Form 4: Cleveland-Cliffs Director Gabriel Stoliar Reports Changes in Beneficial Ownership

Director Gabriel Stoliar reports acquisition and disposal of Cleveland-Cliffs shares related to the director retainer share election program.

Summary

• On July 1, 2024, Gabriel Stoliar, a director of Cleveland-Cliffs Inc., acquired 1,300 common shares at $15.39 per share as part of the Nonemployee Director Retainer Share Election Program.
• Stoliar also disposed of 390 shares on the same day at $15.39 per share to cover tax liabilities related to the Retainer Election Program.
• Following these transactions, Stoliar beneficially owns 259,893 common shares of Cleveland-Cliffs Inc.

Sentiment

Score: 6

Explanation: Neutral sentiment as the filing reflects routine transactions related to director compensation.

Positives

• The director's participation in the Retainer Share Election Program demonstrates a commitment to the company's equity.

Industry Context

Director share transactions are common and often reflect compensation structures or personal investment decisions. This transaction is related to a pre-existing retainer program.

Related Party Transactions

• The share transactions are related to the director's participation in the Nonemployee Director Retainer Share Election Program, which is a related party transaction.

Stakeholder Impact

• The transactions have a minimal impact on stakeholders as they are part of a pre-defined compensation program.

Key Dates