Keith Koci - Jan 4, 2023 Form 4 Insider Report for CLEVELAND-CLIFFS INC. (CLF)

Role
EVP & President, CC Services
Signature
/s/ James D. Graham by Power of Attorney
Stock symbol
CLF
Transactions as of
Jan 4, 2023
Transactions value $
-$869,959
Form type
4
Date filed
1/6/2023, 04:12 PM
Previous filing
May 12, 2022
Next filing
Feb 23, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CLF Common Shares Award $0 +74.2K +25.17% $0.00 369K Jan 4, 2023 Direct F1
transaction CLF Common Shares Tax liability -$870K -50.6K -13.71% $17.20 318K Jan 4, 2023 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 2020-2022 performance period earned under the Issuer's 2015 Equity and Incentive Compensation Plan, as amended.
F2 Reflects the mandatory surrender of 29,706 shares underlying performance shares and 20,873 shares underlying restricted share units in payment of the related tax liability incurred on January 4, 2023.