In 2023, Richard C. Adkerson earned $22.99M in total compensation at Freeport-McMoRan Inc., including $1.80M salary, $3.15M bonus and $12.52M in stock. Most recently sold 54,771 shares in May 2024. Currently holds stock worth $294.04M. Has donated $36.67M in stock to charitable causes. Has led Freeport-McMoRan Inc. for over 22 years.
Compensation History
Annual executive compensation data for Richard C. Adkerson, including salary, bonuses, and stock awards.
Year
2023
Total Compensation
$22.99M
Salary
$1.80M
Bonus
$3.15M
Other
$5.52M
Salary
$1.80MBoard Justification
The compensation program is designed to link executive pay to company performance and stockholder returns, with a significant portion of compensation being performance-based.
Bonus
$3.15MBoard Justification
Based on the achievement of performance metrics, the AIP payout was approved at 100% of target for 2023.
Other Compensation
$5.52MBoard Justification
Includes contributions to defined contribution plans, life insurance premiums, and other personal benefits.
Restricted Stock
Board Justification
The aggregate grant date fair value of the RSUs and PSUs awarded during 2023, computed in accordance with Financial Accounting Standards Board Accounting Standards Codification (ASC) Topic 718.
Performance Metrics
The performance metrics for determining the compensation included financial, operational, and ESG metrics.
Richard C. Adkerson
CEO of Freeport-McMoRan Inc.
Education
Not specified
Field of Expertise
Business & Management
Sector of Economy
Basic Materials
Born
January 1, 1957 - 68 years ago
CEO of Freeport-McMoRan Inc. for
22 years 10 months (Jan 2003 - Present)
Previous Experience
Served as President of FCX from 1997 to March 2007 and as Chief Financial Officer from October 2000 to December 2003.
Holdings
Track Richard C. Adkerson's stock holdings and portfolio value over time.
Total Stock Sold
$72.44M
$72.44M
1,727,258 FCX shares
What if they kept their stock?
If Richard C. Adkerson didn't sell their stock, today they would have:
Extra FCX1,727,258 shares worth $71.13M.
This is -1.8% and $1.31M less than what they got when they sold the stock.
Charitable Transactions
890,601 shares
FCX
Recent Charitable Transactions
36,261 shares
FCX
Aug 26, 2024
Charity
43,164 shares
FCX
May 9, 2024
Charity
22,101 shares
FCX
Dec 2, 2023
Charity
8,523 shares
FCX
Aug 23, 2023
Charity
13,110 shares
FCX
Mar 11, 2023
Charity
244,335 shares
FCX
Jan 10, 2023
Charity
Insider Trading
Richard C. Adkerson's recent stock transactions, purchases, and sales filed with the SEC.
36,261 shares
FCX
Aug 26, 2024
Charity
43,164 shares
FCX
May 9, 2024
Charity
$2.78M
FCX at $50.78/share
May 6, 2024
Sale
$8.56M
FCX at $50.56/share
Apr 29, 2024
Sale
535,303 shares
FCX
Feb 6, 2024
Received
22,101 shares
FCX
Dec 2, 2023
Charity
8,523 shares
FCX
Aug 23, 2023
Charity
13,110 shares
FCX
Mar 11, 2023
Charity
1,152,625 shares
FCX
Feb 7, 2023
Received
244,335 shares
FCX
Jan 10, 2023
Charity
Rivals
Compare Richard C. Adkerson with competitor CEOs and industry peers.
Sanjiv Lamba
CEO of Linde
2024 Compensation
Stock
$10.16M
Salary
$1.48M
Bonus
$2.70M
Other
$150.14K
Total Holdings
$9.27M
Michael A. Bless
CEO of Century Aluminum
2021 Compensation
Stock
$0.00
Salary
$622.96K
Bonus
$0.00
Other
$148.63K
Total Holdings
$748.03K
William F. Oplinger
CEO of Alcoa
2023 Compensation
Stock
$7.53M
Salary
$862.26K
Bonus
$0.00
Other
$321.43K
Total Holdings
$19.06K