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 program and tax obligations.

Summary

• On April 1, 2025, Gabriel Stoliar, a director of Cleveland-Cliffs Inc., reported changes in beneficial ownership of the company's common shares.
• Stoliar acquired 2,469 shares at a price of $8.1 as part of the Nonemployee Director Retainer Share Election Program.
• He also disposed of 741 shares at $8.1 to cover tax liabilities related to the same program.
• Following these transactions, Stoliar directly owns 234,828 common shares.
• Additionally, 29,361 shares are indirectly held through a personal company.

Sentiment

Score: 6

Explanation: The sentiment is neutral as the filing reflects routine transactions related to director compensation and tax obligations. There is no indication of significant positive or negative developments.

Positives

• The director's participation in the Nonemployee Director Retainer Share Election Program demonstrates confidence in the company.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates standard compensation practices for board members.

Stakeholder Impact

• The transactions have a minimal impact on stakeholders as they are related to director compensation.

Key Dates

Keywords

Cleveland-Cliffs, Director, Beneficial Ownership, Form 4, Stock, Shares, Retainer Election Program, Tax Liability