GONCALVES LOURENCO 4
4 · CLEVELAND-CLIFFS INC. · Filed Jan 6, 2023
Insider Transaction Report
Form 4
GONCALVES LOURENCO
DirectorChairman, President & CEO
Transactions
- Award
Common Shares
2023-01-04+563,864→ 2,538,599 total - Tax Payment
Common Shares
2023-01-04$17.20/sh−403,034$6,932,185→ 2,135,565 total
Holdings
- 3,000,000(indirect: By Trust)
Common Shares
Footnotes (3)
- [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 255,713 shares underlying performance shares and 147,321 shares underlying restricted share units in payment of the related tax liability incurred on January 4, 2023.
- [F3]Reflects the Reporting Person's contribution of Issuer common shares to a grantor retained annuity trust since the date of the Reporting Person's last Section 16 report. These shares were previously reflected on the Reporting Person's Section 16 reports as being directly held.