Bloom Ron A. 4

What Happened
Ron Bloom, a director of Cleveland-Cliffs, was awarded 15,334 restricted shares on April 21, 2026. The Form 4 reports the grant as an award/acquisition (transaction code A) at an acquisition price of $0, reflecting a standard director compensation grant rather than an open-market purchase.

Key Details

• Transaction date: 2026-04-21; Form 4 filed: 2026-04-23 (filed two days after the transaction, within the typical Form 4 reporting window).
• Transaction type/code: Award/Grant (A).
• Shares granted: 15,334 restricted shares.
• Acquisition price: $0 (typical for restricted stock awards granted as compensation).
• Shares owned after transaction: Not stated in the provided filing.
• Footnote: The grant reflects the 2026 Director Restricted Shares awarded under the 2021 Nonemployee Directors' Compensation Plan (per footnote F1).

Context
Restricted-share grants are routine compensation for non-employee directors and are typically subject to vesting and other terms of the company plan. Because this was a compensation award (not an open-market purchase or sale), it should be viewed as part of standard director pay rather than a direct bullish or bearish trading signal.