Form 4: Cleveland-Cliffs Executive Terry G. Fedor Reports Share Transaction

Executive Vice President of Operations at Cleveland-Cliffs, Terry G. Fedor, surrendered 5,993 common shares to cover tax liabilities related to restricted share units.

Summary

• Terry G. Fedor, Executive Vice President of Operations at Cleveland-Cliffs Inc., reported a transaction involving the company's common shares.
• On January 3, 2025, Mr. Fedor surrendered 5,993 shares to cover tax obligations related to the payout of restricted share units.
• The shares were surrendered at a price of $9.5 per share.
• Following this transaction, Mr. Fedor directly owns 528,624 common shares of Cleveland-Cliffs Inc.

Sentiment

Score: 5

Explanation: The document is a routine SEC filing related to executive compensation and does not indicate any positive or negative sentiment.

Industry Context

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

Comparison to Industry Standards

• The transaction is a standard practice for executives receiving stock-based compensation.
• Similar transactions are regularly reported by executives at other publicly traded companies such as US Steel (X) and Nucor (NUE).
• The surrender of shares to cover tax liabilities is a common mechanism to manage the tax implications of equity awards.

Stakeholder Impact

• The transaction has a minor impact on the total number of outstanding shares.
• The transaction is part of the executive compensation package and is not expected to have a significant impact on shareholders.

Key Dates

Keywords

Cleveland-Cliffs, CLF, Terry G. Fedor, share transaction, restricted share units, executive compensation, insider trading, Form 4