January 3, 2024 · Form 4 insider transaction
GONCALVES LOURENCO sold 133,317 shares of Cleveland-Cliffs Inc. at $19.64 per share, a transaction worth $2.62M. The trade was recorded as shares withheld for taxes and disclosed on an SEC Form 4, filed 2 days after the transaction.
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.; 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.; 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.