Clifford T. Smith - Jan 4, 2022 Form 4 Insider Report for CLEVELAND-CLIFFS INC. (CLF)

Role
EVP & President, CC Steel
Signature
/s/ James D. Graham by Power of Attorney
Stock symbol
CLF
Transactions as of
Jan 4, 2022
Transactions value $
-$1,376,993
Form type
4
Date filed
1/6/2022, 08:03 PM
Next filing
Feb 28, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CLF Common Shares Award $0 +91.5K +18.09% $0.00 597K Jan 4, 2022 Direct F1
transaction CLF Common Shares Tax liability -$1.38M -60.9K -10.19% $22.62 537K Jan 4, 2022 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
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.