Form 4: Freeport-McMoRan CEO Kathleen Quirk Reports Stock Transaction
SEC Form 4 Filing
Kathleen Quirk, President & CEO of Freeport-McMoRan, reports the disposal of shares to cover taxes upon vesting of restricted stock units.
Summary
- On February 15, 2025, Kathleen L. Quirk, President & CEO of Freeport-McMoRan Inc. (FCX), disposed of 26,927 shares of common stock to cover taxes due upon the vesting of restricted stock units (RSUs).
- The transaction was executed at a price of $39.47 per share.
- Following the transaction, Quirk beneficially owns 2,152,966 shares, which includes 148,166 RSUs.
Sentiment
Score: 5
Explanation: This is a neutral reporting of a routine stock transaction related to executive compensation. It doesn't inherently indicate positive or negative sentiment about the company's performance.
Industry Context
This is a routine disclosure of an insider transaction, which is common for executives receiving stock-based compensation. It provides transparency into the executive's holdings and transactions in the company's stock.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it is a routine sale of shares to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 02/15/2025 | Date of stock transaction (disposal of shares). |
| 02/19/2025 | Date of signature on the report. |
Keywords
Freeport-McMoRan, FCX, Kathleen Quirk, Stock Transaction, Form 4, Beneficial Ownership, Restricted Stock Units, RSUs, Insider Trading
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