Form 4: Cleveland-Cliffs Director Gabriel Stoliar Reports Share Acquisition and Tax Liability Transaction

Director Gabriel Stoliar reports acquisition of shares as part of the Nonemployee Director Retainer Share Election Program and surrender of shares for tax liability.

Summary

• On April 1, 2024, Gabriel Stoliar, a director of Cleveland-Cliffs Inc., acquired 881 common shares at a price of $22.69 per share as part of the Nonemployee Director Retainer Share Election Program.
• Stoliar also surrendered 264 shares on the same day to cover tax liabilities related to his participation in the Retainer Election Program, also at $22.69 per share.
• Following these transactions, Stoliar directly owns 251,304 common shares of Cleveland-Cliffs Inc.

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 sentiment.

Positives

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

Industry Context

This filing is a routine disclosure related to director compensation and tax obligations, and doesn't necessarily reflect broader industry trends.

Stakeholder Impact

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

Key Dates