GONCALVES LOURENCO 4
4 · CLEVELAND-CLIFFS INC. · Filed Jan 5, 2024
Insider Transaction Report
Form 4
GONCALVES LOURENCO
DirectorChairman, President & CEO
Transactions
- Award
Common Shares
2024-01-03+137,670→ 2,602,555 total - Tax Payment
Common Shares
2024-01-03$19.64/sh−133,317$2,618,346→ 2,469,238 total
Holdings
- 898,800(indirect: By Trust)
Common Shares
- 2,101,200(indirect: By Trust)
Common Shares
Footnotes (4)
- [F1]Reflects a payout of performance shares for the 2021-2023 performance period earned under the Issuer's 2015 Equity and Incentive Compensation Plan, as amended.
- [F2]Reflects the exempt change in form of beneficial ownership for 2,101,200 Issuer common shares received by the Reporting Person from a 2022 grantor retained annuity trust since the date of the Reporting Person's last filed Form 4. These 2,101,200 Issuer common shares were previously reflected as being held indirectly through the 2022 grantor retained annuity trust.
- [F3]Reflects the Reporting Person's exempt contribution of 2,101,200 Issuer common shares to a 2023 grantor retained annuity trust since the date of the Reporting Person's last filed Form 4. These 2,101,200 Issuer common shares, described in footnote two, were previously reflected as being held indirectly through the 2022 grantor retained annuity trust.
- [F4]Reflects the mandatory surrender of 62,434 shares underlying performance shares and 70,883 shares underlying restricted share units in payment of the related tax liability incurred on January 3, 2024.