CLEVELAND-CLIFFS INC. — Director's Dealing 2022

Jan 6, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

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

Reporting Person: Fedor Terry G. (EVP, Operations, East)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-01-04	Common Shares	A	55054	—	Acquired	465815	Direct
2022-01-04	Common Shares	F	34114	$22.62	Disposed	431701	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 21,800 shares underlying performance shares and 12,314 shares underlying restricted share units in payment of the related tax liability incurred on January 4, 2022.