CLEVELAND-CLIFFS INC. (CLF)

Insider Trading Filed: 2026-04-23

Key Insights

Director Arlene M. Yocum acquired 15,334 restricted shares on 04/21/2026 as part of the 2026 Director Restricted Shares compensation plan, increasing her total beneficial ownership to 136,467 shares.
This transaction represents routine director compensation rather than discretionary open-market buying, indicating no insider confidence signal regarding stock valuation.
The filing shows restricted shares granted at $0 consideration, which is standard practice for equity compensation plans and does not reflect market trading activity or insider sentiment about CLF's prospects.

Insider Trading Filed: 2026-04-23

Key Insights

Director Oren Ben acquired 15,334 restricted shares on 04/21/2026 as part of the 2026 Director Restricted Shares compensation plan, bringing total beneficial ownership to 48,068 shares.
This transaction represents routine director compensation through restricted stock grants under the 2021 Nonemployee Directors' Compensation Plan, with $0 transaction price indicating a grant rather than a market purchase.
The filing shows no derivative securities activity and all ownership is direct, suggesting straightforward equity compensation with no complex hedging or offsetting positions by this board member.

Insider Trading Filed: 2026-04-23

Key Insights

Director Michael Ralph S III acquired 15,334 restricted shares on 04/21/2026 as part of the 2026 Director Restricted Shares grant under the 2021 Nonemployee Directors' Compensation Plan, bringing total beneficial ownership to 233,420 shares.
This transaction represents routine director compensation with shares granted at $0 price, indicating a standard equity incentive grant rather than open market purchases.
The filing shows no derivative securities activity and no sales/dispositions, suggesting the director is maintaining or building their position in CLF stock without any offsetting sales.

Insider Trading Filed: 2026-04-23

Key Insights

Director Jane M. Cronin acquired 15,334 restricted shares on 04/21/2026 as part of the 2026 Director Restricted Shares compensation under the 2021 Nonemployee Directors' Compensation Plan, increasing her total beneficial ownership to 74,110 shares.
This transaction represents routine director compensation (restricted shares grant) with $0 transaction price, indicating this is a non-cash equity award rather than a market purchase, which is typical for board member compensation.
No derivative securities activity or insider selling is reported, suggesting no immediate insider concerns about stock valuation or company outlook at this time.

Insider Trading Filed: 2026-04-23

Key Insights

Director Camara Edilson received 15,334 restricted shares on 04/21/2026 as part of the 2026 Director Restricted Shares compensation plan, with zero purchase price indicating this was a grant rather than a purchase.
Following this transaction, the director's total beneficial ownership increased to 57,317 common shares held directly, reflecting cumulative equity compensation as a board member.
This is routine director compensation activity under the 2021 Nonemployee Directors' Compensation Plan, representing standard equity grants rather than discretionary insider buying that might signal confidence in the company's prospects.

Insider Trading Filed: 2026-04-23

Key Insights

Director Ron A. Bloom acquired 15,334 restricted shares on 04/21/2026 as part of the 2026 Director Restricted Shares grant under the 2021 Nonemployee Directors' Compensation Plan, increasing his total beneficial ownership to 123,108 shares.
This transaction represents routine director compensation in the form of restricted stock grants rather than open market purchases, indicating no directional conviction about the stock's valuation from the insider.
The $0 price notation confirms these are equity compensation grants rather than purchases, which is standard practice for board compensation but provides no signal regarding management's confidence in near-term stock performance.

Insider Trading Filed: 2026-04-23

Key Insights

Director John T. Baldwin acquired 15,334 deferred shares on 04/21/2026, which are economically equivalent to common stock and will be settled in shares per the 2021 Nonemployee Directors' Compensation Plan.
This transaction represents director compensation deferral rather than open-market buying activity, indicating no material insider confidence signal about near-term stock price appreciation.
Baldwin maintains a beneficial ownership position of 101,229.954 shares following this transaction, suggesting sustained engagement with the company as a board member.

Quarterly Report Filed: 2026-04-21

Key Insights

The filing shows detailed segment reporting across steelmaking and other businesses with multiple product categories (hot rolled, cold rolled, coated, stainless steel, plate, and slab products), indicating Cleveland-Cliffs maintains a diversified product portfolio serving automotive, infrastructure, and manufacturing end-markets.
Presence of restructuring accruals (employee severance and other restructuring charges) suggests the company is undergoing operational optimization, which could impact near-term costs but may improve efficiency and profitability.
The filing includes multiple customer segments (automotive, infrastructure/manufacturing, distributors/converters, and steel producers) representing both direct and third-party relationships, providing revenue diversification across cyclical and non-cyclical markets.
Adjusted EBITDA calculation metrics are tracked separately, indicating management's focus on normalized profitability measures, which is relevant for evaluating operational performance independent of one-time items and capital structure.

Insider Trading Filed: 2026-04-02

Key Insights

The reporting person, Gabriel Stoliar, acquired 2,418 common shares of Cleveland-Cliffs Inc. (CLF) as part of their director compensation, suggesting continued engagement and confidence in the company.
The reporting person sold 725 common shares to cover tax liabilities, indicating some liquidity needs but maintaining a substantial direct ownership stake of 258,992 shares.
The reporting person also holds an additional 29,361 shares indirectly through a personal company, further demonstrating their investment in Cleveland-Cliffs Inc.

Insider Trading Filed: 2026-04-02

Key Insights

Jane M. Cronin, a director at Cleveland-Cliffs Inc. (CLF), acquired 4,534 common shares of the company on April 1, 2026 at $8.27 per share, increasing her total direct ownership to 58,776 shares.
Cronin's acquisition of shares is a sign of her confidence in the company's performance and aligns her interests with those of other shareholders.
The Nonemployee Director Retainer Share Election Program, which allows directors to receive their quarterly retainer in the form of company shares, provides a mechanism for directors to increase their ownership stake over time.

Insider Trading Filed: 2026-04-02

Key Insights

Ron A. Bloom, a director of Cleveland-Cliffs Inc., acquired 4,837 common shares through the company's Nonemployee Director Retainer Share Election Program, demonstrating his alignment with shareholders.
The reported transaction indicates that Bloom has increased his direct ownership of Cleveland-Cliffs shares to 107,774, suggesting his confidence in the company's prospects.
The acquisition of shares through the Retainer Election Program, in lieu of cash compensation, suggests Bloom's long-term commitment to the company and its performance.

Current Report Filed: 2026-02-23

Key Insights

Douglas C. Taylor, the Lead Director of the Board, has resigned due to a change in his primary business affiliation, which is a routine governance matter.
The Board has appointed Ralph S. Michael, III as the new Lead Director and Edilson T. Camara as the new Chairman of the Compensation and Organization Committee, filling the roles previously held by Mr. Taylor.
The filing does not indicate any disagreement between Mr. Taylor and the Company, suggesting a smooth leadership transition.

Insider Trading Filed: 2026-02-20

Key Insights

The reporting person, Keith Koci, acquired 163,791 restricted stock units and 163,791 market stock units on February 18, 2026, indicating increased equity ownership and alignment with shareholders.
The restricted stock units vest on the third anniversary of the grant date, subject to continued employment, while the market stock units can be earned based on the company's stock price performance over a three-year period.
The transaction reflects the company's long-term incentive compensation program, which aims to motivate and retain key executives through equity-based awards.

Insider Trading Filed: 2026-02-20

Key Insights

Kimberly A. Floriani, the SVP, Controller & CAO of Cleveland-Cliffs Inc., acquired 29,573 restricted stock units and 29,573 market stock units on February 18, 2026.
The restricted stock units generally vest on the third anniversary of the grant date, subject to the terms of the award, while the market stock units can be earned from 50% to 150% based on stock price performance over a three-year period.
This insider transaction suggests Floriani's confidence in the company's future performance and aligns her incentives with those of shareholders.

Insider Trading Filed: 2026-02-20

Key Insights

James D. Graham, the EVP Chief Legal Admin & Sec, has acquired 141,991 restricted stock units and 141,991 market stock units, indicating confidence in the company's future performance.
The restricted stock units will vest on the third anniversary of the grant date, aligning Graham's interests with long-term shareholders.
The market stock units are performance-based, with the number of shares earned dependent on the company's stock price performance over a three-year period, further incentivizing Graham to drive shareholder value.

Insider Trading Filed: 2026-02-20

Key Insights

The reporting person, Celso L. Goncalves Jr., an EVP and CFO of Cleveland-Cliffs Inc. (CLF), acquired 188,531 restricted stock units and 188,531 market stock units on February 18, 2026, indicating the company's commitment to incentivizing and retaining its senior leadership.
The restricted stock units vest on the third anniversary of the grant date, suggesting a long-term focus on the company's performance, while the market stock units are tied to the company's stock price performance over a three-year period, aligning the executive's interests with those of shareholders.
The transaction represents a significant increase in the reporting person's beneficial ownership of CLF securities, potentially signaling their confidence in the company's future prospects.

Insider Trading Filed: 2026-02-20

Key Insights

The reporting person, Clifford T. Smith, an EVP & Chief Operating Officer of Cleveland-Cliffs Inc., acquired 198,128 restricted stock units and 198,128 market stock units on February 18, 2026, indicating the company's commitment to incentivizing its leadership team.
The restricted stock units vest on the third anniversary of the grant date, while the market stock units can be earned based on the company's stock price performance over a three-year period, aligning the executive's interests with those of shareholders.
The significant equity awards, totaling 396,256 shares, suggest the company's focus on retaining and motivating its key executives to drive long-term value creation.

Insider Trading Filed: 2026-02-20

Key Insights

The reporting person, Lourenco Goncalves, who is the Chairman, President, and CEO of Cleveland-Cliffs Inc. (CLF), acquired a substantial number of restricted stock units (650,900) and market stock units (650,900) on February 18, 2026.
The restricted stock units generally vest on the third anniversary of the grant date, while the market stock units can be earned based on the company's stock price performance during a three-year period.
This insider buying activity suggests that the CEO is confident in the company's future prospects and aligns his interests with those of shareholders.

Insider Trading Filed: 2026-02-18

Key Insights

The reporting person, Clifford T. Smith, an EVP and Chief Operating Officer of Cleveland-Cliffs Inc., sold 200,000 common shares on February 17, 2026 at a weighted average price of $10.4604 per share.
Smith continues to beneficially own 560,529 direct common shares and 100,106 indirect shares held in a grantor retained annuity trust.
Insider selling can sometimes signal a potential change in management's outlook or confidence in the company's future performance, which investors should monitor.

Insider Trading Filed: 2026-02-13

Key Insights

Edilson Camara, a director of Cleveland-Cliffs Inc., has purchased 19,700 common shares of the company at a weighted average price of $10.1333 per share.
This purchase increases Camara's direct beneficial ownership in the company to 41,983 shares, indicating his confidence in the company's prospects.
The timing of the purchase, just a few months before the filing date, suggests Camara sees near-term upside potential in the stock.

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