Form 4: Cleveland-Cliffs Director Gabriel Stoliar Trades CLF Shares

Cleveland-Cliffs Inc. Director Gabriel Stoliar reported transactions involving common shares, including issuance for retainer and surrender for tax payments.

Summary

• Gabriel Stoliar, a Director at Cleveland-Cliffs Inc. (CLF), reported transactions on April 1, 2026.
• He acquired 2,418 common shares valued at $8.27 per share as part of his quarterly retainer for the second quarter, electing to receive 50% in shares under the Nonemployee Director Retainer Share Election Program.
• Following this issuance, his beneficial ownership increased.
• Additionally, 725 shares were surrendered to cover tax liabilities related to his participation in the retainer program.
• After these transactions, Stoliar beneficially owns 258,992 shares directly and 29,361 shares indirectly through his personal company.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as it reports routine director compensation transactions rather than significant strategic or financial performance indicators.

Positives

• Director Stoliar's participation in the retainer share program indicates continued commitment and alignment with the company's performance.
• The company has a program in place to allow directors to receive compensation in shares, potentially aligning director interests with shareholder interests.

Negatives

• A portion of the shares received as retainer were surrendered to cover tax liabilities, reducing the net increase in shares held by the director.

Future Outlook

No specific future outlook or guidance is provided in this Form 4 filing, which primarily reports past transactions.

Industry Context

StockSavvy.ai notes that director share issuances and surrenders for tax are common practices in publicly traded companies, reflecting standard compensation and tax management strategies. The specific details of the retainer program and share election percentage provide insight into Cleveland-Cliffs' approach to director compensation.

Stakeholder Impact

• Shareholders: The transactions reflect standard director compensation practices and do not immediately suggest a significant change in beneficial ownership that would impact share price, though it confirms director participation in company stock.
• Employees: No direct impact on employees is indicated.
• Management: The filing pertains to director compensation, not executive management changes or performance.
• Creditors: No impact on creditors is indicated.

Key Dates

Keywords

Cleveland-Cliffs Inc., CLF, Form 4, Director, Stock Transaction, Beneficial Ownership, Retainer, Tax Liability