Form 4: Cleveland-Cliffs Executive James D. Graham Reports Share Transaction

Executive Vice President and Chief Legal Officer of Cleveland-Cliffs, James D. Graham, reports the surrender of 10,676 shares to cover tax liabilities related to restricted share units.

Summary

• James D. Graham, an Executive Vice President and Chief Legal Officer at Cleveland-Cliffs Inc., filed a Form 4.
• The filing reports a transaction on January 3, 2025, where 10,676 common shares were surrendered.
• These shares were used to cover tax liabilities associated with the payout of restricted share units.
• The price per share was $9.5, resulting in a total value of $101,423.80 for the surrendered shares.
• Following the transaction, Graham directly owns 523,426.792 common shares.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing and does not indicate any positive or negative sentiment. It is a neutral event.

Industry Context

This is a routine filing related to executive compensation and is common for publicly traded companies. It does not indicate any significant change in the company's operations or outlook.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, as required by the SEC.
• The transaction is typical for executives receiving stock-based compensation, where shares are often surrendered to cover tax liabilities upon vesting.
• Similar transactions are regularly reported by executives at other companies, such as US Steel (X) and Nucor (NUE), as part of their compensation packages.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine part of executive compensation.
• The transaction does not directly impact employees, customers, suppliers, or creditors.

Key Dates

Keywords

Form 4, Cleveland-Cliffs, Share Transaction, Insider Trading, Restricted Share Units, Tax Liability, Executive Compensation