Form 4: Cleveland-Cliffs EVP Terry G. Fedor Exercises and Sells Shares
SEC Form 4
Executive Vice President of Operations, Terry G. Fedor, exercised stock options and sold shares of Cleveland-Cliffs Inc. on March 6, 2024.
Summary
- On March 6, 2024, Terry G. Fedor, EVP of Operations at Cleveland-Cliffs Inc., exercised stock options to acquire 27,430 common shares at a price of $7.7.
- Following the exercise, Fedor sold the same 27,430 shares at a weighted average price of $20.19, with prices ranging from $20.00 to $20.36.
- After these transactions, Fedor directly owns 534,617 common shares.
- Fedor also continues to hold employee stock options.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of stock transactions. It doesn't inherently indicate positive or negative sentiment about the company's performance.
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 shares for personal financial management.
Key Dates
| Date | Description |
|---|---|
| 12/31/2017 | Date exercisable for employee stock options |
| 03/06/2024 | Date of stock option exercise and share sale |
| 03/08/2024 | Date of Form 4 signature |
| 01/11/2025 | Expiration date of employee stock options |
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