Freeport-McMoRan stockholders approve 2025 Stock Incentive Plan and elect all 12 directors
At its June 11, 2025 annual meeting, Freeport-McMoRan stockholders approved a new 2025 Stock Incentive Plan authorizing up to 43,820,000 shares, replacing the 2016 plan. They also re-elected all twelve director nominees, approved executive pay on an advisory basis, and ratified Ernst & Young LLP as auditor for 2025.
Key points
- The 2025 Stock Incentive Plan authorizes up to 43,820,000 shares of common stock and allows awards through June 11, 2035.
- Of 1,436,200,253 shares outstanding on the April 14, 2025 record date, 1,221,626,740 were represented at the meeting.
- Director Dustan E. McCoy received 1,009,381,063 votes for and 63,733,039 abstentions, the lowest support among the twelve nominees.
- Advisory say-on-pay proposal received 1,067,162,480 votes for and 49,282,128 against.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:21 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on June 12, 2025.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.