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CLEVELAND-CLIFFS INC. — Director's Dealing 2023
Jan 6, 2023
30881_dirs_2023-01-06_90b78000-d6c4-446e-aa9f-a54a6ff6b3ac.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: 2023-01-04
Reporting Person: GONCALVES LOURENCO (Director, Chairman, President & CEO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2023-01-04 | Common Shares | A | 563864 | — | Acquired | 2538599 | Direct |
| 2023-01-04 | Common Shares | F | 403034 | $17.20 | Disposed | 2135565 | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Shares | 3000000 | Indirect |
Footnotes
F1: Reflects a payout of performance shares for the 2020-2022 performance period earned under the Issuer's 2015 Equity and Incentive Compensation Plan, as amended.
F2: Reflects the mandatory surrender of 255,713 shares underlying performance shares and 147,321 shares underlying restricted share units in payment of the related tax liability incurred on January 4, 2023.
F3: Reflects the Reporting Person's contribution of Issuer common shares to a grantor retained annuity trust since the date of the Reporting Person's last Section 16 report. These shares were previously reflected on the Reporting Person's Section 16 reports as being directly held.