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CLEVELAND-CLIFFS INC. — Director's Dealing 2026
Feb 20, 2026
30881_dirs_2026-02-20_66911c64-a70a-4098-8324-60f9a85d618e.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: 2026-02-18
Reporting Person: Goncalves Celso L Jr (EVP, CFO)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2026-02-18 | Restricted Stock Units | $ | A | 188531 | Acquired | Common Shares (188531) | Direct | |
| 2026-02-18 | Market Stock Units | $ | A | 188531 | Acquired | Common Shares (188531) | Direct |
Footnotes
F1: Each of the restricted stock units reported in this row represents a contingent right to receive a value in cash relating to the price of the Issuer's common shares.
F2: The restricted stock units generally vest on the third anniversary of the date of grant of February 18, 2026, subject to the other terms of the award.
F3: Each of the target market stock units reported in this row represents a contingent right to receive one Issuer common share.
F4: In general, the target market stock units can be earned from 50% to 150% based on Issuer stock price performance achievement during a three-year performance period starting February 18, 2026, subject to the other terms of the award.