Form 4: Freeport-McMoRan EVP Stephen T. Higgins Reports Stock Transactions

Stephen T. Higgins, EVP & CAO of Freeport-McMoRan, reports the withholding of shares to cover taxes upon vesting of restricted stock units.

Summary

• Stephen T. Higgins, an Executive Vice President and CAO at Freeport-McMoRan Inc. (FCX), filed a Form 4.
• The filing reports a transaction on February 15, 2025, where shares of common stock were withheld to cover taxes due upon the vesting of 20,333 Common Stock Restricted Stock Units (RSUs).
• A total of 6,151 shares were withheld at a price of $39.47.
• Following the transaction, Higgins directly owns 133,717 shares of common stock, including 47,667 RSUs.
• Higgins also indirectly owns 18,818 shares through a family trust and 17,446 shares through a 401(k) plan.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment about the company's performance or future prospects.

Industry Context

This filing is a routine disclosure of insider transactions, which are 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 shareholders, as it involves the withholding of shares for tax purposes related to executive compensation.
• The filing provides transparency to stakeholders regarding executive stock ownership.

Key Dates

Keywords

Form 4, Freeport-McMoRan, FCX, Stephen T. Higgins, Beneficial Ownership, Restricted Stock Units, RSUs, Insider Trading