative TSR) are common in capital-intensive sectors like mining, reflecting a focus on both operational efficiency and market performance.

Related Party Transactions

• The transactions involve equity awards granted by Freeport-McMoRan Inc. to its Executive Vice President and Chief Financial Officer, Maree E. Robertson, which are considered related party transactions in the context of executive compensation.

Stakeholder Impact

• Shareholders: The equity awards align the interests of a key executive with shareholder value creation, potentially encouraging long-term performance.
• Employees: Executive compensation practices can influence overall company morale and compensation structures.

Next Steps

• The newly granted Performance Share Units will be reflected on a future Form 4 if and when they vest.
• Vesting of these PSUs will be determined by the Issuer's average return on investment and relative Total Shareholder Return (TSR) over the three-year performance period ending December 31, 2028.

Key Dates

Keywords

Freeport-McMoRan, FCX, SEC Form 4, Insider Trading, Executive Compensation, Restricted Stock Units, Performance Share Units, Equity Awards, Maree Robertson, CFO