Form 4: Cleveland-Cliffs Director Gabriel Stoliar Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Director Gabriel Stoliar reports acquisition and disposal of Cleveland-Cliffs shares related to the Nonemployee Director Retainer Share Election Program.
Summary
- On October 1, 2024, Gabriel Stoliar, a director of Cleveland-Cliffs Inc., acquired 1,540 common shares at $12.99 per share as part of the Nonemployee Director Retainer Share Election Program.
- Stoliar also disposed of 462 common shares at $12.99 per share to cover tax liabilities related to the same program.
- Following these transactions, Stoliar directly owns 260,971 common shares of Cleveland-Cliffs Inc.
Sentiment
Score: 6
Explanation: Neutral sentiment as the transactions are part of a pre-arranged compensation program. The director's continued holding of a significant number of shares is a mildly positive signal.
Positives
- The director's participation in the Retainer Share Election Program demonstrates confidence in the company's future.
Industry Context
Directors' share transactions are closely watched as they can signal confidence or lack thereof in the company's prospects. Participation in share-based compensation programs is a common practice.
Stakeholder Impact
- The transactions may have a minor positive impact on shareholder sentiment due to the director's continued investment in the company.
Key Dates
| Date | Description |
|---|---|
| 10/01/2024 | Date of the transactions: acquisition of 1,540 shares and disposal of 462 shares. |
| 10/02/2024 | Date of signature for the Form 4 filing. |
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