Form 4: Director Ron A. Bloom Receives Cleveland-Cliffs Equity Grant

Director Ron A. Bloom was granted 15,334 restricted common shares of Cleveland-Cliffs Inc. as part of the 2026 director compensation plan.

Summary

• Director Ron A. Bloom acquired 15,334 restricted common shares of Cleveland-Cliffs Inc. (CLF).
• The transaction occurred on April 21, 2026.
• The shares were granted at a price of $0 as part of the 2021 Nonemployee Directors' Compensation Plan.
• Following this transaction, the reporting person's total beneficial ownership is 123,108 common shares.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral, routine administrative filing regarding director compensation.

Positives

• The grant aligns the director's interests with those of shareholders through equity-based compensation.

Negatives

• None identified.

Risks

• None identified.

Future Outlook

Not applicable as this is a routine director compensation disclosure.

Industry Context

StockSavvy.ai notes that equity grants to directors are standard corporate governance practices designed to ensure long-term alignment between board members and company performance in the steel and mining sector.

Comparison to Industry Standards

• The issuance of restricted stock units or shares as part of director compensation is a standard practice among S&P 500 and major industrial companies.
• The structure follows the established 2021 Nonemployee Directors' Compensation Plan.

Corporate Governance

Stakeholder Impact

• Minimal impact on shareholders; represents standard director compensation.

Next Steps

• None mentioned.

Key Dates

Keywords

Cleveland-Cliffs, CLF, Form 4, Director Compensation, Insider Transaction, Equity Grant