Camara Edilson 4

What Happened

• Camara Edilson, a director of Cleveland-Cliffs Inc. (CLF), received a grant of 15,334 restricted shares on April 21, 2026. The shares were reported at an acquisition price of $0.00 (award/grant), reflecting a compensation award rather than a market purchase.

Key Details

• Transaction date: 2026-04-21; Form 4 filed 2026-04-23 (timely within the standard two-business-day filing window).
• Transaction type/code: Award/Grant (A).
• Shares granted: 15,334; reported acquisition price: $0.00.
• Shares owned after transaction: Not disclosed on the Form 4 filing.
• Footnote: Grant described as the 2026 Director Restricted Shares under the 2021 Nonemployee Directors' Compensation Plan (per footnote F1).
• No sale or open-market purchase was reported in this filing.

Context

• Restricted shares are typically awarded as director compensation and often vest over a specified schedule; they are not an immediate market purchase and do not necessarily signal a bullish trade by the insider.
• Because the grant is compensation-based and reported at $0, the filing documents the award itself — any taxable value or future sale would depend on vesting and subsequent transactions.