Form 4: Cleveland-Cliffs Director Ron A. Bloom Boosts Stake Through Share Election Program

Cleveland-Cliffs Inc. Director Ron A. Bloom acquired 4,926 common shares at $8.12 each as part of his quarterly retainer, increasing his total beneficial ownership to 96,710 shares.

Summary

• Ron A. Bloom, a Director of Cleveland-Cliffs Inc. (CLF), acquired 4,926 common shares.
• The transaction occurred on July 1, 2025, with shares valued at $8.12 per share.
• These shares were issued as payment for his third-quarter quarterly retainer, reflecting his election to receive 100% of his retainer in shares.
• The acquisition was made through the Cleveland-Cliffs Inc. Nonemployee Director Retainer Share Election Program.
• Following this transaction, Ron A. Bloom beneficially owns a total of 96,710 common shares of Cleveland-Cliffs Inc.

Sentiment

Score: 8

Explanation: The acquisition of shares by a director, particularly through an election to receive compensation in stock, generally indicates confidence in the company's future performance and aligns management interests with shareholders.

Positives

• A Director, Ron A. Bloom, increased his direct ownership in Cleveland-Cliffs Inc. by acquiring 4,926 common shares.
• The acquisition was a result of the Director electing to receive 100% of his quarterly retainer in shares, indicating a strong alignment of interests with shareholders and confidence in the company's future.

Negatives

• None identified in this filing.

Risks

• No specific risks are detailed in this Form 4 filing, as it primarily reports an insider transaction.

Future Outlook

No forward-looking statements or guidance are provided in this Form 4 filing, as it reports a past insider transaction.

Management Comments

• Ron A. Bloom elected to participate in the Cleveland-Cliffs Inc. Nonemployee Director Retainer Share Election Program at 100%, choosing to receive his quarterly retainer in common shares instead of cash.

Industry Context

This insider transaction reflects a director's decision to increase their stake in Cleveland-Cliffs Inc., a major player in the North American steel and iron ore industry. While not directly indicative of broader industry trends, such insider buying can be viewed as a sign of confidence in the company's future prospects within its sector.

Comparison to Industry Standards

• Not applicable as this filing details an individual insider transaction rather than company-wide financial or operational results that would typically be benchmarked against industry standards or competitors.

Management Changes

Corporate Governance

Legal Proceedings

• No legal proceedings are mentioned in this filing.

Related Party Transactions

• The acquisition of 4,926 common shares by Director Ron A. Bloom as payment for his quarterly retainer is a related party transaction, conducted under the terms of the Cleveland-Cliffs Inc. Nonemployee Director Retainer Share Election Program.

Stakeholder Impact

• Shareholders: The transaction increases a director's ownership stake, potentially signaling confidence in the company's future and aligning management interests with shareholder value.

Next Steps

• No specific future actions or milestones are detailed in this Form 4 filing, as it reports a completed transaction.

Key Dates

Recommendation

Keywords

Cleveland-Cliffs, CLF, Insider Transaction, Director Share Acquisition, Form 4, Share Election Program, Executive Compensation, Steel Industry