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CLEVELAND-CLIFFS INC. Director's Dealing 2022

Jan 6, 2022

30881_dirs_2022-01-06_48de141c-664b-46e2-be96-f73a6a8db2e6.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: Koci Keith (EVP & President, CC Services)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-01-04	Common Shares	A	53298	—	Acquired	273331	Direct
2022-01-04	Common Shares	F	32980	$22.62	Disposed	240351	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 20,894 shares underlying performance shares and 12,086 shares underlying restricted share units in payment of the related tax liability incurred on January 4, 2022.