Form 4: Cleveland-Cliffs Director Gabriel Stoliar Reports Acquisition of Restricted Shares

Director Gabriel Stoliar reports acquisition of 18,567 restricted shares of Cleveland-Cliffs Inc. as part of the 2025 Director Restricted Shares plan.

Summary

• Gabriel Stoliar, a director of Cleveland-Cliffs Inc., filed a Form 4 on April 25, 2025, reporting a transaction that occurred on April 23, 2025.
• The transaction involved the acquisition of 18,567 common shares as restricted shares granted under the 2021 Nonemployee Directors' Compensation Plan.
• These shares were acquired directly by Stoliar at a price of $0.
• Following the transaction, Stoliar directly owns 253,395 common shares and indirectly owns 29,361 common shares through a personal company.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, which is generally viewed neutrally. The acquisition of shares can be seen as a positive sign of alignment with shareholder interests.

Positives

• The acquisition of restricted shares aligns the director's interests with those of the shareholders.
• The grant of restricted shares is part of a pre-existing compensation plan, suggesting a structured approach to director compensation.

Industry Context

Director share acquisitions are common and are used to align management and shareholder interests. The details of the compensation plan would be available in the company's filings.

Stakeholder Impact

• The acquisition of shares by a director can positively influence shareholder confidence.

Key Dates

Keywords

Form 4, Cleveland-Cliffs, Director, Restricted Shares, Beneficial Ownership, Stoliar, Compensation Plan