Quirk Kathleen L's Form 4 filing
Freeport-McMoran IncFCX · filed Feb 8, 2022
- Accession no.
- 0001209191-22-007835
- Filed
- Feb 8, 2022
- Trade date
- Feb 4-7, 2022
- Filing delay
- 4 days
- Rule 10b5-1 plan
- Not on the form (before 2023)
This filing lists 5 non-derivative transactions and 2 derivative transactions. Open-market sales total $1.56M. It was filed 4 days after the trade.
Reporting owners
A Form 4 can have several reporting owners, such as a person and a fund they control. Trade tables show the first one.
| Owner | Relationship to the company |
|---|---|
| Quirk Kathleen LCIK 0001200809 | Officer (EVP and CFO) |
Non-derivative securities (Table I)
Acquisitions and disposals of common stock and similar shares, one row per line on the filing.
| Trade date | Security | Transaction | Shares | Price | Value | Shares after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Feb 4, 2022 | Common Stock | MOption exerciseAcquired | +40,500 | $24.08 | +$975,240 | 1,340,399 | Direct | |
| Feb 4, 2022 | Common Stock | SSaleDisposed | −40,500 | $38.55F1 | −$1,561,275 | 1,299,899 | Direct | |
| Feb 7, 2022 | Common Stock | AGrant or awardAcquired | +67,000 | $0.00 | $0 | 1,366,899 | Direct | |
| Feb 7, 2022 | Common Stock | AGrant or awardAcquired | +403,690 | $0.00 | $0 | 1,770,589 | Direct | |
| Feb 7, 2022 | Common Stock | FTax withholdingDisposed | −176,469 | $38.42 | −$6,779,938.98 | 1,594,120 | Direct |
Derivative securities (Table II)
Options, warrants, restricted stock units and similar. Shares are the underlying shares; price and value are for the derivative itself, and the holding after is in derivative units.
| Trade date | Security | Transaction | Underlying shares | Unit price | Value | Held after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Feb 4, 2022 | Common Stock | MOption exerciseDisposed | −16,200 | $0.00 | $0 | 0 | Direct | |
| Feb 4, 2022 | Common Stock | MOption exerciseDisposed | −24,300 | $0.00 | $0 | 0 | Direct |
Footnotes and remarks
Livermore keeps the footnotes that transaction prices refer to, all footnotes of amendments (Form 4/A) and the filing's remarks. Other footnotes, such as how indirect holdings are held or the details of a trading plan, are only in the original on SEC EDGAR.
- F1
The price reported represents the weighted average price of the shares sold. Shares were sold at varying prices in the range of $38.5000 - $38.6650. The Reporting Person hereby undertakes, upon request of the Staff of the U.S. Securities and Exchange Commission, the issuer or a security holder of the issuer, to provide full information regarding the number of shares sold at each separate price.
Referenced by the price of 1 transaction in Table I.
Remarks
In addition to the awards reported herein, on February 7, 2022, the Reporting Person also received a grant of PSUs, which will be reflected on a Form 4 if and when such units vest. 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, 2024.