Form 4: Cleveland-Cliffs Executive Keith Koci Reports Acquisition of Restricted Share Units

EVP & President of Cleveland-Cliffs, Keith Koci, reports the acquisition of 102,423 restricted share units, vesting on December 31, 2027.

Summary

• On February 19, 2025, Keith Koci, EVP & President, CC Services of Cleveland-Cliffs Inc., acquired 102,423 common shares in the form of restricted share units.
• These restricted share units were granted under the Issuer's 2021 Equity and Incentive Compensation Plan.
• The grant vests on December 31, 2027.
• Following the transaction, Koci beneficially owns 533,975 common shares.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive as it reflects standard executive compensation practices and aligns management interests with shareholders.

Positives

• The acquisition of restricted share units by a top executive signals confidence in the company's future performance.

Future Outlook

The vesting of the restricted share units on December 31, 2027, suggests a long-term incentive for the executive.

Industry Context

Executive compensation in the form of restricted stock units is a common practice in publicly traded companies to align management's interests with those of shareholders.

Stakeholder Impact

• Shareholders may view this as a positive sign, aligning executive interests with long-term company performance.
• Employees may see this as a standard part of executive compensation.

Key Dates

Keywords

Cleveland-Cliffs, Keith Koci, restricted share units, beneficial ownership, Form 4, equity compensation, CLF