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CLEVELAND-CLIFFS INC. Director's Dealing 2022

Jan 6, 2022

30881_dirs_2022-01-06_4f205138-2c23-414b-8d79-51909aee520e.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CLEVELAND-CLIFFS INC. (CLF)
CIK: 0000764065
Period of Report: 2022-01-04

Reporting Person: Smith Clifford T (EVP & President, CC Steel)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-01-04	Common Shares	A	91548	—	Acquired	597495	Direct
2022-01-04	Common Shares	F	60875	$22.62	Disposed	536620	Direct

Footnotes

F1: Reflects a payout of performance shares for the 2019-2021 performance period earned under the Issuer's 2015 Equity and Incentive Compensation Plan, as amended.

F2: Reflects the mandatory surrender of 40,647 shares underlying performance shares and 20,228 shares underlying restricted share units in payment of the related tax liability incurred on January 4, 2022.