Smith Clifford T. - 04 Jan 2023 Form 4 Insider Report for CLEVELAND-CLIFFS INC. (CLF)

Role
EVP & President, CC Steel
Signature
/s/ James D. Graham by Power of Attorney
Issuer symbol
CLF
Transactions as of
04 Jan 2023
Net transactions value
-$1,710,248
Form type
4
Filing time
06 Jan 2023, 16:12:37 UTC
Previous filing
28 Feb 2022
Next filing
23 Feb 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CLF Common Shares Award $0 +139,111 +24% $0.000000 725,132 04 Jan 2023 Direct F1
transaction CLF Common Shares Tax liability $1,710,248 -99,433 -14% $17.20 625,699 04 Jan 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 63,087 shares underlying performance shares and 36,346 shares underlying restricted share units in payment of the related tax liability incurred on January 4, 2023.