Maree E. Robertson, Freeport-McMoRan's Executive Vice President and Chief Financial Officer, disposed of 48,500 shares of the company's common stock on February 13, 2026, at an average price of $61.55 per share, for an aggregate value of about $2.9 million. Reported trade prices for that block ranged from $61.50 to $61.66.
Per a Form 4 filed with the U.S. Securities and Exchange Commission, Robertson additionally sold 10,354 shares on February 15, 2026, to satisfy tax obligations arising from the vesting of restricted stock units. Those shares were sold at $62.84 each for a total of approximately $650,645.
After these transactions, Robertson's direct holdings in Freeport-McMoRan total 69,540 shares, a figure that includes 43,333 restricted stock units.
Beyond insider activity, Freeport-McMoRan announced a Memorandum of Understanding with the Indonesian government that extends the company’s mining rights in the Grasberg minerals district through 2041. Under the terms reported, at the conclusion of that period the company will transfer a 12% share to the Indonesian government, which would reduce Freeport’s stake to about 37%.
Analyst coverage of the company has shifted recently. Argus upgraded its rating on Freeport-McMoRan from Hold to Buy, citing a stronger balance sheet and potential upside tied to elevated copper prices. Morgan Stanley also raised its price target on the company to $70 and retained an Overweight rating, pointing to advantages stemming from Section 232 copper tariffs.
Market action in the metals complex accompanied those analyst moves. Copper prices climbed to a record level above $14,000 per metric ton, a development that lifted copper-focused equities, including Freeport-McMoRan. Separately, reports that the Trump administration is considering rolling back tariffs on steel and aluminum prompted a modest pullback in Freeport-McMoRan's share price, as officials plan to review and potentially exempt certain items from existing levies.
Collectively, the insider sale, the Grasberg MOU, analyst revisions, and tariff-policy headlines outline a set of near-term facts and market signals investors can reference when assessing Freeport-McMoRan's position in the minerals and metals sector.