Freeport-McMoRan Director Hugh Grant Acquires Shares in Lieu of Retainer Fees
FREEPORT-MCMORAN INC
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Filing Summary
Freeport-McMoRan Inc. ($FCX) | Hugh Grant (Director) acquired 482 shares of Common Stock at $70.00 per share ($33,740 total value) pursuant to an election to receive stock in lieu of cash retainer fees. Post-transaction direct holdings stand at 50,332 shares.
Comprehensive Analysis
Executive Summary
On October 1, 2026, Hugh Grant, a Director at Freeport-McMoRan Inc. ($FCX), acquired 482 shares of common stock at a stated price of $70.00 per share, totaling $33,740. Following this transaction, Mr. Grant directly holds 50,332 shares (including 20,700 RSUs).
Transaction Details
- Security: Common Stock
- Transaction Type: Acquisition (Code A)
- Shares Acquired: 482
- Price Per Share: $70.00
- Total Value: $33,740
- Post-Transaction Beneficial Ownership: 50,332 shares
- Nature of Ownership: Direct
Context & Market Significance
This transaction carries Low trading significance as it represents standard director compensation. Per footnote disclosure, the shares were acquired under a prior election to receive equity in lieu of cash for annual retainer fees. Such transactions are routine and do not reflect discretionary open-market sentiment.
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