Form 4: Cleveland-Cliffs EVP, CFO Celso L. Goncalves Jr. Reports Acquisition of Restricted Share Units

Celso L. Goncalves Jr., EVP and CFO of Cleveland-Cliffs Inc., reports the acquisition of restricted share units under the company's 2021 Equity and Incentive Compensation Plan.

Summary

• On February 19, 2025, Celso L. Goncalves Jr., EVP and CFO of Cleveland-Cliffs Inc., acquired 117,967 common shares.
• These shares were granted as restricted share units under the Issuer's 2021 Equity and Incentive Compensation Plan.
• The grant vests on December 31, 2027.
• Following the transaction, Goncalves directly owns 417,624.613 common shares.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing. It doesn't inherently convey positive or negative sentiment.

Positives

• The acquisition of restricted share units aligns the executive's interests with those of the shareholders.
• The vesting schedule encourages long-term commitment from the executive.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.

Stakeholder Impact

• The acquisition of restricted share units by the CFO aligns his interests with those of the shareholders, potentially encouraging decisions that benefit the company's long-term performance.

Key Dates

Keywords

Cleveland-Cliffs, Celso L. Goncalves Jr., restricted share units, EVP, CFO, Equity and Incentive Compensation Plan, beneficial ownership, Form 4