Form 4: Cleveland-Cliffs Executive Sells Shares for Tax Liability

Kimberly A. Floriani, SVP, Controller & CAO of Cleveland-Cliffs Inc., disposed of 3,182 common shares to cover tax liabilities related to restricted share unit payouts.

Summary

• Kimberly A. Floriani, SVP, Controller & CAO of Cleveland-Cliffs Inc. (CLF), reported a transaction involving the company's common shares.
• On January 5, 2026, Floriani disposed of 3,182 common shares.
• This disposition was a mandatory surrender of shares to satisfy tax liabilities incurred in connection with the payout of restricted share units.
• The shares were valued at $13.2 for the purpose of this tax-related transaction.
• Following this transaction, Floriani directly beneficially owns 68,852 common shares.

Sentiment

Score: 5

Explanation: Neutral. This is a routine, mandatory transaction for tax purposes related to executive compensation and does not indicate any positive or negative sentiment towards the company's performance or outlook.

Industry Context

This is a routine insider transaction related to executive compensation and tax obligations, common across all industries for executives receiving equity-based awards. It does not reflect specific industry trends for the steel or mining sector.

Stakeholder Impact

• Minimal impact on shareholders as this is a routine, non-discretionary transaction by an executive to cover tax obligations on vested equity awards.
• No direct impact on employees, customers, suppliers, or creditors.

Key Dates

Keywords

Cleveland-Cliffs, CLF, Kimberly Floriani, Insider Transaction, Form 4, Share Disposition, Restricted Stock Units, Tax Liability, Executive Compensation