Yocum Arlene M 4

What Happened
Arlene M. Yocum, a director of Cleveland‑Cliffs Inc. (CLF), received an award of 15,334 restricted shares on April 21, 2026. The shares were granted at $0.00 per share (transaction code A — award/grant), so no cash was exchanged. The filing lists the total acquisition value as $0 and identifies the grant as director compensation under the company’s plan.

Key Details

• Transaction date: 2026-04-21; Form 4 filed: 2026-04-23 (appears timely — within the usual 2-business‑day window).
• Shares granted: 15,334 restricted shares; price per share reported: $0.00; total reported value: $0.
• Shares owned after transaction: Not specified in this Form 4.
• Footnote: Granted as the 2026 Director Restricted Shares under the 2021 Nonemployee Directors' Compensation Plan (F1).
• Transaction code: A (award/grant). No 10b5-1 plan, tax withholding, or immediate sale reported.

Context
This was a compensatory grant to a nonemployee director, typically subject to vesting and transfer restrictions; such awards are routine for board members and do not necessarily signal a buy or sell decision. Restricted share awards are not cash purchases by the insider and may not reflect near‑term trading intent.