Form 4: Cleveland-Cliffs EVP James D. Graham Exercises and Sells Stock Options
SEC Form 4
Executive Vice President and Chief Legal Administrative Officer & Secretary of Cleveland-Cliffs Inc., James D. Graham, exercised stock options and sold the acquired shares on March 6, 2024.
Summary
- On March 6, 2024, James D. Graham, EVP, Chief Legal Admin & Sec of Cleveland-Cliffs Inc., exercised stock options to acquire 24,154 common shares at a price of $7.7.
- Simultaneously, Graham sold 24,154 common shares at a weighted average price of $20.19, with individual sales ranging from $20.00 to $20.36.
- Following these transactions, Graham directly owns 534,102.792 common shares.
Sentiment
Score: 5
Explanation: This is a neutral event. It's a standard insider transaction disclosure and doesn't inherently indicate positive or negative sentiment about the company's prospects.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, providing transparency to investors regarding the buying and selling activities of company executives. It's common for executives to exercise stock options and sell a portion of the acquired shares for personal financial management.
Key Dates
| Date | Description |
|---|---|
| 12/31/2017 | Date exercisable for Employee Stock Options |
| 01/11/2025 | Expiration date of the exercised stock options. |
| 03/06/2024 | Date of the stock option exercise and sale of shares. |
| 03/08/2024 | Date of signature on the Form 4 filing. |
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