BALDWIN JOHN T. - 26 Apr 2023 Form 4 Insider Report for CLEVELAND-CLIFFS INC. (CLF)

Role
Director
Signature
/s/ James D. Graham by Power of Attorney
Issuer symbol
CLF
Transactions as of
26 Apr 2023
Net transactions value
$0
Form type
4
Filing time
28 Apr 2023, 16:21:04 UTC
Previous filing
28 Apr 2022
Next filing
26 Apr 2024
SEC
View on sec.gov

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction CLF Deferred Shares Award $0 +9,433 +19% $0.000000 59,650 26 Apr 2023 Common Shares 9,433 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Reporting Person has elected to defer his 2023 Director Restricted Shares (the "Deferred Shares").
F2 Each Deferred Share is the economic equivalent of one Issuer common share. The Deferred Shares become payable in common stock in accordance with the Reporting Person's deferral election and the terms of the Cleveland-Cliffs Inc. 2021 Nonemployee Directors' Compensation Plan.