Form 4: Cleveland-Cliffs Director Janet L. Miller Receives Restricted Shares
SEC Form 4 Filing
Director Janet L. Miller acquired 7,679 restricted shares of Cleveland-Cliffs Inc. on April 25, 2024, as part of the 2021 Nonemployee Directors' Compensation Plan.
Summary
- On April 25, 2024, Janet L. Miller, a director of Cleveland-Cliffs Inc., acquired 7,679 common shares.
- These shares were granted as restricted shares under the 2021 Nonemployee Directors' Compensation Plan.
- The transaction resulted in Ms. Miller beneficially owning 101,795.297 common shares following the reported transaction.
Sentiment
Score: 6
Explanation: The document indicates a standard director compensation practice, suggesting a neutral sentiment.
Positives
- The acquisition of restricted shares by a director signals confidence in the company's future performance.
Industry Context
Director share acquisitions are common practice and are used to align the interests of directors with those of shareholders.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Director Compensation | Grant of restricted shares to director Janet L. Miller under the 2021 Nonemployee Directors' Compensation Plan. | 04/25/2024 | Aligns director's interests with shareholders. |
Stakeholder Impact
- Shareholders may view the director's increased stake as a positive sign.
Key Dates
| Date | Description |
|---|---|
| 04/25/2024 | Date of transaction: Janet L. Miller acquired 7,679 restricted shares. |
| 04/26/2024 | Date of signature: James D. Graham signed on behalf of Janet L. Miller. |
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