Freeport-McMoRan recently released its 10-K report, providing a comprehensive overview of its business operations. The company is primarily engaged in the mining of mineral properties in North America, South America, and Indonesia, with a focus on exploring for copper, gold, molybdenum, silver, and other metals. Freeport-McMoRan's assets include various mineral districts and mines across the Americas, including the Grasberg minerals district in Indonesia, Morenci, Bagdad, Safford, Sierrita, and Miami in Arizona, Chino and Tyrone in New Mexico, and others.
In its 10-K report, Freeport-McMoRan disclosed details regarding its equity compensation plans. As of December 31, 2024, the company's stockholder-approved 2016 Stock Incentive Plan had approximately 12,773,631 securities available for future grants, with a weighted-average exercise price of $14.22. Additionally, the report indicated that there were about 15,048,374 securities remaining available for future issuance under the equity compensation plans, excluding securities reflected in the previous column.
The report further outlined that the company has equity compensation plans pursuant to which awards have previously been made that could result in the issuance of common stock to employees and non-employees as compensation. It detailed the number of securities to be issued upon the exercise of outstanding options, warrants, and rights, as well as the specific details of the equity compensation plans approved by security holders and those not approved by security holders. The report also referenced additional information related to stock ownership of directors, executive officers, and beneficial owners, which will be included in the definitive proxy statement to be filed with the SEC relating to the company's 2025 annual meeting of stockholders. Following these announcements, the company's shares moved -1.9%, and are now trading at a price of $39.47. For more information, read the company's full 10-K submission here.
