Douglas N. Currault II, Executive Vice President and General Counsel of Freeport-McMoRan Inc, filed a Form 4 on August 26, 2026, reporting option exercises and an open-market sale of common stock transacted on August 25, 2026.

Key Highlights

  • Option exercise (tranche 1): Currault exercised options on 65,000 shares of common stock at an exercise price of $12.04 per share.
  • Option exercise (tranche 2): Currault exercised options on 15,000 shares at an exercise price of $28.14 per share.
  • Open-market sale: 80,000 shares were sold at a weighted average price of $78.5558, with individual sale prices ranging from $78.5500 to $78.5950.
  • Post-transaction ownership: Currault beneficially owned 211,016 shares directly following the reported transactions, including 36,499 Common Stock Restricted Stock Units.
  • Remaining options: Both option tranches were reduced to zero derivative securities beneficially owned following the exercises.
  • Filing agent: The form was signed by Kelly C. Simoneaux on behalf of Currault pursuant to a power of attorney.

Currault Option Exercises and Share Sale at Freeport-McMoRan

According to the filing, Douglas N. Currault II, identified as EVP and General Counsel of Freeport-McMoRan Inc (NYSE:FCX), carried out three transactions on August 25, 2026. The first two were option exercises coded "M" in Table I and Table II of the filing. Currault exercised 65,000 options with an exercise price of $12.04 per share - options originally granted with 33% exercisable on February 4, 2021, and 33% on each of the next two anniversaries. He also exercised 15,000 options at an exercise price of $28.14 - granted under the same vesting structure beginning February 2, 2022, with an expiration date of February 2, 2031. The filing shows both option positions at zero derivative securities beneficially owned following these exercises.

Subsequent to the exercises, the filing reports that Currault sold 80,000 shares of common stock at a weighted average price of $78.5558, with sales occurring at varying prices between $78.5500 and $78.5950. The filing notes that Currault undertakes, upon request, to provide full information on the number of shares sold at each separate price. After this sale, his directly held beneficial ownership stood at 211,016 shares.

The filing discloses that the 211,016 figure includes 36,499 Common Stock Restricted Stock Units. All reported transactions reflect direct ownership. The Form 4 was filed on August 26, 2026, and was signed by Kelly C. Simoneaux on behalf of Currault pursuant to a power of attorney.

What Was Disclosed

Freeport-McMoRan's EVP and General Counsel exercised two tranches of stock options totaling 80,000 shares and sold 80,000 shares at a weighted average of $78.5558 on August 25, 2026, leaving direct beneficial ownership of 211,016 shares, including 36,499 restricted stock units.