Deals between FCX and its directors, executives, owners of more than 5% or their families: a relative on the payroll,
a plane the company charters from its CEO, a director's company that buys from it. SEC rules (Item 404) make the company list every such deal over $120,000 in its proxy statement.
Below: what the proxy filed 2026-04-23 reports that the one filed 2025-04-25 did not, quoted as filed.
New this year
Paragraphs about a deal, a person or a relative with nothing like them in the proxy filed 2025-04-25.
Nothing new: every deal in this year's section was reported last year too.
The whole section 1 paragraphs, proxy filed 2026-04-23
Certain Transactions
“Our corporate governance guidelines provide that any transaction that would require disclosure under Item 404(a) of Regulation S-K of the rules and regulations of the SEC must be reviewed and approved, or ratified, by the audit committee or the disinterested members of the board. Any such related party transactions will only be approved or ratified if the audit committee or the disinterested members of the board determine that such transaction will not impair the involved person’s service to, and exercise of judgment on behalf of, the company, or otherwise create a conflict of interest that would be detrimental to the company. Catherine Clancy, daughter-in-law of Stephen Higgins, our executive vice president and chief administrative officer, is employed as a supply chain senior process leader in our global supply chain group. In connection with Ms. Clancy’s role, her compensation package, including salary, bonus and all other compensation, approximated $174,000 from January 1, 2025, through April 13, 2026. Additionally, Ms. Clancy participates in the company’s general welfare plans. No additional related party transactions reportable under Item 404 of Regulation S-K have taken place since January 1, 2025.”
Read it in the proxy ↗
Paragraphs are compared by their words, not read by AI: one counts as new when no paragraph last year shares half of its words, or when it names a person or company last year's section did not.
A deal reported again with a new amount is not new. Always check the filing.
Open the proxy ↗ · Last year's proxy ↗
