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FCXFreeport-McMoRan · Insider ownership research

Freeport-McMoRan insiders sold $46.0M in the past 12 months. How much of their stake is that?

About 7.0% overall. As a group they still hold 98% of their starting shares.

Updated Oct 9, 2026 from SEC filings · covers Oct 10, 2025 to Oct 9, 2026
How this comparesMore of their stake sold than at 256 of the 416 other companies we can measure (#161 of 417)See ranking
0
buyers among officers and directors, past 12 months
0%
of sales were under disclosed trading plans, past 12 months
6 of 16
officers and directors sold shares, past 12 months
Recent activity · past 30 days, Sep 10, 2026 to Oct 9, 2026

No officer or director trades were reported for the past 30 days. The most recent before that:

Aug 27, 2026Lydia Kennard sold 3.8K shares ($300K) with no plan disclosed. That is 3.1% of the total stake held that day.
WhoSharesPrice% of total stakeTotal stake afterTrade dateFiled
Lydia Kennard
Director
3,798$79.113.1%118KAug 27, 2026Aug 28, 2026

"% of total stake" is the shares in this event against all the vested shares the person held that day, across every share class and holding entity, after that day's vesting. "n/a" means the person's holdings don't reconcile, or the row is a purchase. "Holdings record incomplete" means more shares were sold than the filings show the person held that day, so a percentage would be wrong.

Is this normal? In line with the past 5 years. 6 insiders sold; the average is 3 a year. Year by year
Latest filing: Filed Oct 1 for a stock award on Oct 1. Hugh Grant received an award of 482 shares. Filing
39 SEC ownership filings in the period · See the evidence

What stands out

Stephen Higgins sold 65% of vested holdings: 80K shares for $4.7M, none under a disclosed plan.Largest sale, Feb 20, 2026
Four officers sold $41.0M with no disclosed plan: Richard Adkerson ($25.5M, 9.3% of holdings), Douglas Currault II ($11.1M) and Maree Robertson ($3.0M), plus 1 more. The filings don't state a reason.Richard Adkerson: largest such sale, Feb 10, 2026 · Douglas Currault II: largest such sale, Aug 25, 2026 · Maree Robertson: largest such sale, Feb 13, 2026
Lydia Kennard sold 3.8K shares (3.2% of starting holdings), but 4.9K more vested, so the stake grew (from 119K to 120K).Largest sale, Aug 27, 2026

Percentages cover 13 of 16 officers and directors. Left out: Douglas Currault II, Maree Robertson and Ellie Mikes (most of their shares vested during the period, so a percentage would mislead). Disclosed company stock is not an insider's whole wealth.

Who sold, and how much of their stake

Officers and directors, past 12 months. Each bar is 100% of that person's own stake; not comparable between people. The stake is the vested shares held at the start of the period (Oct 9, 2025); the gold part is what they sold.

SoldRest of starting stake
Richard Adkerson
Chairman of the Board, Director
9.3% · $25.5MNo plan disclosed
Douglas Currault II
EVP & General Counsel
Sold $11.1M (plan status beside the amount). That is 48% of the shares held or received (after tax withholding) during the period†. A share of the starting stake is not shown: most of these shares arrived during the period. Why
$11.1MNo plan disclosed
Stephen Higgins
EVP & CAO
65% · $4.7MNo plan disclosed
Maree Robertson
EVP & CFO
Sold $3.0M (plan status beside the amount). That is 73% of the shares held or received (after tax withholding) during the period†. A share of the starting stake is not shown: most of these shares arrived during the period. Why
$3.0MNo plan disclosed
Ellie Mikes
Chief Accounting Officer
Sold $1.5M (plan status beside the amount). That is 97% of the shares held or received (after tax withholding) during the period†. A share of the starting stake is not shown: most of these shares arrived during the period. Why
$1.5MNo plan disclosed
All 6 sellers

Selling by month

Officers and directors, Oct 2025 to Oct 2026. Each sale is counted once: under a disclosed plan, else to cover taxes, else no plan disclosed.

No plan disclosedOne dollar scale for every month; the tallest bar is labeled
OctNovDec 2025: $1.8M no plan disclosedDecJanFeb 2026: $35.8M no plan disclosed$35.8MFebMarAprMayJunJul 2026: $476K no plan disclosedJulAug 2026: $7.9M no plan disclosedAugSepOct

Common questions

Is the Freeport-McMoRan CEO selling stock?

No. Kathleen Quirk reported no open-market sales in the past 12 months.

Why are Freeport-McMoRan insiders selling?

Filings rarely give a reason, and we don't guess at one. What they show is how the sales were made: 0% of sales by value ran under 10b5-1 trading plans disclosed in the filings and 100% had no disclosed plan. A trading plan schedules sales in advance.

Are any Freeport-McMoRan insiders buying?

No. Officers and directors reported no purchases in the past 12 months.

How much of their stake did Freeport-McMoRan insiders sell?

About 7.0% overall. As a group they still hold 98% of their starting shares. That covers the 12 months to Oct 9, 2026 and counts vested shares reported on SEC Forms 3, 4 and 5, which is not an insider's whole wealth.

The evidence

Who sold6 officers and directors: amount, % of holdings, trading plan
Who soldAmount% of holdingsTrading plan
Richard Adkerson
Chairman of the Board, Director
$25.5M
401K shares
9.3%No plan disclosed
Douglas Currault II
EVP & General Counsel
$11.1M
155K shares
48%†
i
† Most of the shares Douglas Currault II sold arrived during the period, so this is shares sold as a share of the 148K held at the start plus the 190K received, less 14K withheld by the company for taxes.
No plan disclosed
Stephen Higgins
EVP & CAO
$4.7M
80K shares
65%No plan disclosed
Maree Robertson
EVP & CFO
$3.0M
49K shares
73%†
i
† Most of the shares Maree Robertson sold arrived during the period, so this is shares sold as a share of the 42K held at the start plus the 44K received, less 19K withheld by the company for taxes.
No plan disclosed
Ellie Mikes
Chief Accounting Officer
$1.5M
25K shares
97%†
i
† Most of the shares Ellie Mikes sold arrived during the period, so this is shares sold as a share of the 13K held at the start plus the 18K received, less 5K withheld by the company for taxes.
No plan disclosed
Lydia Kennard
Director
$300K
3.8K shares
3.2%No plan disclosed
The full ownership picture16 of 16 insiders fully reconciled · 16 officers and directors

Vested shares across all share classes, held directly and through trusts, LLCs and family members, as reported on SEC Forms 3, 4 and 5. Unvested awards and options are never counted as owned shares.

InsiderHeld Oct 9, 2025SoldHeld Oct 9, 2026Still held
Richard Adkerson
i
Unvested RSUs stated in footnotes are excluded from owned shares. Additional holdings last reported more than 3 years ago are shown separately and excluded from totals.
Chairman of the Board, Director
4.31M−401K4.05M94%
Vesting, gifts, unvested awards and holding lines for Richard Adkerson
0shares vested or exercised
−56Kgifted (net of own trusts)
−121Kwithheld by the company for taxes
none reportedunvested awards, start → end
  • Unvested RSUs stated in footnotes are excluded from owned shares.
  • Additional holdings last reported more than 3 years ago are shown separately and excluded from totals.
Held throughShare classOct 9, 2025Oct 9, 2026
DirectCommon Stock2,472,9542,216,594
Through GRATsCommon Stock1,642,7781,638,005
IRACommon Stock192,330192,330

Additional holdings last reported Feb 7, 2017, not confirmed since: 743,432 shares. Not included in any total or percentage on this page.

Kathleen Quirk
i
Unvested RSUs stated in footnotes are excluded from owned shares.
President & CEO, Director
2.00M02.13Mno sales
Vesting, gifts, unvested awards and holding lines for Kathleen Quirk
0shares vested or exercised
0gifted (net of own trusts)
−81Kwithheld by the company for taxes
none reportedunvested awards, start → end
  • Unvested RSUs stated in footnotes are excluded from owned shares.
Held throughShare classOct 9, 2025Oct 9, 2026
DirectCommon Stock2,004,8002,127,577
Douglas Currault II
i
Unvested RSUs stated in footnotes are excluded from owned shares.
EVP & General Counsel
148K−155K175Knot meaningful
Vesting, gifts, unvested awards and holding lines for Douglas Currault II
+155Kshares vested or exercised
0gifted (net of own trusts)
−14Kwithheld by the company for taxes
none reportedunvested awards, start → end
  • Unvested RSUs stated in footnotes are excluded from owned shares.
Held throughShare classOct 9, 2025Oct 9, 2026
DirectCommon Stock147,643174,517
Stephen Higgins
i
Minor difference of 315 shares. Difference is under 0.5% of holdings. Includes unvested RSUs, amount not disclosed. Unvested RSUs stated in footnotes are excluded from owned shares.
EVP & CAO
122K−80K113K92%
Vesting, gifts, unvested awards and holding lines for Stephen Higgins
0shares vested or exercised
0gifted (net of own trusts)
−16Kwithheld by the company for taxes
none reportedunvested awards, start → end
  • Includes unvested RSUs, amount not disclosed.
  • Unvested RSUs stated in footnotes are excluded from owned shares.
Held throughShare classOct 9, 2025Oct 9, 2026
Direct
includes unvested RSUs, amount not disclosed
Common Stock86,05040,333
Family TrustCommon Stock18,81854,618
401(k)Common Stock17,44617,761

Reconciliation: minor difference of 315 shares. Difference is under 0.5% of holdings.

Lydia Kennard
i
Unvested RSUs stated in footnotes are excluded from owned shares.
Director
119K−3.8K120K+0.9%
Vesting, gifts, unvested awards and holding lines for Lydia Kennard
0shares vested or exercised
0gifted (net of own trusts)
none reportedunvested awards, start → end
  • Unvested RSUs stated in footnotes are excluded from owned shares.
Held throughShare classOct 9, 2025Oct 9, 2026
DirectCommon Stock118,800119,902
Frances Townsend
i
Unvested RSUs stated in footnotes are excluded from owned shares.
Director
106K0111Kno sales
Vesting, gifts, unvested awards and holding lines for Frances Townsend
0shares vested or exercised
0gifted (net of own trusts)
none reportedunvested awards, start → end
  • Unvested RSUs stated in footnotes are excluded from owned shares.
Held throughShare classOct 9, 2025Oct 9, 2026
DirectCommon Stock105,970110,870
John Stephens
i
Unvested RSUs stated in footnotes are excluded from owned shares.
Director
95K0101Kno sales
Vesting, gifts, unvested awards and holding lines for John Stephens
0shares vested or exercised
0gifted (net of own trusts)
none reportedunvested awards, start → end
  • Unvested RSUs stated in footnotes are excluded from owned shares.
Held throughShare classOct 9, 2025Oct 9, 2026
DirectCommon Stock49,72155,998
LPCommon Stock45,00045,000
Dustan McCoy
i
Unvested RSUs stated in footnotes are excluded from owned shares.
Director
70K075Kno sales
Vesting, gifts, unvested awards and holding lines for Dustan McCoy
0shares vested or exercised
0gifted (net of own trusts)
none reportedunvested awards, start → end
  • Unvested RSUs stated in footnotes are excluded from owned shares.
Held throughShare classOct 9, 2025Oct 9, 2026
DirectCommon Stock70,30075,200
Ryan Lance
i
Unvested RSUs stated in footnotes are excluded from owned shares.
Director
44K049Kno sales
Vesting, gifts, unvested awards and holding lines for Ryan Lance
0shares vested or exercised
0gifted (net of own trusts)
none reportedunvested awards, start → end
  • Unvested RSUs stated in footnotes are excluded from owned shares.
Held throughShare classOct 9, 2025Oct 9, 2026
DirectCommon Stock12,00016,900
Lance Family TrustCommon Stock32,13232,132
Child's TrustCommon Stock290290
Maree Robertson
i
Unvested RSUs stated in footnotes are excluded from owned shares.
EVP & CFO
42K−49K26Knot meaningful
Vesting, gifts, unvested awards and holding lines for Maree Robertson
0shares vested or exercised
0gifted (net of own trusts)
−19Kwithheld by the company for taxes
none reportedunvested awards, start → end
  • Unvested RSUs stated in footnotes are excluded from owned shares.
Held throughShare classOct 9, 2025Oct 9, 2026
DirectCommon Stock42,05326,207
Hugh Grant
i
Unvested RSUs stated in footnotes are excluded from owned shares.
Director
27K030Kno sales
Vesting, gifts, unvested awards and holding lines for Hugh Grant
0shares vested or exercised
0gifted (net of own trusts)
none reportedunvested awards, start → end
  • Unvested RSUs stated in footnotes are excluded from owned shares.
Held throughShare classOct 9, 2025Oct 9, 2026
DirectCommon Stock27,37629,632
Sara Lewis
i
Unvested RSUs stated in footnotes are excluded from owned shares.
Director
22K027Kno sales
Vesting, gifts, unvested awards and holding lines for Sara Lewis
0shares vested or exercised
0gifted (net of own trusts)
none reportedunvested awards, start → end
  • Unvested RSUs stated in footnotes are excluded from owned shares.
Held throughShare classOct 9, 2025Oct 9, 2026
DirectCommon Stock21,80026,700
David Abney
i
Unvested RSUs stated in footnotes are excluded from owned shares.
Director
18K022Kno sales
Vesting, gifts, unvested awards and holding lines for David Abney
0shares vested or exercised
0gifted (net of own trusts)
none reportedunvested awards, start → end
  • Unvested RSUs stated in footnotes are excluded from owned shares.
Held throughShare classOct 9, 2025Oct 9, 2026
DirectCommon Stock17,50022,400
Robert Dudley
i
Unvested RSUs stated in footnotes are excluded from owned shares.
Director
18K018Kno sales
Vesting, gifts, unvested awards and holding lines for Robert Dudley
0shares vested or exercised
0gifted (net of own trusts)
none reportedunvested awards, start → end
  • Unvested RSUs stated in footnotes are excluded from owned shares.
Held throughShare classOct 9, 2025Oct 9, 2026
DirectCommon Stock17,50017,500
Ellie Mikes
i
Includes unvested RSUs, amount not disclosed. Unvested RSUs stated in footnotes are excluded from owned shares.
Chief Accounting Officer
13K−25K36Knot meaningful
Vesting, gifts, unvested awards and holding lines for Ellie Mikes
0shares vested or exercised
0gifted (net of own trusts)
−5Kwithheld by the company for taxes
none reportedunvested awards, start → end
  • Includes unvested RSUs, amount not disclosed.
  • Unvested RSUs stated in footnotes are excluded from owned shares.
Held throughShare classOct 9, 2025Oct 9, 2026
Direct
includes unvested RSUs, amount not disclosed
Common Stock13,00036,000
Marcela Donadio
i
Unvested RSUs stated in footnotes are excluded from owned shares.
Director
3.8K03.8Kno sales
Vesting, gifts, unvested awards and holding lines for Marcela Donadio
0shares vested or exercised
0gifted (net of own trusts)
none reportedunvested awards, start → end
  • Unvested RSUs stated in footnotes are excluded from owned shares.
Held throughShare classOct 9, 2025Oct 9, 2026
DirectCommon Stock3,8003,800

16 of 16 insiders fully reconciled: starting holdings plus reported transactions match ending holdings (15 exactly, 1 with a minor or footnoted difference). Percentages cover 13 of 16 officers and directors. Left out: Douglas Currault II, Maree Robertson and Ellie Mikes (most of their shares vested during the period, so a percentage would mislead). "Still held" compares ending with starting vested shares; a plus sign means the holding grew.

What explains the selling$46.0M of sales by plan status, purpose, seller and month

Officer and director open-market sales: $46.0M across 713,538 shares. Plan status and stated purpose are separate questions, and a sale can have both.

By plan status

No plan disclosed · $46.0M

Sales with no 10b5-1 plan and no tax reference in the filing. $25.5M of it is Richard Adkerson. No plan disclosed is a statement about the filing, not about why the sale happened. Largest such sale: Richard Adkerson, Feb 10, 2026

Taxes

256,622 shares ($15.8M) were withheld by the company for taxes, which isn't a market sale.

SellerShares soldProceedsUnder a disclosed planShare of totalSales dates
Richard Adkerson
Chairman of the Board, Director
401K$25.5M0%55%Feb 10, 2026 to Feb 11, 2026
Douglas Currault II
EVP & General Counsel
155K$11.1M0%24%Feb 11, 2026 to Aug 25, 2026
Stephen Higgins
EVP & CAO
80K$4.7M0%10%Dec 11, 2025 to Aug 5, 2026
Maree Robertson
EVP & CFO
49K$3.0M0%6%Feb 13, 2026 to Feb 13, 2026
Ellie Mikes
Chief Accounting Officer
25K$1.5M0%3%Dec 11, 2025 to Aug 5, 2026
Lydia Kennard
Director
3.8K$300K0%0.7%Aug 27, 2026 to Aug 27, 2026

Sales by month

MonthSale proceedsDisclosed planTo cover taxesNo plan disclosed
Oct 2025$0$0$0$0
Nov 2025$0$0$0$0
Dec 2025$1.8M$0$0$1.8M
Jan 2026$0$0$0$0
Feb 2026$35.8M$0$0$35.8M
Mar 2026$0$0$0$0
Apr 2026$0$0$0$0
May 2026$0$0$0$0
Jun 2026$0$0$0$0
Jul 2026$476K$0$0$476K
Aug 2026$7.9M$0$0$7.9M
Sep 2026$0$0$0$0
Oct 2026$0$0$0$0
Is this normal? Selling year by year5 earlier years to compare with

In line with the past 5 years. 6 insiders sold; the average is 3 a year.

12 months endingShares soldInsiders who soldProceeds
Oct 9, 2026
Latest 12 months
714K6$46.0M
Oct 9, 2025
1 year earlier
22K2$927K
Oct 9, 2024
2 years earlier
450K4$23.0M
Oct 10, 2023
3 years earlier
87K2$3.5M
Oct 10, 2022
4 years earlier
443K4$17.4M
Oct 10, 2021
5 years earlier
3.50M4$112M

Open-market sales (Form 4 code S) by people who were officers or directors, in split-adjusted shares. Earlier years include people who have since left. A sale that an outside holder also reports (a family trust, a fund) is counted with outside holders in every year. Shares, not dollars, are compared, so a change in the stock price doesn't look like a change in selling. Years the filings don't fully cover are shown but left out of the average.

Known gaps and uncertaintyEvery officer and director reconciles

Every officer and director reconciles for this period.

Stephen Higgins: minor difference of 315 shares. Difference is under 0.5% of holdings.

Inferred rename: the share class "Class B Common Stock" is treated as the same class as "Common Stock" on 25 holding lines, because the old title was never reported again on those lines and each balance carried over exactly. Example (Donald Whitmire Jr., 14,566 shares): old title, new title

Inferred typo: the share class "Common Sock" is treated as the same class as "Common Stock" on 1 holding line, because the two spellings are nearly identical and each balance carried over exactly. Example (James Moffett, 7,552 shares): old title, new title

External context: we only cite outside events when a documented connection exists. None is shown for this period.

Sources and methodology1,239 filings from SEC EDGAR, and how we read them

All 1,239 Forms 3, 4 and 5 filed for Freeport-McMoRan (SEC CIK 831259) from Dec 4, 2002 to Oct 1, 2026, retrieved from SEC EDGAR on Oct 9, 2026. Prices are the ones reported in each filing, often weighted averages. 5 filings were left out because Freeport-McMoRan filed them as an owner of another company's stock. 27 older filings exist only on paper and could not be read.

Probable 2-for-1 stock split on or before Feb 1, 2011 (split date stated in a footnote). Splits aren't reported as transactions; 35 holding lines changed by exactly this ratio, so earlier share counts are restated.

Holdings. Each holding line (a share class plus an owner, such as a trust or LLC) carries its last reported balance forward. Entities first reported during the period start at zero, so transfers between an insider's own trusts don't count as selling. Lines not reported for three years or more are listed separately and left out of totals.

Sales. A sale counts as under a 10b5-1 plan if its footnote cites one or the filing's Rule 10b5-1 box is checked, and as tax-related if its footnote cites tax obligations or sell-to-cover. Shares withheld by the company for taxes are listed separately. Sales with neither attribute are labeled "no plan disclosed".

Full methodology

Former or inactive filers (30)No filing in 18 months; last reported balances, not in any total
NameLast filedLast reported balance
Donald Whitmire Jr.Mar 7, 202244,537 shares, last reported balance as of Mar 4, 2022
Gerald FordJun 9, 2021No balance on record
Harry Conger IVFeb 18, 2020252,541 shares, last reported balance as of Feb 15, 2020
Courtney MatherJan 3, 2019129,554 shares, last reported balance as of Jan 1, 2019
Michael ArnoldFeb 8, 2018307,325 shares, last reported balance as of Feb 6, 2018
Andrew LanghamJan 3, 201840,261 shares, last reported balance as of Jan 1, 2018
Jon MadonnaJun 5, 201735,555 shares, last reported balance as of Jun 1, 2017
James FloresApr 4, 201610,847,615 shares, last reported balance as of Mar 31, 2016
Robert Allison Jr.Oct 5, 2015316,004 shares, last reported balance as of Oct 1, 2015
Stephen SiegeleOct 5, 2015259,771 shares, last reported balance as of Oct 1, 2015
James MoffettAug 31, 20155,062,806 shares, last reported balance as of Aug 28, 2015
Robert DayJun 3, 2015309,275 shares, last reported balance as of Jun 1, 2015
Devon Graham Jr.Jun 3, 201525,775 shares, last reported balance as of Jun 1, 2015
Bobby LackeyJun 3, 201536,717 shares, last reported balance as of Jun 1, 2015
Charles KrulakJun 3, 201523,775 shares, last reported balance as of Jun 1, 2015
Alan Buckwalter IIIJun 3, 201579,285 shares, last reported balance as of Jun 1, 2015
Thomas Fry IIIJun 3, 201530,137 shares, last reported balance as of Jun 1, 2015
Gabrielle McDonaldNov 26, 201329,526 shares, last reported balance as of Nov 25, 2013
Bennett JohnstonNov 8, 2013169,807 shares, last reported balance as of Nov 7, 2013
Stapleton RoyOct 2, 201352,362 shares, last reported balance as of Oct 1, 2013
Taylor WhartonJul 29, 2013117,052 shares, last reported balance as of Jul 26, 2013
RANKIN B M JRJun 5, 20131,629,844 shares, last reported balance as of Jun 1, 2013
Jon MadonnaJan 5, 201013,180 shares, last reported balance as of Jun 1, 2009
Timothy SniderMay 18, 200761,234 shares, last reported balance as of May 17, 2007
Mark JohnsonFeb 8, 200725,203 shares, last reported balance as of Feb 7, 2007
Armando MahlerFeb 2, 200718,051 shares, last reported balance as of Feb 1, 2007
Adrianto MachribieFeb 6, 2006No balance on record
RIO TINTO PLCApr 1, 2004No balance on record
Leigh CliffordAug 4, 2003No balance on record
Oscar GroeneveldAug 4, 2003No balance on record

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