Form 4: Cleveland-Cliffs Director Ron A. Bloom Acquires Shares in Lieu of Cash Retainer

Director Ron A. Bloom acquired 4,938 common shares of Cleveland-Cliffs Inc. at $8.1 per share in lieu of a cash retainer for the second quarter.

Summary

• On April 1, 2025, Ron A. Bloom, a director of Cleveland-Cliffs Inc., acquired 4,938 common shares.
• The shares were acquired at a price of $8.1 per share.
• This acquisition was made in lieu of a cash retainer for the second quarter of the year.
• The director elected to receive shares under the Cleveland-Cliffs Inc. Nonemployee Director Retainer Share Election Program, participating at 100%.
• Following the transaction, Bloom's total holdings increased to 73,217 common shares.

Sentiment

Score: 6

Explanation: Neutral sentiment as it reflects a routine transaction under a pre-existing program. The director's participation could be seen as a mild positive.

Positives

• The director's decision to take shares instead of cash may signal confidence in the company's future performance.

Industry Context

Director share acquisitions are common and can be seen as a positive sign, indicating confidence in the company's prospects. The Nonemployee Director Retainer Share Election Program is a mechanism for directors to align their interests with those of shareholders.

Related Party Transactions

• The acquisition of shares in lieu of a cash retainer is a related party transaction.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns the director's interests with theirs.

Key Dates

Keywords

Cleveland-Cliffs, Director, Share Acquisition, Ron A. Bloom, CLF, Retainer Share Election Program, Common Shares