Cleveland-Cliffs Inc. (CLF)

USD9.67 -0.13 (-1.28%)

US NYSE S&P 500 Basic Materials Steel

Address 200 Public Square 44114-2315
Cleveland, OH, US

CEO C. Lourenco Goncalves

Website clevelandcliffs.com

IPO 1987-11-05

CIK 764065 ISIN US1858991011

Explore sections of this company profile

Section

Also trades on Deutsche Börse · CVA.DE (EUR) Frankfurt Stock Exchange · CVA.F (EUR) London Stock Exchange · 0I0H.L (USD) New York Stock Exchange · CLF (USD)

Description

Cleveland-Cliffs Inc. stands as a prominent North American manufacturer specializing in flat-rolled steel. The company's diverse product portfolio encompasses a wide array of carbon steel forms, including hot-rolled, cold-rolled, electrogalvanized, hot-dip galvanized, hot-dip galvannealed, aluminized, enameling, and advanced high-strength steel. Additionally, they supply stainless steel, various steel plates, and specialized electrical steels (both grain-oriented and non-oriented). Beyond these core offerings, Cleveland-Cliffs produces tubular components, fabricated from carbon steel, stainless steel, and via electric resistance welding. Their tinplate division manufactures electrolytic tin-coated and chrome-coated sheets, alongside other tin mill products. The company also provides essential raw materials, ingots, rolled and cast blooms, hot-briquetted iron, and services like tooling and sampling. A key aspect of its operations is vertical integration, as the company owns and manages five iron ore mines located in Minnesota and Michigan. Cleveland-Cliffs serves a broad customer base, including the automotive industry, infrastructure and general manufacturing sectors, distributors, converters, and other steel producers. Founded in 1847, the company is headquartered in Cleveland, Ohio, and officially adopted the name Cleveland-Cliffs Inc. in August 2017, having previously been known as Cliffs Natural Resources Inc.

News Sentiment (7d)

3 articles

Cleveland-Cliffs (CLF) Suffers a Larger Drop Than the General Market: Key Insights Zacks Investment Research

Market Cap & Enterprise Value

Merger & Acquisition History

Target company	Ticker	Date	Filing
Alpha	ANR	2008-08-12	View
Steel Holding Corporation	AKS	2020-01-08	View

Index membership

Index	Added	Removed	Status
S&P 500	2009-12-18	—	Active

Technical Outlook

Loading outlook…

Loading forecast...

Signal Summary Loading…

Indicator	1D	1W	2W	3W	1M

Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.

Day Score & sub-scores

Statistical fingerprint & regime detail

Conditional historical analysis

Customize analysis (advanced)

From To

Indicative levels generated algorithmically. Not financial advice.

Risk Profile

Loading risk profile…

Price Chart

From To

Averages

Trend

Price

Levels

Draw

USD9.67 -0.13 (-1.28%)

Loading historical data…

Volume Profile

From To

Loading…

Liquidity & share structure

Average Volume

18M

Beta

2.09

Float Shares

564.46M

Free Float %

99.0%

Price Performance

1D	5D	1M	3M	6M	YTD	1Y	3Y	5Y	10Y	Max
+2.33%	+18.67%	+33.33%	+27.58%	+4.29%	+2.41%	+133.28%	-4.16%	-33.63%	+217.76%	+398.17%

Rolling Volatility

Loading…

Drawdown

Loading…

Relative Strength

Loading…

Monthly Returns Heatmap

From To

Loading…

Annual Monthly Returns

Loading…

Daily Returns Distribution

From To

vs.

Loading histogram data…

Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Compare

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Analyst Consensus (43 ratings, all time) Hold

Price Targets & DCF

Current price

9.67

Low 9.00 -6.9%

Consensus 10.68 +10.5%

Median 10.00 +3.5%

High 13.00 +34.5%

DCF (Unlevered) 26.94 +178.7%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 15% Bullish

Rating	2026-05	Change
Strong Buy	1	0
Buy	1	0
Hold	9	0
Sell	0	0
Strong Sell	2	+1

Price Target Summary

Period	# Analysts	Avg Target
Last Month	2	9.50 -1.7%
Last Quarter	3	10.33 +6.9%
Last Year	12	11.89 +23.0%
All Time	25	16.65 +72.3%

Quality scores

Altman Z-Score

1.23

Distress

Piotroski F-Score

2 / 9

Weak

MOAT Score

3 / 10

No MOAT

Composite Rating

C-

Overall Score

1 / 5

Low

DCF Score

1 / 5

Low

ROE Score

1 / 5

Low

ROA Score

1 / 5

Low

D/E Score

1 / 5

Low

P/E Score

1 / 5

Low

P/Book Score

4 / 5

High

Operational MOAT

✗ Below peers

✗
Revenue growth Steel: +1.2%

-3.0% Q1'26: +6.3% (vs Q1'25)
✗
EPS growth Steel: +17.4%

-91.1% Q1'26: +58.0% (vs Q1'25)
✗
FCF margin FCF growth · Steel: +44.2%

-2.2% Q1'26: -9.7% (vs Q1'25)
✗
EBIT margin Steel: +5.8%

-7.3% Q1'26: -4.2% (vs Q1'25)
✗
ROIC Steel: +4.3%

-9.4% Q1'26: -4.4% (vs Q1'25)
✗
Share dilution Steel: +0.0%

+2.5% Q1'26: +14.0% (vs Q1'25)
✗
Debt / EBITDA Net debt/EBITDA · Steel: 0.57×

-181.58× Q1'26: 37.32× (vs Q1'25)

Valuation Multiples From To

Price Forecast (3Y) From To

Model

Adjust

P/E

Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)

Projection years:

Market assumptions

WACC (%)

Terminal g (%)

▶ WACC components (optional)

Risk-free rate (%)

Market risk premium (%)

Ke (Cost of Equity) = Rf + β (2.01) × ERP

WACC = 45% × Ke + 55% × Kd (7.3%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions

Revenue growth (%)

EBIT margin (%)

CapEx / Revenue (%)

Tax rate (%)

—

Intrinsic value (base): 26.94 Current price: 9.67

Enterprise Value: — Equity Value: — Terminal Value: — TV as % of EV: —

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates

Metric	Dec 1998 actual	Dec 1999 actual	Dec 2000 actual	Dec 2001 actual	Dec 2002 actual	Dec 2004 actual	Dec 2005 actual	Dec 2006 actual	Dec 2008 actual	Dec 2009 actual	Dec 2010 actual	Dec 2011 actual	Dec 2012 actual	Dec 2013 actual	Dec 2014 actual	Dec 2015 actual	Dec 2016 actual	Dec 2017 actual	Dec 2018 actual	Dec 2019 actual	Dec 2020 actual	Dec 2021 actual	Dec 2022 actual	Dec 2023 actual	Dec 2024 actual	Dec 2025 actual	Dec 2026 9 Rev. Ana. 7 EPS Ana.	Dec 2027 8 Rev. Ana. 6 EPS Ana.	Dec 2028 6 Rev. Ana. 3 EPS Ana.	Dec 2029 5 Rev. Ana. 1 EPS Ana.
Revenue	493.80M est: 445.40M (+10.9%)	361.40M est: 992.75M (-63.6%)	430.10M est: 803.17M (-46.4%)	330.40M est: 481.08M (-31.3%)	598.60M est: 1.13B (-47.0%)	1.21B est: 1.50B (-19.5%)	1.74B est: 1.69B (+3.2%)	1.92B est: 1.77B (+8.5%)	3.61B est: 4.25B (-15.1%)	2.34B est: 3.37B (-30.6%)	4.68B est: 4.49B (+4.3%)	6.79B est: 6.59B (+3.0%)	5.87B est: 7.93B (-25.9%)	5.69B est: 5.04B (+13.0%)	4.62B est: 7.17B (-35.5%)	2.01B est: 2.04B (-1.2%)	2.11B est: 2.04B (+3.5%)	2.33B est: 2.34B (-0.4%)	2.33B est: 2.38B (-2.0%)	1.99B est: 2.01B (-0.9%)	5.35B est: 5.42B (-1.2%)	20.44B est: 20.79B (-1.7%)	22.99B est: 23.07B (-0.4%)	22.00B est: 21.01B (+4.7%)	19.19B est: 19.27B (-0.4%)	18.61B est: 18.88B (-1.4%)	20.61B 19.41B – 21.40B +9.2% YoY	21.08B 19.50B – 22.04B +2.3% YoY	21.35B 21.33B – 21.37B +1.3% YoY	22.47B 20.66B – 23.33B +5.3% YoY
EBITDA	97.40M est: 83.53M (+16.6%)	41.70M est: 73.84M (-43.5%)	56.60M est: 53.28M (+6.2%)	12.60M est: -306.37M (+104.1%)	21.40M est: -151.43M (+114.1%)	154.30M est: 354.75M (-56.5%)	395.00M est: 384.61M (+2.7%)	445.00M est: 412.53M (+7.9%)	957.20M est: 710.45M (+34.7%)	565.50M est: 1.29B (-56.3%)	1.69B est: 1.37B (+23.8%)	2.88B est: 2.14B (+34.9%)	219.60M est: -592.52M (+137.1%)	1.26B est: 649.39M (+94.3%)	-8.91B est: -29.92B (+70.2%)	675.60M est: -907.77M (+174.4%)	288.00M est: 1.46B (-80.2%)	477.90M est: 279.07M (+71.2%)	776.00M est: 668.32M (+16.1%)	498.40M est: 342.51M (+45.5%)	353.00M est: 501.82M (-29.7%)	5.04B est: 2.50B (+102.0%)	3.11B est: 3.35B (-7.3%)	1.86B est: 2.03B (-8.5%)	378.00M est: 1.86B (-79.7%)	-45.00M est: 1.83B (-102.5%)	1.99B 1.88B – 2.07B +9.2% YoY	2.04B 1.89B – 2.13B +2.3% YoY	2.06B 2.06B – 2.07B +1.3% YoY	2.17B 2.00B – 2.26B +5.3% YoY
EBIT	77.10M est: 56.62M (+36.2%)	19.20M est: 31.57M (-39.2%)	31.20M est: 46.40M (-32.8%)	-10.80M est: -526.34M (+97.9%)	-12.50M est: -50.55M (+75.3%)	125.00M est: -62.59M (+299.7%)	342.20M est: 314.52M (+8.8%)	361.70M est: 328.59M (+10.1%)	756.10M est: 851.96M (-11.3%)	329.60M est: 1.30B (-74.6%)	1.33B est: 1.21B (+9.2%)	2.40B est: 2.19B (+9.6%)	-306.20M est: -426.02M (+28.1%)	1.38B est: 625.49M (+120.2%)	157.00M est: -33.77B (+100.5%)	541.60M est: 201.38M (+168.9%)	304.30M est: 258.72M (+17.6%)	390.20M est: 585.10M (-33.3%)	684.00M est: 578.47M (+18.2%)	413.30M est: 358.26M (+15.4%)	45.00M est: -101.69M (+144.3%)	4.14B est: 4.14B (0.0%)	2.07B est: 5.10B (-59.4%)	886.00M est: 967.14M (-8.4%)	-573.00M est: 886.92M (-164.6%)	-1.36B est: 869.04M (-256.0%)	948.62M 893.69M – 985.39M +9.2% YoY	970.30M 897.58M – 1.01B +2.3% YoY	982.82M 982.02M – 983.63M +1.3% YoY	1.03B 951.03M – 1.07B +5.3% YoY
Net Income	57.40M est: 49.83M (+15.2%)	4.80M est: 7.27M (-34.0%)	18.10M est: 30.73M (-41.1%)	-22.90M est: -307.16M (+92.5%)	-188.30M est: -197.37M (+4.6%)	323.60M est: 366.59M (-11.7%)	277.60M est: 257.58M (+7.8%)	280.10M est: 254.42M (+10.1%)	515.80M est: 435.25M (+18.5%)	205.10M est: 1.07B (-80.8%)	1.02B est: 983.16M (+3.7%)	1.62B est: 1.51B (+7.1%)	-899.40M est: -1.14B (+20.9%)	413.50M est: 405.04M (+2.1%)	-7.19B est: -25.84B (+72.2%)	-749.30M est: -1.47B (+49.1%)	174.10M est: 796.89M (-78.2%)	374.90M est: 246.83M (+51.9%)	1.13B est: 1.19B (-5.2%)	292.80M est: 234.30M (+25.0%)	-122.00M est: -113.18M (-7.8%)	2.99B est: 3.11B (-4.0%)	1.34B est: 3.93B (-66.0%)	399.00M est: 44.00M (+806.8%)	-754.00M est: -343.25M (-119.7%)	-1.48B est: -1.21B (-22.2%)	-245.27M -402.33M – -158.67M +79.7% YoY	260.24M -86.79M – 260.36M +206.1% YoY	224.72M 108.38M – 341.07M -13.6% YoY	736.41M 659.19M – 773.00M +227.7% YoY
SGA	18.70M est: 18.23M (+2.6%)	16.10M est: 49.15M (-67.2%)	18.70M est: 30.48M (-38.7%)	21.00M est: 118.78M (-82.3%)	23.80M est: 29.61M (-19.6%)	37.60M est: 46.85M (-19.7%)	47.90M est: 47.11M (+1.7%)	64.00M est: 59.63M (+7.3%)	186.40M est: 179.34M (+3.9%)	-120.70M est: 556.60M (-121.7%)	238.00M est: 212.03M (+12.2%)	274.40M est: 274.04M (+0.1%)	282.50M est: 347.02M (-18.6%)	231.60M est: 257.16M (-9.9%)	208.70M est: 543.60M (-61.6%)	110.00M est: 124.53M (-11.7%)	117.80M est: 334.89M (-64.8%)	105.80M est: 149.36M (-29.2%)	116.80M est: 110.16M (+6.0%)	119.40M est: 115.37M (+3.5%)	244.00M est: 346.22M (-29.5%)	422.00M est: 458.83M (-8.0%)	465.00M est: 491.43M (-5.4%)	577.00M est: 510.96M (+12.9%)	486.00M est: 468.58M (+3.7%)	543.00M est: 459.13M (+18.3%)	501.18M 472.16M – 520.60M +9.2% YoY	512.63M 474.21M – 535.98M +2.3% YoY	519.25M 518.82M – 519.67M +1.3% YoY	546.54M 502.45M – 567.42M +5.3% YoY
EPS	0.64 est: 0.52 (+24.3%)	0.05 est: 0.39 (-86.2%)	0.22 est: 0.03 (+780.0%)	-0.29 est: -0.07 (-314.3%)	-2.33 est: 0.00 (-33,578,838,821,675,520,000.0%)	3.74 est: 1.12 (+235.4%)	3.13 est: 2.28 (+37.3%)	3.27 est: 2.35 (+39.1%)	5.07 est: 5.33 (-4.8%)	1.64 est: -0.80 (+305.0%)	7.54 est: 7.17 (+5.2%)	11.55 est: 10.88 (+6.2%)	-6.32 est: 5.25 (-220.4%)	2.40 est: 2.76 (-13.0%)	-46.96 est: 0.16 (-30,396.8%)	-4.89 est: -0.80 (-509.3%)	0.88 est: 0.56 (+58.5%)	1.30 est: 0.99 (+31.6%)	3.80 est: 2.07 (+83.6%)	1.06 est: 1.08 (-2.2%)	-0.32 est: -0.13 (-152.0%)	5.62 est: 5.94 (-5.4%)	2.57 est: 2.82 (-8.9%)	0.78 est: 0.09 (+776.6%)	-1.57 est: -0.57 (-176.6%)	-3.00 est: -2.50 (-20.1%)	-0.53 -0.82 – -0.32 +78.8% YoY	0.29 -0.18 – 0.53 +155.5% YoY	0.47 0.22 – 0.69 +60.9% YoY	1.50 1.34 – 1.57 +216.5% YoY

Recent Grade Changes (3M)

Date	Firm	Previous	New Grade	Action
2026-04-21	Morgan Stanley	Overweight	Overweight	Maintain

Historical Ratings (3M)

Date	Rating	Overall	DCF	ROE	ROA	D/E	P/E	P/B
2026-05-28	C-	1/5	1/5	1/5	1/5	1/5	1/5	4/5
2026-05-27	C-	1/5	1/5	1/5	1/5	1/5	1/5	4/5
2026-05-26	C-	1/5	1/5	1/5	1/5	1/5	1/5	4/5
2026-05-22	C-	1/5	1/5	1/5	1/5	1/5	1/5	4/5
2026-05-21	C-	1/5	1/5	1/5	1/5	1/5	1/5	4/5
2026-05-20	C-	1/5	1/5	1/5	1/5	1/5	1/5	4/5
2026-05-19	C-	1/5	1/5	1/5	1/5	1/5	1/5	4/5
2026-05-18	C-	1/5	1/5	1/5	1/5	1/5	1/5	4/5
2026-05-15	C-	1/5	1/5	1/5	1/5	1/5	1/5	4/5
2026-05-14	C-	1/5	1/5	1/5	1/5	1/5	1/5	4/5
2026-05-13	C-	1/5	1/5	1/5	1/5	1/5	1/5	4/5
2026-05-12	C-	1/5	1/5	1/5	1/5	1/5	1/5	4/5
2026-05-11	C-	1/5	1/5	1/5	1/5	1/5	1/5	4/5
2026-05-08	C-	1/5	1/5	1/5	1/5	1/5	1/5	4/5
2026-05-07	C-	1/5	1/5	1/5	1/5	1/5	1/5	4/5
2026-05-06	C-	1/5	1/5	1/5	1/5	1/5	1/5	4/5
2026-05-05	C-	1/5	1/5	1/5	1/5	1/5	1/5	4/5
2026-05-04	C-	1/5	1/5	1/5	1/5	1/5	1/5	4/5
2026-05-01	C-	1/5	1/5	1/5	1/5	1/5	1/5	4/5
2026-04-30	C-	1/5	1/5	1/5	1/5	1/5	1/5	4/5
2026-04-29	C-	1/5	1/5	1/5	1/5	1/5	1/5	4/5
2026-04-28	C-	1/5	1/5	1/5	1/5	1/5	1/5	4/5
2026-04-27	C-	1/5	1/5	1/5	1/5	1/5	1/5	4/5
2026-04-24	C-	1/5	1/5	1/5	1/5	1/5	1/5	4/5
2026-04-23	C	2/5	3/5	1/5	1/5	1/5	1/5	4/5
2026-04-22	C	2/5	3/5	1/5	1/5	1/5	1/5	4/5
2026-04-21	C	2/5	3/5	1/5	1/5	1/5	1/5	4/5
2026-04-20	C-	1/5	1/5	1/5	1/5	1/5	1/5	4/5
2026-04-17	C-	1/5	1/5	1/5	1/5	1/5	1/5	4/5
2026-04-16	C-	1/5	1/5	1/5	1/5	1/5	1/5	4/5

Owner Earnings

Owner's Earnings (history) From To

Owner alignment

Owner's Earnings TTM

-847.80M

OE per share TTM

-1.63

Owner's Yield

-11.05%

Maintenance CapEx ratio

—

Maint CapEx / Avg PPE

51.8%

Ownership Overview

Ownership breakdown

At a glance

Institutional holders

614

Total invested

3.96B

Insider transactions (90d)

Beneficial owners (>5%)

#	Reporting person ⇅	Amount owned ⇅	% of class ⇅	Sole voting ⇅	Shared voting ⇅	Sole dispositive ⇅	Shared dispositive ⇅	Type	Citizenship	Filing date ⇅	SEC filing
1	(1) BlackRock, Inc.	53.00M	10.10%	50.47M	—	53.00M	—	HC	Delaware	2022-07-08	↗
2	The Vanguard Group - 23-1945930	42.23M	8.44%	—	241.0K	41.59M	641.0K	IA	Pennsylvania	2022-02-09	↗
3	ArcelorMittal	38.19M	7.66%	38.19M	—	38.19M	—	CO	—	2021-02-25	↗
4	ArcelorMittal North America Holdings LLC	38.19M	7.66%	38.19M	—	38.19M	—	CO	—	2021-02-25	↗
5	Abigail P. Johnson	16.08M	5.94%	—	—	16.08M	—	IN	Delaware	2020-02-07	↗
6	FMR LLC	16.08M	5.94%	2.08M	—	16.08M	—	HC	Delaware	2020-02-07	↗
7	George W. Connell	14.30M	9.32%	14.30M	—	14.30M	—	IN	Commonwealth Pennsylvania USA	2016-01-29	↗
8	W. Connell	12.00M	7.83%	12.00M	—	12.00M	—	IN	Commonwealth of Pennsylvania, USA	2015-01-28	↗
9	Douglas Taylor	7.25M	4.70%	22.3K	7.23M	22.3K	10.00	IN	United States	2015-11-10	↗
10	Donald G. Drapkin	7.23M	4.70%	1.0K	7.23M	1.0K	10.00	IN	United States	2015-11-10	↗
11	Casablanca Capital LP	7.23M	4.70%	—	7.23M	—	10.00	IA, PN	Delaware	2015-11-10	↗
12	TIAA-CREF Investment Management, LLC	5.88M	3.84%	5.88M	—	5.88M	—	IA	Delaware	2014-02-14	↗
13	Capital World Investors **	5.67M	3.60%	5.67M	—	5.67M	—	IA	Delaware	2015-03-09	↗
14	G1 Execution Services, LLC	4.12M	2.60%	—	4.12M	—	4.12M	BD, OO	Illinois	2016-02-12	↗
15	Teachers Advisors, Inc.	3.30M	2.15%	3.30M	—	3.30M	—	IA	Delaware	2014-02-14	↗
16	BANK OF AMERICA CORP /DE/56-0906609	1.84M	1.20%	—	1.80M	—	1.84M	HC	Delaware	2016-02-17	↗
17	Celso Lourenco Goncalves	77.0K	0.10%	77.0K	—	77.0K	10.00	IN	United States	2014-05-30	↗
18	Joseph Rutkowski	8.0K	0.00%	8.0K	—	8.0K	10.00	IN	United States	2014-05-30	↗
19	Patrice E. Merrin	3.0K	0.00%	3.0K	—	3.0K	10.00	IN	Canada	2014-05-30	↗
20	Ruffer LLP	1.1K	0.00%	1.1K	—	1.1K	—	IA	London, United Kingdom	2020-01-29	↗

Institutional Activity (13F)

Institutional ownership trend From To

13F snapshot — 2026 Q1

Investors holding

614

-15 vs prev Q

New positions

Closed positions

100

Increased

277

Reduced

176

Put/Call ratio

0.65

Calls held

22.45M

Puts held

14.58M

Top institutional holders

#	Investor ⇅	Shares / Δ ⇅	Mkt value / Δ ⇅	Own% / Δ ⇅	Weight% / Δ ⇅	Avg px / Perf. ⇅	Hold / Status ⇅
1	VANGUARD GROUP INC	54.39M +6.4M (+13.4%)	722.32M +137.4M (+23.5%)	11.05% +1.423 pp	0.01% +0.002 pp	USD9.98 +33.1%	34 qtrs —
2	BLACKROCK, INC.	53.26M +5.5M (+11.4%)	707.30M +124.2M (+21.3%)	10.82% +1.224 pp	0.01% +0.002 pp	USD12.46 +6.6%	6 qtrs —
3	STATE STREET CORP	29.28M +3.6M (+14.2%)	388.81M +75.9M (+24.3%)	5.95% +0.799 pp	0.01% +0.002 pp	USD12.38 +7.3%	34 qtrs —
4	SLATE PATH CAPITAL LP	22.42M +2.7M (+13.5%)	297.69M +56.7M (+23.5%)	4.55% +0.588 pp	4.02% +0.286 pp	USD12.25 +8.4%	21 qtrs —
5	CASTLE HOOK PARTNERS LP	18.08M +15.4M (+572.4%)	240.14M +207.3M (+631.9%)	3.67% +3.134 pp	1.00% +0.831 pp	USD13.12 +1.2%	2 qtrs —
6	FAIRFAX FINANCIAL HOLDINGS LTD/ CAN	14.90M +— (+0.0%)	197.71M +15.9M (+8.8%)	3.03% +0.035 pp	9.49% +0.686 pp	USD8.69 +52.8%	5 qtrs —
7	DIMENSIONAL FUND ADVISORS LP	14.56M -2.7M (-15.4%)	193.42M -16.7M (-7.9%)	2.96% -0.499 pp	0.04% -0.005 pp	USD16.77 -20.8%	34 qtrs —
8	MAPLE ROCK CAPITAL PARTNERS INC.	12.36M +5.9M (+90.1%)	164.12M +84.8M (+106.9%)	2.51% +1.205 pp	5.42% +2.291 pp	USD10.29 +29.1%	3 qtrs —
9	D. E. SHAW & CO., INC.	10.60M +7.7M (+264.6%)	140.83M +105.3M (+296.9%)	2.15% +1.571 pp	0.08% +0.057 pp	USD13.03 +1.9%	34 qtrs —
10	GEODE CAPITAL MANAGEMENT, LLC	10.04M +1.3M (+14.7%)	133.37M +26.5M (+24.8%)	2.04% +0.282 pp	0.01% +0.001 pp	USD13.08 +1.5%	34 qtrs —
11	BALYASNY ASSET MANAGEMENT L.P.	9.38M +1.4M (+17.3%)	124.53M +27.0M (+27.7%)	1.91% +0.300 pp	0.16% +0.035 pp	USD12.14 +9.4%	16 qtrs —
12	MORGAN STANLEY	7.86M +1.2M (+17.3%)	104.42M +22.6M (+27.6%)	1.60% +0.251 pp	0.01% +0.001 pp	USD12.79 +3.8%	34 qtrs —
13	CITIGROUP INC	7.77M -244.4K (-3.1%)	103.14M +5.4M (+5.5%)	1.58% -0.031 pp	0.05% +0.002 pp	USD9.29 +42.9%	34 qtrs —
14	CHARLES SCHWAB INVESTMENT MANAGEMENT INC	7.66M +957.4K (+14.3%)	101.77M +20.0M (+24.4%)	1.56% +0.210 pp	0.02% +0.003 pp	USD11.22 +18.4%	34 qtrs —
15	MILLENNIUM MANAGEMENT LLC	7.44M +5.4M (+272.4%)	98.76M +74.4M (+305.4%)	1.51% +1.110 pp	0.04% +0.031 pp	USD12.53 +6.0%	33 qtrs —
16	TURIYA ADVISORS ASIA LTD	7.25M +7.3M (+100.0%)	96.28M +96.3M (+100.0%)	1.47% +1.473 pp	14.75% +14.747 pp	USD13.28 +0.0%	3 qtrs —
17	BNP PARIBAS ARBITRAGE, SNC	6.31M +770.1K (+13.9%)	83.80M +16.2M (+24.0%)	1.28% +0.170 pp	0.04% +0.002 pp	USD8.57 +55.0%	34 qtrs —
18	TWO SIGMA INVESTMENTS, LP	4.79M +3.5M (+266.5%)	63.65M +47.7M (+298.9%)	0.97% +0.711 pp	0.09% +0.066 pp	USD12.27 +8.2%	4 qtrs —
19	SUSQUEHANNA INTERNATIONAL GROUP, LLP	4.72M -734.1K (-13.5%)	62.64M -3.9M (-5.8%)	0.96% -0.136 pp	0.01% 0.000 pp	USD12.93 +2.7%	34 qtrs —
20	NEUBERGER BERMAN GROUP LLC	4.58M -119.7K (-2.5%)	60.87M +3.4M (+5.9%)	0.93% -0.013 pp	0.05% +0.003 pp	USD13.51 -1.7%	34 qtrs —
21	NORTHERN TRUST CORP	4.46M +418.6K (+10.4%)	59.18M +9.9M (+20.1%)	0.91% +0.095 pp	0.01% +0.001 pp	USD12.34 +7.6%	34 qtrs —
22	BANK OF AMERICA CORP /DE/	4.22M -1.4M (-24.5%)	56.09M -12.1M (-17.8%)	0.86% -0.265 pp	0.00% -0.001 pp	USD10.49 +26.6%	34 qtrs —
23	JPMORGAN CHASE & CO	4.18M -1.7M (-28.8%)	55.54M -16.1M (-22.5%)	0.85% -0.330 pp	0.00% -0.001 pp	USD12.97 +2.4%	34 qtrs —
24	TUDOR INVESTMENT CORP ET AL	4.18M +3.5M (+506.4%)	55.53M +47.1M (+560.1%)	0.85% +0.711 pp	0.10% +0.088 pp	USD13.10 +1.4%	2 qtrs —
25	ALLIANZ ASSET MANAGEMENT GMBH	4.00M -197.5K (-4.7%)	53.09M +1.9M (+3.7%)	0.81% -0.030 pp	0.05% -0.004 pp	USD11.74 +13.1%	33 qtrs —
26	NORGES BANK	3.75M +3.7M (+100.0%)	49.80M +49.8M (+100.0%)	0.76% +0.762 pp	0.01% +0.005 pp	USD13.28 +0.0%	1 qtrs NEW
27	MIRAE ASSET GLOBAL ETFS HOLDINGS LTD.	3.37M +82.3K (+2.5%)	44.69M +4.6M (+11.6%)	0.68% +0.025 pp	0.07% +0.003 pp	USD14.86 -10.6%	7 qtrs —
28	BANK OF NEW YORK MELLON CORP	3.26M +300.7K (+10.2%)	43.24M +7.2M (+19.9%)	0.66% +0.068 pp	0.01% +0.001 pp	USD11.49 +15.6%	34 qtrs —
29	MEREWETHER INVESTMENT MANAGEMENT, LP	3.10M +3.1M (+100.0%)	41.12M +41.1M (+100.0%)	0.63% +0.629 pp	0.95% +0.946 pp	USD13.28 +0.0%	1 qtrs NEW
30	POINT72 ASSET MANAGEMENT, L.P.	2.97M +2.1M (+222.0%)	39.49M +28.2M (+250.5%)	0.60% +0.419 pp	0.04% +0.025 pp	USD12.57 +5.6%	5 qtrs —
31	DREXEL MORGAN & CO.	2.95M -2.6M (-47.2%)	39.24M -29.1M (-42.6%)	0.60% -0.524 pp	6.14% -4.587 pp	USD11.42 +16.3%	14 qtrs —
32	TWO SIGMA ADVISERS, LP	2.91M +1.1M (+64.8%)	38.63M +17.1M (+79.4%)	0.59% +0.237 pp	0.08% +0.032 pp	USD11.88 +11.8%	4 qtrs —
33	MAN GROUP PLC	2.72M +1.8M (+180.6%)	36.12M +24.3M (+205.4%)	0.55% +0.358 pp	0.06% +0.041 pp	USD12.79 +3.8%	32 qtrs —
34	INVESCO LTD.	2.57M -135.3K (-5.0%)	34.19M +1.1M (+3.4%)	0.52% -0.021 pp	0.01% +0.000 pp	USD16.94 -21.6%	34 qtrs —
35	CITADEL ADVISORS LLC	2.43M -2.4M (-49.5%)	32.29M -26.5M (-45.1%)	0.49% -0.474 pp	0.00% -0.004 pp	USD9.89 +34.3%	34 qtrs —
36	DOUGLAS LANE & ASSOCIATES, LLC	2.40M -6.4K (-0.3%)	31.90M +2.5M (+8.6%)	0.49% +0.004 pp	0.44% +0.026 pp	USD15.61 -14.9%	12 qtrs —
37	BARCLAYS PLC	2.38M -729.1K (-23.4%)	31.66M -8.1M (-20.4%)	0.48% -0.141 pp	0.01% -0.003 pp	USD12.46 +6.6%	34 qtrs —
38	WALLEYE CAPITAL LLC	2.37M +1.9M (+391.7%)	31.45M +25.6M (+435.2%)	0.48% +0.385 pp	0.10% +0.074 pp	USD12.42 +6.9%	8 qtrs —
39	HODGES CAPITAL MANAGEMENT INC.	2.30M -130.8K (-5.4%)	30.55M +889.1K (+3.0%)	0.47% -0.021 pp	2.63% +0.088 pp	USD14.29 -7.1%	34 qtrs —
40	JANE STREET GROUP, LLC	2.02M +349.5K (+20.9%)	26.87M +6.4M (+31.6%)	0.41% +0.075 pp	0.00% +0.001 pp	USD11.12 +19.4%	6 qtrs —
41	DISCOVERY CAPITAL MANAGEMENT, LLC / CT	1.98M +200.0K (+11.3%)	26.26M +4.6M (+21.1%)	0.40% +0.045 pp	1.42% +0.232 pp	USD12.31 +7.9%	2 qtrs —
42	UBS GROUP AG	1.96M +122.9K (+6.7%)	26.09M +3.6M (+16.1%)	0.40% +0.029 pp	0.00% +0.001 pp	USD14.46 -8.2%	13 qtrs —
43	ROYAL BANK OF CANADA	1.89M -1.7M (-47.8%)	25.15M -19.1M (-43.2%)	0.38% -0.343 pp	0.00% -0.003 pp	USD11.86 +12.0%	34 qtrs —
44	GOLDMAN SACHS GROUP INC	1.89M -86.6K (-4.4%)	25.09M +983.8K (+4.1%)	0.38% -0.013 pp	0.00% +0.000 pp	USD10.55 +25.9%	34 qtrs —
45	FMR LLC	1.83M -140.8K (-7.2%)	24.25M +254.3K (+1.1%)	0.37% -0.024 pp	0.00% +0.000 pp	USD12.18 +9.0%	33 qtrs —
46	AMERIPRISE FINANCIAL INC	1.76M -127.0K (-6.7%)	23.37M -64.3K (-0.3%)	0.36% -0.021 pp	0.01% 0.000 pp	USD10.43 +27.3%	34 qtrs —
47	DUQUESNE FAMILY OFFICE LLC	1.75M -969.4K (-35.7%)	23.18M -9.9M (-30.0%)	0.35% -0.191 pp	0.52% -0.300 pp	USD12.20 +8.9%	2 qtrs —
48	HRT FINANCIAL LP	1.60M +1.6M (+100.0%)	21.23M +21.2M (+100.0%)	0.32% +0.325 pp	0.07% +0.067 pp	USD13.28 +0.0%	1 qtrs NEW
49	EASTERLY INVESTMENT PARTNERS LLC	1.59M -44.7K (-2.7%)	21.05M +1.2M (+5.9%)	0.32% -0.005 pp	1.29% -0.053 pp	USD9.53 +39.3%	6 qtrs —
50	WELLS FARGO & COMPANY/MN	1.57M -1.5M (-49.0%)	20.82M -16.6M (-44.4%)	0.32% -0.298 pp	0.00% -0.003 pp	USD10.35 +28.3%	34 qtrs —
51	RHUMBLINE ADVISERS	1.46M +138.5K (+10.5%)	19.40M +3.3M (+20.2%)	0.30% +0.031 pp	0.02% +0.003 pp	USD10.53 +26.1%	34 qtrs —
52	LPL FINANCIAL LLC	1.32M +54.8K (+4.3%)	17.53M +2.1M (+13.6%)	0.27% +0.014 pp	0.00% +0.000 pp	USD12.32 +7.8%	34 qtrs —
53	PRINCIPAL FINANCIAL GROUP INC	1.23M +126.8K (+11.5%)	16.27M +2.9M (+21.4%)	0.25% +0.028 pp	0.01% +0.002 pp	USD8.32 +59.6%	34 qtrs —
54	UBS ASSET MANAGEMENT AMERICAS INC	1.21M +99.4K (+8.9%)	16.12M +2.5M (+18.6%)	0.25% +0.023 pp	0.00% +0.001 pp	USD11.99 +10.8%	34 qtrs —
55	GOTHAM ASSET MANAGEMENT, LLC	1.12M -93.8K (-7.7%)	14.93M +70.3K (+0.5%)	0.23% -0.016 pp	0.05% -0.010 pp	USD8.44 +57.3%	17 qtrs —
56	SWISS NATIONAL BANK	1.12M +164.2K (+17.1%)	14.92M +3.2M (+27.5%)	0.23% +0.036 pp	0.01% +0.002 pp	USD12.76 +4.1%	34 qtrs —
57	BANK OF NOVA SCOTIA	1.07M +1.1M (+100.0%)	14.27M +14.3M (+100.0%)	0.22% +0.218 pp	0.02% +0.021 pp	USD13.28 +0.0%	9 qtrs —
58	AQUATIC CAPITAL MANAGEMENT LLC	1.07M +651.1K (+153.8%)	14.27M +9.1M (+176.3%)	0.22% +0.133 pp	0.41% +0.310 pp	USD11.72 +13.3%	6 qtrs —
59	VOLORIDGE INVESTMENT MANAGEMENT, LLC	1.04M -3.6M (-77.7%)	13.86M -43.3M (-75.7%)	0.21% -0.729 pp	0.05% -0.143 pp	USD11.77 +12.8%	3 qtrs —
60	MASTERS CAPITAL MANAGEMENT LLC	1.00M -1.0M (-50.0%)	13.28M -11.1M (-45.6%)	0.20% -0.199 pp	0.54% -0.342 pp	USD15.86 -16.3%	20 qtrs —
61	LEGAL & GENERAL GROUP PLC	952.8K +76.1K (+8.7%)	12.65M +2.0M (+18.3%)	0.19% +0.018 pp	0.00% +0.000 pp	USD13.26 +0.2%	34 qtrs —
62	NOMURA HOLDINGS INC	950.0K +— (+0.0%)	12.62M +1.0M (+8.9%)	0.19% +0.002 pp	0.02% -0.001 pp	USD7.68 +72.9%	4 qtrs —
63	LAURION CAPITAL MANAGEMENT LP	947.6K +947.6K (+100.0%)	12.58M +12.6M (+100.0%)	0.19% +0.193 pp	0.47% +0.469 pp	USD13.28 +0.0%	1 qtrs NEW
64	SFE INVESTMENT COUNSEL	907.3K -95.8K (-9.5%)	12.05M -188.5K (-1.5%)	0.18% -0.017 pp	1.85% -0.108 pp	USD9.30 +42.8%	34 qtrs —
65	SQUAREPOINT OPS LLC	889.9K -371.6K (-29.5%)	11.82M -3.6M (-23.2%)	0.18% -0.073 pp	0.01% -0.003 pp	USD11.49 +15.6%	17 qtrs —
66	ALGERT GLOBAL LLC	841.4K +623.3K (+285.8%)	11.17M +8.5M (+320.1%)	0.17% +0.127 pp	0.17% +0.130 pp	USD12.91 +2.9%	4 qtrs —
67	CALIFORNIA PUBLIC EMPLOYEES RETIREMENT SYSTEM	790.2K +140.6K (+21.6%)	10.49M +2.6M (+32.4%)	0.16% +0.030 pp	0.01% +0.001 pp	USD10.86 +22.3%	34 qtrs —
68	QUANTBOT TECHNOLOGIES LP	776.4K +330.2K (+74.0%)	10.31M +4.9M (+89.4%)	0.16% +0.068 pp	0.34% +0.195 pp	USD10.23 +29.8%	4 qtrs —
69	CAPITAL FUND MANAGEMENT S.A.	771.3K -664.4K (-46.3%)	10.24M -7.3M (-41.5%)	0.16% -0.132 pp	0.03% -0.017 pp	USD10.97 +21.1%	21 qtrs —
70	PUBLIC SECTOR PENSION INVESTMENT BOARD	769.0K +769.0K (+100.0%)	10.21M +10.2M (+100.0%)	0.16% +0.156 pp	0.03% +0.034 pp	USD13.28 +0.0%	1 qtrs NEW
71	MARSHALL WACE, LLP	761.7K -813.0K (-51.6%)	10.12M -9.1M (-47.3%)	0.15% -0.162 pp	0.01% -0.010 pp	USD8.71 +52.5%	21 qtrs —
72	MERCER GLOBAL ADVISORS INC /ADV	743.4K -198.6K (-21.1%)	9.87M -1.6M (-14.1%)	0.15% -0.038 pp	0.02% -0.004 pp	USD7.60 +74.7%	3 qtrs —
73	NUVEEN, LLC	725.7K +48.5K (+7.2%)	9.64M +1.4M (+16.6%)	0.15% +0.012 pp	0.00% +0.000 pp	USD8.56 +55.1%	4 qtrs —
74	COLONY GROUP, LLC	717.0K +662.9K (+1,225.4%)	9.52M +7.2M (+303.1%)	0.15% +0.135 pp	0.01% +0.007 pp	USD12.99 +2.2%	9 qtrs —
75	ALLIANCEBERNSTEIN L.P.	695.8K +80.1K (+13.0%)	9.24M +1.7M (+23.0%)	0.14% +0.018 pp	0.00% +0.001 pp	USD14.22 -6.6%	34 qtrs —
76	RETIREMENT SYSTEMS OF ALABAMA	683.7K +85.6K (+14.3%)	9.08M +1.8M (+24.4%)	0.14% +0.019 pp	0.03% +0.005 pp	USD18.76 -29.2%	20 qtrs —
77	SG AMERICAS SECURITIES, LLC	673.1K +606.2K (+906.4%)	8.94M +8.1M (+995.3%)	0.14% +0.123 pp	0.01% +0.009 pp	USD12.79 +3.8%	34 qtrs —
78	FISHER ASSET MANAGEMENT, LLC	671.8K -207.6K (-23.6%)	8.92M -1.8M (-16.8%)	0.14% -0.040 pp	0.00% -0.001 pp	USD8.78 +51.3%	30 qtrs —
79	GALLAGHER FIDUCIARY ADVISORS, LLC	664.8K -19.5K (-2.9%)	8.83M +479.7K (+5.7%)	0.14% -0.002 pp	0.29% -0.021 pp	USD8.22 +61.6%	4 qtrs —
80	GROUP ONE TRADING, L.P.	662.1K +24.9K (+3.9%)	8.79M +1.0M (+13.1%)	0.13% +0.007 pp	0.02% +0.002 pp	USD12.28 +8.1%	8 qtrs —
81	SOUTH DAKOTA INVESTMENT COUNCIL	656.5K -484.1K (-42.4%)	8.72M -5.2M (-37.3%)	0.13% -0.096 pp	0.17% -0.105 pp	USD8.22 +61.6%	31 qtrs —
82	RENAISSANCE TECHNOLOGIES LLC	653.4K +360.7K (+123.2%)	8.68M +5.1M (+143.0%)	0.13% +0.074 pp	0.01% +0.009 pp	USD12.80 +3.7%	2 qtrs —
83	BW GESTAO DE INVESTIMENTOS LTDA.	649.3K +649.3K (+100.0%)	8.62M +8.6M (+100.0%)	0.13% +0.132 pp	0.19% +0.195 pp	USD13.28 +0.0%	1 qtrs NEW
84	WALLEYE TRADING LLC	616.9K +11.8K (+2.0%)	8.19M +810.2K (+11.0%)	0.13% +0.004 pp	0.01% +0.001 pp	USD10.41 +27.6%	34 qtrs —
85	LIMESTONE INVESTMENT ADVISORS LP	750.0K +— (+0.0%)	783.1K +14.8K (+1.9%)	0.15% +0.002 pp	0.08% +0.014 pp	USD7.60 +74.7%	3 qtrs —

Ownership breakdown by holder

ETF Ownership

Top ETFs holding this stock Held by 165 ETFs in our universe

#	ETF	Weight	Est. AUM exposure	TER
1	State Street SPDR S&P Metals & Mining ETF XME	3.29%	136.28M	0.35%
2	VanEck Steel ETF SLX	1.65%	2.62M	0.55%
3	Invesco Dorsey Wright Basic Materials Momentum ETF PYZ	1.45%	1.10M	0.78%
4	Invesco S&P MidCap 400 Pure Value ETF RFV	0.97%	3.16M	0.35%
5	First Trust Materials AlphaDEX Fund FXZ	0.84%	3.17M	0.64%
6	Invesco S&P MidCap 400 Revenue ETF RWK	0.58%	7.50M	0.39%
7	iShares U.S. Basic Materials ETF IYM	0.55%	6.63M	0.38%
8	Vanguard Materials ETF VAW	0.50%	22.41M	0.09%
9	Vanguard S&P Mid-Cap 400 Value ETF IVOV	0.46%	6.45M	0.10%
10	LOGIQ Contrarian Opportunities ETF LCO	0.45%	269.0K	1.13%

Insider Activity

Insider Activity — Latest Quarter

Ratio by transactions

10.00

Bullish

Ratio by volume

3.00

Bullish

Buys

Sells

Shares acquired

119.1K

Shares disposed

725.00

Cash buys

—

Cash sales

—

Net activity

+118,402

Insider buys vs sells (history) From To

Recent insider transactions From To

Date	Person	Role	Transaction	A/D	Security	Shares	Price	Value	Owned after	D/I	Filing
2026-04-21	Yocum Arlene M	Director	A-Award	A	Common Shares	15,334	0.00	—	136,467	D	↗
2026-04-21	Oren Ben	Director	A-Award	A	Common Shares	15,334	0.00	—	48,068	D	↗
2026-04-21	MICHAEL RALPH S III	Director	A-Award	A	Common Shares	15,334	0.00	—	233,420	D	↗
2026-04-21	Camara Edilson	Director	A-Award	A	Common Shares	15,334	0.00	—	57,317	D	↗
2026-04-21	CRONIN JANE M.	Director	A-Award	A	Common Shares	15,334	0.00	—	74,110	D	↗
2026-04-21	Bloom Ron A.	Director	A-Award	A	Common Shares	15,334	0.00	—	123,108	D	↗
2026-04-21	BALDWIN JOHN T	Director	A-Award	A	Deferred Shares	15,334	0.00	—	101,230	D	↗
2026-04-01	Stoliar Gabriel	Director	A-Award	A	Common Shares	2,418	8.27	20.0K	259,717	D	↗
2026-04-01	CRONIN JANE M.	Director	A-Award	A	Common Shares	4,534	8.27	37.5K	58,776	D	↗
2026-04-01	Bloom Ron A.	Director	A-Award	A	Common Shares	4,837	8.27	40.0K	107,774	D	↗
2026-02-18	Smith Clifford T	Officer	A-Award	A	Market Stock Units	198,128	0.00	—	198,128	D	↗
2026-02-18	Koci Keith	Officer	A-Award	A	Restricted Stock Units	163,791	0.00	—	163,791	D	↗
2026-02-18	Graham James D	Officer	A-Award	A	Restricted Stock Units	141,991	0.00	—	141,991	D	↗
2026-02-18	Goncalves Celso L Jr	Officer	A-Award	A	Restricted Stock Units	188,531	0.00	—	188,531	D	↗
2026-02-18	GONCALVES LOURENCO	Director / Officer	A-Award	A	Restricted Stock Units	650,900	0.00	—	650,900	D	↗
2026-02-18	Floriani Kimberly A	Officer	A-Award	A	Market Stock Units	29,573	0.00	—	29,573	D	↗
2026-02-17	Smith Clifford T	Officer	S-Sale	D	Common Shares	200,000	10.46	2.09M	560,529	D	↗
2026-02-13	Camara Edilson	Director	P-Purchase	A	Common Shares	19,700	10.13	199.6K	41,983	D	↗
2026-02-11	GONCALVES LOURENCO	Director / Officer	S-Sale	D	Common Shares	3,000,000	12.42	37.26M	0	I	↗
2026-01-05	Smith Clifford T	Officer	F-InKind	D	Common Shares	19,140	13.20	252.6K	760,529	D	↗
2026-01-05	Koci Keith	Officer	F-InKind	D	Common Shares	15,947	13.20	210.5K	527,528	D	↗
2026-01-05	Graham James D	Officer	F-InKind	D	Common Shares	13,991	13.20	184.7K	478,258	D	↗
2026-01-05	Goncalves Celso L Jr	Officer	F-InKind	D	Common Shares	18,775	13.20	247.8K	398,850	D	↗
2026-01-05	GONCALVES LOURENCO	Director / Officer	F-InKind	D	Common Shares	84,229	13.20	1.11M	3,015,486	D	↗
2026-01-05	Floriani Kimberly A	Officer	F-InKind	D	Common Shares	3,182	13.20	42.0K	68,852	D	↗
2026-01-05	Fedor Terry G.	Officer	F-InKind	D	Common Shares	6,922	13.20	91.4K	567,255	D	↗
2026-01-02	Stoliar Gabriel	Director	A-Award	A	Common Shares	1,506	13.28	20.0K	257,751	D	↗
2026-01-02	CRONIN JANE M.	Director	A-Award	A	Common Shares	3,012	13.28	40.0K	54,242	D	↗
2026-01-02	Bloom Ron A.	Director	A-Award	A	Common Shares	3,012	13.28	40.0K	102,937	D	↗
2025-11-12	Camara Edilson	Director	A-Award	A	Common Shares	5,633	0.00	—	22,283	D	↗
2025-10-01	Stoliar Gabriel	Director	F-InKind	D	Common Shares	482	12.44	6.0K	256,245	D	↗
2025-10-01	CRONIN JANE M.	Director	A-Award	A	Common Shares	3,215	12.44	40.0K	51,230	D	↗
2025-10-01	Bloom Ron A.	Director	A-Award	A	Common Shares	3,215	12.44	40.0K	99,925	D	↗
2025-07-01	Stoliar Gabriel	Director	A-Award	A	Common Shares	2,463	8.12	20.0K	255,858	D	↗
2025-07-01	CRONIN JANE M.	Director	A-Award	A	Common Shares	4,926	8.12	40.0K	48,015	D	↗
2025-07-01	Bloom Ron A.	Director	A-Award	A	Common Shares	4,926	8.12	40.0K	96,710	D	↗
2025-05-23	Graham James D	Officer	S-Sale	D	Common Shares	120,000	6.85	822.0K	492,249	D	↗
2025-04-23	Yocum Arlene M	Director	A-Award	A	Common Shares	18,567	0.00	—	121,133	D	↗
2025-04-23	Taylor Douglas C	Director	A-Award	A	Common Shares	18,567	0.00	—	119,103	D	↗
2025-04-23	Stoliar Gabriel	Director	A-Award	A	Common Shares	18,567	0.00	—	253,395	D	↗
2025-04-23	Oren Ben	Director	A-Award	A	Common Shares	18,567	0.00	—	32,734	D	↗
2025-04-23	MICHAEL RALPH S III	Director	A-Award	A	Common Shares	18,567	0.00	—	218,086	D	↗
2025-04-23	GREEN SUSAN MIRANDA	Director	A-Award	A	Common Shares	18,567	0.00	—	116,726	D	↗
2025-04-23	CRONIN JANE M.	Director	A-Award	A	Common Shares	18,567	0.00	—	43,089	D	↗
2025-04-23	Bloom Ron A.	Director	A-Award	A	Common Shares	18,567	0.00	—	91,784	D	↗
2025-04-23	BALDWIN JOHN T	Director	A-Award	A	Deferred Shares	18,567	0.00	—	85,896	D	↗
2025-04-01	Stoliar Gabriel	Director	F-InKind	D	Common Shares	741	8.10	6.0K	234,828	D	↗
2025-04-01	Bloom Ron A.	Director	A-Award	A	Common Shares	4,938	8.10	40.0K	73,217	D	↗
2025-03-10	BALDWIN JOHN T	Director	P-Purchase	A	Common Shares	4,000	8.70	34.8K	133,227	D	↗
2025-02-28	Koci Keith	Officer	P-Purchase	A	Common Shares	9,500	10.82	102.7K	543,475	D	↗
2025-02-28	CRONIN JANE M.	Director	P-Purchase	A	Common Shares	10,000	10.56	105.6K	24,522	D	↗
2025-02-19	Smith Clifford T	Officer	A-Award	A	Common Shares	123,935	0.00	—	679,775	D	↗
2025-02-19	Koci Keith	Officer	A-Award	A	Common Shares	102,423	0.00	—	533,975	D	↗
2025-02-19	Graham James D	Officer	A-Award	A	Common Shares	88,822	0.00	—	612,249	D	↗
2025-02-19	Goncalves Celso L Jr	Officer	A-Award	A	Common Shares	117,967	0.00	—	417,625	D	↗
2025-02-19	GONCALVES LOURENCO	Director / Officer	A-Award	A	Common Shares	407,288	0.00	—	3,099,715	D	↗
2025-02-19	Forrester Traci L	Officer	A-Award	A	Common Shares	28,991	0.00	—	209,778	D	↗
2025-02-19	Floriani Kimberly A	Officer	A-Award	A	Common Shares	18,505	0.00	—	72,034	D	↗
2025-02-19	Fedor Terry G.	Officer	A-Award	A	Common Shares	44,411	0.00	—	573,035	D	↗
2025-01-03	Smith Clifford T	Officer	F-InKind	D	Common Shares	14,269	9.50	135.6K	555,840	D	↗
2025-01-03	Koci Keith	Officer	F-InKind	D	Common Shares	14,704	9.50	139.7K	431,552	D	↗
2025-01-03	Graham James D	Officer	F-InKind	D	Common Shares	10,676	9.50	101.4K	523,427	D	↗
2025-01-03	Goncalves Celso L Jr	Officer	F-InKind	D	Common Shares	14,704	9.50	139.7K	299,658	D	↗
2025-01-03	GONCALVES LOURENCO	Director / Officer	F-InKind	D	Common Shares	66,662	9.50	633.3K	2,692,427	D	↗
2025-01-03	Forrester Traci L	Officer	F-InKind	D	Common Shares	4,974	9.50	47.3K	180,787	D	↗
2025-01-03	Floriani Kimberly A	Officer	F-InKind	D	Common Shares	2,774	9.50	26.4K	53,529	D	↗
2025-01-03	Fedor Terry G.	Officer	F-InKind	D	Common Shares	5,993	9.50	56.9K	528,624	D	↗
2025-01-03	CRONIN JANE M.	Director	—	—	Common Shares	0	0.00	—	10,000	D	↗
2025-01-02	Stoliar Gabriel	Director	A-Award	A	Common Shares	2,128	9.40	20.0K	263,099	D	↗
2025-01-02	Bloom Ron A.	Director	A-Award	A	Common Shares	4,255	9.40	40.0K	68,279	D	↗
2024-11-20	Bloom Ron A.	Director	S-Sale	D	Common Shares	1,554	11.77	18.3K	64,024	D	↗
2024-10-01	Stoliar Gabriel	Director	A-Award	A	Common Shares	1,540	12.99	20.0K	261,433	D	↗
2024-10-01	Bloom Ron A.	Director	A-Award	A	Common Shares	3,079	12.99	40.0K	65,578	D	↗
2024-08-01	BALDWIN JOHN T	Director	P-Purchase	A	Common Shares	8,000	14.53	116.2K	129,227	—	↗
2024-07-01	Stoliar Gabriel	Director	A-Award	A	Common Shares	1,300	15.39	20.0K	260,283	—	↗
2024-07-01	Bloom Ron A.	Director	A-Award	A	Common Shares	2,599	15.39	40.0K	62,499	—	↗
2024-06-13	MICHAEL RALPH S III	Director	P-Purchase	A	Common Shares	20,000	14.74	294.8K	199,519	—	↗
2024-06-13	BALDWIN JOHN T	Director	P-Purchase	A	Common Shares	7,500	14.70	110.3K	121,227	—	↗
2024-06-12	Oren Ben	Director	P-Purchase	A	Common Shares	6,700	14.99	100.4K	14,167	—	↗
2024-06-12	Goncalves Celso L Jr	Officer	P-Purchase	A	Common Shares	7,250	14.99	108.6K	314,362	—	↗
2024-06-11	Taylor Douglas C	Director	S-Sale	D	Common Shares	36,000	14.87	535.2K	100,536	—	↗
2024-05-16	Oren Ben	Director	A-Award	A	Common Shares	7,467	0.00	—	7,467	—	↗
2024-05-01	GONCALVES LOURENCO	Director / Officer	P-Purchase	A	Common Shares	60,000	16.76	1.01M	2,759,089	—	↗
2024-05-01	Bloom Ron A.	Director	P-Purchase	A	Common Shares	25,000	17.00	424.9K	59,900	—	↗
2024-04-25	Yocum Arlene M	Director	A-Award	A	Common Shares	7,679	0.00	—	102,566	—	↗
2024-04-25	Taylor Douglas C	Director	A-Award	A	Common Shares	7,679	0.00	—	136,536	—	↗
2024-04-25	Stoliar Gabriel	Director	A-Award	A	Common Shares	7,679	0.00	—	258,983	—	↗
2024-04-25	Miller Janet L	Director	A-Award	A	Common Shares	7,679	0.00	—	101,795	—	↗
2024-04-25	MICHAEL RALPH S III	Director	A-Award	A	Common Shares	7,679	0.00	—	179,519	—	↗
2024-04-25	GREEN SUSAN MIRANDA	Director	A-Award	A	Common Shares	7,679	0.00	—	97,965	—	↗
2024-04-25	Bloom Ron A.	Director	A-Award	A	Common Shares	7,679	0.00	—	34,900	—	↗
2024-04-25	BALDWIN JOHN T	Director	A-Award	A	Deferred Shares	7,679	0.00	—	67,329	—	↗
2024-04-01	Stoliar Gabriel	Director	A-Award	A	Common Shares	881	22.69	20.0K	251,568	—	↗
2024-04-01	Miller Janet L	Director	A-Award	A	Common Shares	441	22.69	10.0K	94,116	—	↗
2024-04-01	Fisher Robert P Jr	Director	A-Award	A	Common Shares	441	22.69	10.0K	189,957	—	↗
2024-03-13	GREEN SUSAN MIRANDA	Director	S-Sale	D	Common Shares	6,500	20.40	132.6K	90,286	—	↗
2024-03-06	Yocum Arlene M	Director	P-Purchase	A	Common Shares	2,000	20.03	40.1K	94,887	—	↗
2024-03-06	Smith Clifford T	Officer	M-Exempt	D	Employee Stock Options (right-to-buy)	27,430	7.70	211.2K	0	—	↗
2024-03-06	Graham James D	Officer	M-Exempt	D	Employee Stock Options (right-to-buy)	24,154	7.70	186.0K	0	—	↗
2024-03-06	GONCALVES LOURENCO	Director / Officer	M-Exempt	A	Common Shares	187,136	7.70	1.44M	2,886,225	—	↗
2024-03-06	Fedor Terry G.	Officer	M-Exempt	D	Employee Stock Options (right-to-buy)	27,430	7.70	211.2K	0	—	↗
2024-02-21	Smith Clifford T	Officer	A-Award	A	Common Shares	69,942	0.00	—	770,109	—	↗
2024-02-21	Koci Keith	Officer	A-Award	A	Common Shares	57,802	0.00	—	446,256	—	↗
2024-02-21	Graham James D	Officer	A-Award	A	Common Shares	50,127	0.00	—	534,103	—	↗
2024-02-21	Goncalves Celso L Jr	Officer	A-Award	A	Common Shares	66,574	0.00	—	307,112	—	↗
2024-02-21	GONCALVES LOURENCO	Director / Officer	A-Award	A	Common Shares	229,851	0.00	—	2,699,089	—	↗
2024-02-21	Forrester Traci L	Officer	A-Award	A	Common Shares	16,361	0.00	—	185,761	—	↗
2024-02-21	Floriani Kimberly A	Officer	A-Award	A	Common Shares	10,443	0.00	—	56,303	—	↗
2024-02-21	Fedor Terry G.	Officer	A-Award	A	Common Shares	25,063	0.00	—	534,617	—	↗
2024-02-01	Bloom Ron A.	Director	P-Purchase	A	Common Shares	25,000	20.24	506.1K	27,221	—	↗
2024-01-03	Smith Clifford T	Officer	F-InKind	D	Common Shares	29,317	19.64	575.8K	700,167	—	↗
2024-01-03	Koci Keith	Officer	F-InKind	D	Common Shares	14,830	19.64	291.3K	388,454	—	↗
2024-01-03	Graham James D	Officer	F-InKind	D	Common Shares	14,533	19.64	285.4K	483,976	—	↗
2024-01-03	Goncalves Celso L Jr	Officer	F-InKind	D	Common Shares	6,034	19.64	118.5K	240,538	—	↗
2024-01-03	GONCALVES LOURENCO	Director / Officer	F-InKind	D	Common Shares	133,317	19.64	2.62M	2,469,238	—	↗
2024-01-03	Forrester Traci L	Officer	A-Award	A	Common Shares	11,970	0.00	—	177,550	—	↗
2024-01-03	Floriani Kimberly A	Officer	F-InKind	D	Common Shares	3,249	19.64	63.8K	45,860	—	↗
2024-01-03	Fedor Terry G.	Officer	F-InKind	D	Common Shares	15,550	19.64	305.4K	509,554	—	↗
2024-01-03	Bloom Ron A.	Director	—	—	—	0	0.00	—	0	—	↗
2024-01-02	Stoliar Gabriel	Director	A-Award	A	Common Shares	979	20.42	20.0K	250,981	—	↗
2024-01-02	Miller Janet L	Director	A-Award	A	Common Shares	490	20.42	10.0K	93,675	—	↗
2024-01-02	Fisher Robert P Jr	Director	A-Award	A	Common Shares	490	20.42	10.0K	189,516	—	↗
2023-10-02	Stoliar Gabriel	Director	A-Award	A	Common Shares	1,280	15.63	20.0K	250,386	—	↗
2023-10-02	Miller Janet L	Director	A-Award	A	Common Shares	640	15.63	10.0K	93,185	—	↗
2023-10-02	Fisher Robert P Jr	Director	A-Award	A	Common Shares	640	15.63	10.0K	189,026	—	↗
2023-07-03	Stoliar Gabriel	Director	F-InKind	D	Common Shares	358	16.76	6.0K	249,106	—	↗
2023-07-03	Miller Janet L	Director	A-Award	A	Common Shares	597	16.76	10.0K	92,545	—	↗
2023-07-03	Fisher Robert P Jr	Director	A-Award	A	Common Shares	597	16.76	10.0K	188,386	—	↗
2023-05-02	MICHAEL RALPH S III	Director	P-Purchase	A	Common Shares	10,000	14.96	149.6K	171,840	—	↗
2023-05-01	Goncalves Celso L Jr	Officer	P-Purchase	A	Common Shares	6,500	15.18	98.7K	237,727	—	↗
2023-04-28	Yocum Arlene M	Director	P-Purchase	A	Common Shares	1,500	15.14	22.7K	83,454	—	↗
2023-04-27	Koci Keith	Officer	P-Purchase	A	Common Shares	7,300	14.87	108.5K	383,358	—	↗
2023-04-27	GONCALVES LOURENCO	Director / Officer	P-Purchase	A	Common Shares	100,000	14.96	1.50M	2,464,885	—	↗
2023-04-26	Yocum Arlene M	Director	A-Award	A	Common Shares	9,433	0.00	—	92,887	—	↗
2023-04-26	Taylor Douglas C	Director	A-Award	A	Common Shares	9,433	0.00	—	128,857	—	↗
2023-04-26	Stoliar Gabriel	Director	A-Award	A	Common Shares	9,433	0.00	—	248,271	—	↗
2023-04-26	Miller Janet L	Director	A-Award	A	Common Shares	9,433	0.00	—	91,948	—	↗
2023-04-26	MICHAEL RALPH S III	Director	A-Award	A	Common Shares	9,433	0.00	—	161,840	—	↗
2023-04-26	GREEN SUSAN MIRANDA	Director	A-Award	A	Common Shares	9,433	0.00	—	96,786	—	↗
2023-04-26	GERBER WILLIAM K	Director	A-Award	A	Common Shares	9,433	0.00	—	137,578	—	↗
2023-04-26	Fisher Robert P Jr	Director	A-Award	A	Deferred Shares	9,433	0.00	—	9,433	—	↗
2023-04-26	BALDWIN JOHN T	Director	A-Award	A	Deferred Shares	9,433	0.00	—	59,650	—	↗
2023-04-03	Taylor Douglas C	Director	A-Award	A	Common Shares	955	18.33	17.5K	119,424	—	↗
2023-04-03	Stoliar Gabriel	Director	A-Award	A	Common Shares	1,091	18.33	20.0K	239,165	—	↗
2023-04-03	Miller Janet L	Director	A-Award	A	Common Shares	546	18.33	10.0K	82,515	—	↗
2023-04-03	Fisher Robert P Jr	Director	A-Award	A	Common Shares	546	18.33	10.0K	187,789	—	↗
2023-03-07	Taylor Douglas C	Director	S-Sale	D	Common Shares	42,000	21.25	892.6K	118,469	—	↗
2023-03-03	GREEN SUSAN MIRANDA	Director	S-Sale	D	Common Shares	8,700	22.66	197.1K	87,353	—	↗
2023-02-21	Smith Clifford T	Officer	A-Award	A	Common Shares	69,820	0.00	—	695,519	—	↗
2023-02-21	Koci Keith	Officer	A-Award	A	Common Shares	57,709	0.00	—	376,058	—	↗
2023-02-21	Graham James D	Officer	A-Award	A	Common Shares	49,202	0.00	—	478,583	—	↗
2023-02-21	Goncalves Celso L Jr	Officer	A-Award	A	Common Shares	60,961	0.00	—	231,227	—	↗
2023-02-21	GONCALVES LOURENCO	Director / Officer	A-Award	A	Common Shares	229,320	0.00	—	2,364,885	—	↗
2023-02-21	Forrester Traci L	Officer	A-Award	A	Common Shares	16,328	0.00	—	165,580	—	↗
2023-02-21	Floriani Kimberly A	Officer	A-Award	A	Common Shares	8,887	0.00	—	44,668	—	↗
2023-02-21	Fedor Terry G.	Officer	A-Award	A	Common Shares	24,601	0.00	—	503,792	—	↗
2023-01-04	Smith Clifford T	Officer	F-InKind	D	Common Shares	99,433	17.20	1.71M	625,699	—	↗
2023-01-04	Koci Keith	Officer	F-InKind	D	Common Shares	50,579	17.20	870.0K	318,349	—	↗
2023-01-04	Graham James D	Officer	F-InKind	D	Common Shares	45,907	17.20	789.6K	429,381	—	↗
2023-01-04	Goncalves Celso L Jr	Officer	F-InKind	D	Common Shares	20,188	17.20	347.2K	170,266	—	↗
2023-01-04	GONCALVES LOURENCO	Officer	F-InKind	D	Common Shares	403,034	17.20	6.93M	2,135,565	—	↗
2023-01-04	Forrester Traci L	Officer	A-Award	A	Common Shares	48,968	0.00	—	179,916	—	↗
2023-01-04	Floriani Kimberly A	Officer	F-InKind	D	Common Shares	1,781	17.20	30.6K	35,781	—	↗
2023-01-04	Fedor Terry G.	Officer	F-InKind	D	Common Shares	54,872	17.20	943.8K	479,191	—	↗
2023-01-03	Taylor Douglas C	Director	A-Award	A	Common Shares	1,086	16.11	17.5K	160,469	—	↗
2023-01-03	Stoliar Gabriel	Director	A-Award	A	Common Shares	1,241	16.11	20.0K	238,446	—	↗
2023-01-03	Miller Janet L	Director	A-Award	A	Common Shares	621	16.11	10.0K	81,969	—	↗
2023-01-03	Fisher Robert P Jr	Director	A-Award	A	Common Shares	621	16.11	10.0K	187,243	—	↗
2022-10-03	Taylor Douglas C	Director	A-Award	A	Common Shares	1,299	13.47	17.5K	159,383	—	↗
2022-10-03	Stoliar Gabriel	Director	F-InKind	D	Common Shares	446	13.47	6.0K	237,205	—	↗
2022-10-03	Miller Janet L	Director	A-Award	A	Common Shares	742	13.47	10.0K	81,348	—	↗
2022-10-03	Fisher Robert P Jr	Director	A-Award	A	Common Shares	742	13.47	10.0K	186,622	—	↗
2022-09-08	Miller Janet L	Director	P-Purchase	A	Common Shares	1,425	17.45	24.9K	80,606	—	↗
2022-08-17	Goncalves Celso L Jr	Officer	P-Purchase	A	Common Shares	6,000	18.43	110.6K	154,285	—	↗
2022-08-16	Goncalves Celso L Jr	Officer	P-Purchase	A	Common Shares	5,000	19.36	96.8K	148,285	—	↗
2022-07-01	Taylor Douglas C	Director	A-Award	A	Common Shares	1,110	15.76	17.5K	158,084	—	↗
2022-07-01	Stoliar Gabriel	Director	A-Award	A	Common Shares	1,269	15.76	20.0K	236,547	—	↗
2022-07-01	Miller Janet L	Director	A-Award	A	Common Shares	634	15.76	10.0K	79,181	—	↗
2022-07-01	Fisher Robert P Jr	Director	A-Award	A	Common Shares	634	15.76	10.0K	185,880	—	↗
2022-06-07	Taylor Douglas C	Director	S-Sale	D	Common Shares	21,850	22.77	497.5K	156,974	—	↗
2022-05-11	Koci Keith	Officer	P-Purchase	A	Common Shares	4,600	22.38	102.9K	294,735	—	↗
2022-04-29	Goncalves Celso L Jr	Officer	P-Purchase	A	Common Shares	4,000	26.32	105.3K	143,285	—	↗
2022-04-26	Yocum Arlene M	Director	A-Award	A	Common Shares	5,271	0.00	—	81,954	—	↗
2022-04-26	Taylor Douglas C	Director	A-Award	A	Common Shares	5,271	0.00	—	178,824	—	↗
2022-04-26	Stoliar Gabriel	Director	A-Award	A	Common Shares	5,271	0.00	—	235,278	—	↗
2022-04-26	Miller Janet L	Director	A-Award	A	Common Shares	5,271	0.00	—	78,547	—	↗
2022-04-26	MICHAEL RALPH S III	Director	A-Award	A	Common Shares	5,271	0.00	—	152,407	—	↗
2022-04-26	Koci Keith	Officer	P-Purchase	A	Common Shares	4,500	27.14	122.1K	290,135	—	↗
2022-04-26	GREEN SUSAN MIRANDA	Director	A-Award	A	Common Shares	5,271	0.00	—	96,353	—	↗
2022-04-26	GERBER WILLIAM K	Director	A-Award	A	Common Shares	5,271	0.00	—	128,145	—	↗
2022-04-26	Fisher Robert P Jr	Director	A-Award	A	Common Shares	5,271	0.00	—	185,246	—	↗
2022-04-26	BALDWIN JOHN T	Director	A-Award	A	Deferred Shares	5,271	0.00	—	50,217	—	↗
2022-04-01	Taylor Douglas C	Director	A-Award	A	Common Shares	541	32.36	17.5K	173,553	—	↗
2022-04-01	Stoliar Gabriel	Director	A-Award	A	Common Shares	1,236	32.36	40.0K	230,378	—	↗
2022-04-01	Miller Janet L	Director	A-Award	A	Common Shares	309	32.36	10.0K	73,276	—	↗
2022-04-01	Fisher Robert P Jr	Director	A-Award	A	Common Shares	309	32.36	10.0K	179,975	—	↗
2022-02-24	Smith Clifford T	Officer	A-Award	A	Common Shares	49,401	0.00	—	586,021	—	↗
2022-02-24	Koci Keith	Officer	A-Award	A	Common Shares	45,284	0.00	—	285,635	—	↗
2022-02-24	Harapiak Maurice	Officer	A-Award	A	Common Shares	36,228	0.00	—	472,090	—	↗
2022-02-24	Graham James D	Officer	A-Award	A	Common Shares	36,228	0.00	—	407,031	—	↗

Executive team

Top executives

EBIT / Employee

-45.2K

Shares Outstanding

570.41M

Executive compensation

Executive compensation (annual)

#	Year ⇅	Executive ⇅	Salary ⇅	Bonus	Stock award ⇅	Option award	Incentive	Other	Total ⇅	% Stock- based ⇅	Filing
1	2025	Lourenco Goncalves Chairman, President and CEO	2.20M	—	12.87M	—	3.35M	602.1K	19.02M	67.68%	↗
2	2025	Clifford T. Smith EVP, COO	893.0K	—	3.92M	—	814.4K	245.0K	5.87M	66.74%	↗
3	2025	Celso L. Goncalves Jr. EVP, CFO	850.0K	—	3.73M	—	775.2K	181.2K	5.54M	67.37%	↗
4	2025	Keith A. Koci EVP & President, Cleveland-Cliffs Services	738.0K	—	3.24M	—	673.1K	125.8K	4.77M	67.81%	↗
5	2025	James D. Graham EVP, Chief Legal and Administrative Officer & Secretary	720.0K	—	2.81M	—	547.2K	197.2K	4.27M	65.72%	↗
6	2024	Lourenco Goncalves Chairman, President and CEO	2.20M	—	11.47M	—	880.4K	697.9K	15.25M	75.22%	↗
7	2024	Clifford T. Smith EVP, COO	893.0K	—	3.49M	—	214.3K	174.3K	4.77M	73.14%	↗
8	2024	Celso L. Goncalves Jr. EVP, CFO	850.0K	—	3.32M	—	204.0K	118.0K	4.49M	73.92%	↗
9	2024	Keith A. Koci EVP & President, Cleveland-Cliffs Services	738.0K	—	2.88M	—	177.1K	146.2K	3.95M	73.10%	↗
10	2024	James D. Graham EVP, Chief Legal and Administrative Officer & Secretary	720.0K	—	2.50M	—	144.0K	136.8K	3.50M	71.42%	↗
11	2023	Lourenco Goncalves Chairman, President and CEO	2.12M	—	11.86M	—	10.05M	2.06M	26.09M	45.47%	↗
12	2023	Clifford T. Smith EVP & President, Cleveland-Cliffs Steel	859.0K	—	3.61M	—	2.48M	859.1K	7.81M	46.25%	↗
13	2023	Clifford T. Smith EVP, COO	859.0K	—	3.61M	—	2.46M	859.1K	7.78M	46.39%	↗
14	2023	Keith A. Koci EVP & President, Cleveland-Cliffs Services	710.0K	—	2.98M	—	1.90M	281.2K	5.88M	50.78%	↗
15	2023	Celso L. Goncalves Jr. EVP, CFO	750.0K	—	3.15M	—	1.54M	282.5K	5.72M	55.09%	↗
16	2023	James D. Graham EVP, HR, Chief Legal and Administrative Officer & Secretary	681.0K	—	2.54M	—	1.60M	559.1K	5.38M	47.27%	↗
17	2023	James D. Graham EVP, Chief Legal and Administrative Officer & Secretary	681.0K	—	2.54M	—	1.58M	559.1K	5.37M	47.41%	↗
18	2022	Lourenco Goncalves Chairman, President and CEO	2.04M	—	9.26M	—	6.92M	237.1K	18.46M	50.17%	↗
19	2022	Maurice D. Harapiak Former EVP, HR & Chief Administration Officer	196.9K	—	1.73M	—	734.0K	4.43M	7.09M	24.45%	↗
20	2022	Clifford T. Smith EVP, COO	826.0K	—	2.36M	—	1.70M	62.7K	4.95M	47.74%	↗
21	2022	Clifford T. Smith EVP & President, Cleveland-Cliffs Steel	826.0K	—	2.36M	—	1.70M	62.7K	4.95M	47.74%	↗
22	2022	Keith A. Koci EVP & President, Cleveland-Cliffs Services	683.0K	—	2.17M	—	1.10M	49.8K	4.00M	54.13%	↗
23	2022	Celso L. Goncalves Jr. EVP, CFO	660.0K	—	2.17M	—	714.7K	71.2K	3.61M	59.98%	↗
24	2022	James D. Graham EVP, HR, Chief Legal and Administrative Officer & Secretary	647.1K	—	1.73M	—	948.3K	48.8K	3.38M	51.33%	↗
25	2022	James D. Graham EVP, Chief Legal and Administrative Officer & Secretary	647.1K	—	1.73M	—	948.3K	48.8K	3.38M	51.33%	↗
26	2021	Lourenco Goncalves Chairman, President and CEO	1.94M	3.88M	7.06M	—	10.76M	860.2K	24.49M	28.82%	↗
27	2021	Clifford T. Smith EVP & President, Cleveland-Cliffs Steel	765.0K	918.0K	1.74M	—	2.52M	170.6K	6.12M	28.48%	↗
28	2021	Keith A. Koci EVP & President, Cleveland-Cliffs Services	590.7K	780.0K	1.02M	—	1.65M	154.7K	4.19M	24.37%	↗
29	2021	Terry G. Fedor EVP, Operations, East	600.0K	600.0K	1.09M	—	1.60M	138.9K	4.03M	27.09%	↗
30	2021	Maurice D. Harapiak EVP, HR & Chief Administration Officer	561.0K	561.0K	1.02M	—	1.53M	141.8K	3.82M	26.77%	↗
31	2021	Maurice D. Harapiak Former EVP, HR & Chief Administration Officer	561.0K	561.0K	1.02M	—	1.53M	141.8K	3.82M	26.77%	↗
32	2021	Celso L. Goncalves Jr. EVP, CFO	404.7K	550.0K	453.6K	—	862.5K	89.1K	2.36M	19.22%	↗
33	2020	Lourenco Goncalves Chairman, President and CEO	1.81M	3.80M	4.13M	—	7.47M	1.30M	18.51M	22.30%	↗
34	2020	Clifford T. Smith EVP & President, Cleveland-Cliffs Steel	706.2K	900.0K	1.02M	—	1.41M	299.4K	4.33M	23.51%	↗
35	2020	Clifford T. Smith EVP, COO	706.2K	900.0K	1.02M	—	1.41M	299.4K	4.33M	23.51%	↗
36	2020	Terry G. Fedor EVP, Operations, East	531.7K	550.0K	597.4K	—	1.06M	429.2K	3.17M	18.87%	↗
37	2020	Terry G. Fedor EVP, COO, Steel Mills	531.7K	550.0K	597.4K	—	1.06M	429.2K	3.17M	18.87%	↗
38	2020	Maurice D. Harapiak EVP, HR & Chief Administration Officer	531.7K	550.0K	597.4K	—	1.06M	222.6K	2.96M	20.19%	↗
39	2020	Maurice D. Harapiak Former EVP, HR & Chief Administration Officer	531.7K	550.0K	597.4K	—	1.06M	222.6K	2.96M	20.19%	↗
40	2020	Keith A. Koci EVP, CFO	489.0K	500.0K	543.1K	—	500.0K	193.6K	2.23M	24.40%	↗
41	2020	Keith A. Koci EVP & President, Cleveland-Cliffs Services	489.0K	500.0K	543.1K	—	500.0K	193.6K	2.23M	24.40%	↗
42	2019	Lourenco Goncalves Chairman, President and CEO	1.39M	—	5.89M	—	7.37M	1.42M	16.07M	36.67%	↗
43	2019	Clifford T. Smith EVP, COO	511.0K	—	1.35M	—	1.39M	458.2K	3.71M	36.41%	↗
44	2019	Clifford T. Smith EVP & President, Cleveland-Cliffs Steel	511.0K	—	1.35M	—	1.39M	458.2K	3.71M	36.41%	↗
45	2019	Terry G. Fedor EVP, COO, Steel Mills	439.0K	—	813.4K	—	1.11M	387.3K	2.75M	29.58%	↗
46	2019	Terry G. Fedor EVP, Operations	439.0K	—	813.4K	—	1.11M	387.3K	2.75M	29.58%	↗
47	2019	Terry G. Fedor EVP, Operations, East	439.0K	—	813.4K	—	1.11M	387.3K	2.75M	29.58%	↗
48	2019	Maurice D. Harapiak EVP, HR & Chief Administration Officer	439.0K	—	813.4K	—	1.10M	288.8K	2.64M	30.84%	↗
49	2019	Timothy K. Flanagan Former EVP, CFO	53.0K	—	—	—	266.4K	2.15M	2.47M	0.00%	↗
50	2019	Keith A. Koci EVP & President, Cleveland-Cliffs Services	378.4K	—	787.5K	—	611.5K	224.8K	2.00M	39.33%	↗
51	2019	Keith A. Koci EVP, CFO	378.4K	—	787.5K	—	611.5K	224.8K	2.00M	39.33%	↗
52	2018	Lourenco Goncalves Chairman, President and CEO	1.35M	—	4.78M	—	8.28M	1.04M	15.44M	30.93%	↗
53	2018	Maurice D. Harapiak EVP, HR & Chief Administration Officer	426.0K	—	659.4K	—	1.24M	82.5K	2.41M	27.34%	↗
54	2018	Terry G. Fedor EVP, United States Iron Ore	426.0K	—	659.4K	—	1.28M	45.0K	2.41M	27.41%	↗
55	2018	Terry G. Fedor EVP, COO, Steel Mills	426.0K	—	659.4K	—	1.28M	45.0K	2.41M	27.41%	↗
56	2018	Terry G. Fedor EVP, Operations	426.0K	—	659.4K	—	1.28M	45.0K	2.41M	27.41%	↗
57	2018	Clifford T. Smith EVP, Business Development	426.0K	—	659.4K	—	1.28M	31.5K	2.39M	27.56%	↗
58	2018	Clifford T. Smith EVP, COO	426.0K	—	659.4K	—	1.28M	31.5K	2.39M	27.56%	↗
59	2018	Timothy K. Flanagan Former EVP, CFO	412.0K	—	637.8K	—	1.01M	31.4K	2.10M	30.43%	↗
60	2018	Timothy K. Flanagan EVP, CFO	412.0K	—	637.8K	—	1.01M	31.4K	2.10M	30.43%	↗
61	2017	Lourenco Goncalves Chairman, President and CEO	1.30M	4.65M	11.86M	—	4.57M	1.19M	23.56M	50.33%	↗
62	2017	P. Kelly Tompkins Former EVP & COO	565.0K	899.5K	1.54M	—	1.09M	222.3K	4.32M	35.58%	↗
63	2017	Clifford T. Smith EVP, Business Development	414.0K	673.4K	787.6K	—	588.9K	194.7K	2.66M	29.62%	↗
64	2017	Clifford T. Smith EVP, COO	414.0K	673.4K	787.6K	—	588.9K	194.7K	2.66M	29.62%	↗
65	2017	Terry G. Fedor EVP, Operations	414.0K	673.4K	787.6K	—	588.9K	164.1K	2.63M	29.97%	↗
66	2017	Terry G. Fedor EVP, United States Iron Ore	414.0K	673.4K	787.6K	—	588.9K	164.1K	2.63M	29.97%	↗
67	2017	Maurice D. Harapiak EVP, HR & Chief Administration Officer	400.0K	623.1K	761.0K	—	566.8K	39.2K	2.39M	31.84%	↗
68	2017	Timothy K. Flanagan EVP, CFO & Treasurer	400.0K	318.0K	761.0K	—	540.8K	174.6K	2.19M	34.68%	↗
69	2017	Timothy K. Flanagan EVP, CFO	400.0K	318.0K	761.0K	—	540.8K	174.6K	2.19M	34.68%	↗
70	2017	Timothy K. Flanagan Former EVP, CFO	400.0K	318.0K	761.0K	—	540.8K	174.6K	2.19M	34.68%	↗
71	2016	Lourenco Goncalves Chairman, President & CEO	1.20M	—	2.18M	—	5.52M	632.3K	9.54M	22.90%	↗
72	2016	Lourenco Goncalves Chairman, President and CEO	1.20M	—	2.18M	—	5.52M	632.3K	9.54M	22.90%	↗
73	2016	P. Kelly Tompkins EVP & CFO	537.0K	—	429.0K	—	1.00M	207.6K	2.17M	19.73%	↗
74	2016	P. Kelly Tompkins Former EVP & COO	537.0K	—	429.0K	—	1.00M	207.6K	2.17M	19.73%	↗
75	2016	Clifford T. Smith EVP, Business Development	402.0K	—	321.1K	—	749.1K	193.4K	1.67M	19.28%	↗
76	2016	Terry G. Fedor EVP, United States Iron Ore	402.0K	—	321.1K	—	749.1K	148.9K	1.62M	19.81%	↗
77	2016	Maurice D. Harapiak EVP, HR & Chief Administration Officer	372.0K	—	297.2K	—	693.2K	113.3K	1.48M	20.14%	↗
78	2016	Maurice D. Harapiak EVP, Human Resources	372.0K	—	297.2K	—	693.2K	113.3K	1.48M	20.14%	↗
79	2015	Lourenco Goncalves Chairman, President & CEO	1.20M	—	6.18M	1.44M	2.07M	221.8K	11.11M	68.55%	↗
80	2015	Lourenco Goncalves Chairman, President and CEO	1.20M	—	6.18M	1.44M	2.07M	221.8K	11.11M	68.55%	↗
81	2015	David L. Webb Former EVP, Global Coal	335.0K	—	528.3K	211.2K	—	1.93M	3.01M	24.59%	↗
82	2015	P. Kelly Tompkins Former EVP & COO	537.0K	—	1.24M	282.1K	371.2K	108.1K	2.54M	60.01%	↗
83	2015	P. Kelly Tompkins EVP & CFO	537.0K	—	1.24M	282.1K	371.2K	108.1K	2.54M	60.01%	↗
84	2015	Clifford T. Smith EVP, Business Development	402.0K	—	930.6K	211.2K	277.9K	70.3K	1.89M	60.35%	↗
85	2015	Terry G. Fedor EVP, United States Iron Ore	402.0K	—	930.6K	211.2K	277.9K	66.3K	1.89M	60.48%	↗
86	2015	Maurice D. Harapiak EVP, Human Resources	372.0K	—	861.1K	195.5K	257.1K	155.4K	1.84M	57.39%	↗
87	2015	Terrance M. Paradie Former EVP, CFO & Treasurer	131.7K	—	682.0K	272.7K	—	77.9K	1.16M	82.00%	↗
88	2014	Gary B. Halverson Former President & CEO	572.4K	—	3.28M	—	—	9.30M	13.15M	24.95%	↗
89	2014	Lourenco Goncalves Chairman, President & CEO	482.3K	1.20M	4.24M	3.46M	—	93.3K	9.48M	81.26%	↗
90	2014	James F. Kirsch Former Executive Chairman	520.7K	744.0K	1.63M	—	—	187.0K	3.08M	52.85%	↗
91	2014	Clifford T. Smith EVP, Seaborne Iron Ore	385.0K	—	1.06M	—	312.0K	1.19M	2.94M	36.04%	↗
92	2014	Clifford T. Smith EVP, Business Development	385.0K	—	1.06M	—	312.0K	1.19M	2.94M	36.04%	↗
93	2014	David L. Webb EVP, Global Coal	387.5K	—	1.06M	—	312.0K	972.8K	2.73M	38.82%	↗
94	2014	David L. Webb Former EVP, Global Coal	387.5K	—	1.06M	—	312.0K	972.8K	2.73M	38.82%	↗
95	2014	Terrance M. Paradie Former EVP, CFO & Treasurer	488.8K	—	1.37M	—	404.0K	401.4K	2.67M	51.50%	↗
96	2014	Terrance M. Paradie EVP, CFO & Treasurer	488.8K	—	1.37M	—	404.0K	401.4K	2.67M	51.50%	↗
97	2014	P. Kelly Tompkins EVP, Business Development	513.8K	—	838.3K	—	499.0K	400.9K	2.25M	37.23%	↗
98	2014	P. Kelly Tompkins EVP & CFO	513.8K	—	838.3K	—	499.0K	400.9K	2.25M	37.23%	↗
99	2013	Gary B. Halverson Former President & CEO	118.8K	600.0K	1.65M	—	139.2K	32.9K	2.54M	64.92%	↗
100	2013	P. Kelly Tompkins EVP & CFO	484.1K	—	1.09M	—	364.2K	45.3K	1.99M	54.98%	↗
101	2013	P. Kelly Tompkins EVP, Business Development	484.1K	—	1.09M	—	364.2K	45.3K	1.99M	54.98%	↗
102	2013	Terrance M. Paradie EVP, CFO & Treasurer	415.0K	—	432.5K	—	269.8K	39.4K	1.16M	37.39%	↗
103	2013	Terrance M. Paradie Former EVP, CFO & Treasurer	415.0K	—	432.5K	—	269.8K	39.4K	1.16M	37.39%	↗
104	2012	Joseph A. Carrabba Chairman, President & Chief Executive Officer	1.00M	—	4.64M	—	—	527.5K	6.17M	75.23%	↗
105	2012	Duncan P. Price Former Executive Vice President & President, Global Operations	429.4K	—	1.13M	—	—	3.11M	4.67M	24.27%	↗
106	2012	William A. Brake Former Executive Vice President, Global Metallics	108.0K	—	—	—	—	2.18M	2.29M	0.00%	↗
107	2012	Laurie Brlas Executive Vice President & President, Global Operations	579.8K	—	1.43M	—	—	172.7K	2.19M	65.59%	↗
108	2012	Donald J. Gallagher Executive Vice President & President, Global Commercial	506.3K	—	1.18M	—	—	316.6K	2.00M	58.82%	↗
109	2012	P. Kelly Tompkins EVP, Business Development	446.1K	—	1.06M	—	—	127.1K	1.63M	64.91%	↗
110	2012	P. Kelly Tompkins Executive Vice President, Legal, Government Affairs and Sustainability, Chief Legal Officer & President, Cliffs China	446.1K	—	1.06M	—	—	127.1K	1.63M	64.91%	↗
111	2012	David B. Blake Senior Vice President, North American Iron Ore Operations	382.0K	—	648.9K	—	150.0K	108.6K	1.29M	50.32%	↗
112	2012	Terrance M. Paradie EVP, CFO & Treasurer	311.3K	—	406.8K	—	—	178.1K	896.1K	45.40%	↗
113	2012	Terrance M. Paradie Senior Vice President & CFO	311.3K	—	406.8K	—	—	76.4K	794.5K	51.21%	↗
114	2011	Joseph A. Carrabba Chairman, President & Chief Executive Officer	955.5K	—	3.10M	—	1.88M	496.5K	6.44M	48.23%	↗
115	2011	Joseph A. Carrabba Chairman, President and Chief Executive Officer	955.5K	—	3.10M	—	1.88M	496.5K	6.44M	48.23%	↗
116	2011	William R. Calfee Former Executive Vice President, Commercial Projects	197.0K	—	—	—	427.8K	4.87M	5.49M	0.00%	↗
117	2011	Richard Mehan Former Senior Vice President and CEO Asia Pacific	54.9K	—	—	—	—	2.96M	3.01M	0.00%	↗
118	2011	Donald J. Gallagher Executive Vice President & President, Global Commercial	486.2K	—	932.5K	—	556.3K	438.2K	2.41M	38.64%	↗
119	2011	Donald J. Gallagher Executive Vice President and President—Global Commercial	486.2K	—	932.5K	—	556.3K	438.2K	2.41M	38.64%	↗
120	2011	Laurie Brlas Executive Vice President, Finance and Administration & Chief Financial Officer	516.0K	—	1.01M	—	630.1K	144.7K	2.30M	43.88%	↗
121	2011	Laurie Brlas Executive Vice President & President, Global Operations	516.0K	—	1.01M	—	630.1K	144.7K	2.30M	43.88%	↗
122	2011	Duncan P. Price Former Executive Vice President & President, Global Operations	548.3K	—	889.6K	—	560.5K	287.9K	2.29M	38.91%	↗
123	2011	Duncan P. Price Executive Vice President and President—Global Operations	548.3K	—	889.6K	—	560.5K	287.9K	2.29M	38.91%	↗
124	2011	P. Kelly Tompkins Executive Vice President, Legal, Government Affairs and Sustainability, Chief Legal Officer & President, Cliffs China	425.5K	—	772.2K	—	511.1K	119.5K	1.83M	42.23%	↗
125	2011	P. Kelly Tompkins Executive Vice President-Legal, Government Affairs and Sustainability & Chief Legal Officer	425.5K	—	772.2K	—	511.1K	119.5K	1.83M	42.23%	↗
126	2011	William A. Brake Former Executive Vice President, Global Metallics	432.0K	—	619.4K	—	417.7K	154.9K	1.62M	38.14%	↗
127	2010	Joseph A. Carrabba Chairman, President & Chief Executive Officer	814.0K	—	2.86M	—	1.48M	438.7K	5.60M	51.11%	↗
128	2010	Joseph A. Carrabba Chairman, President and Chief Executive Officer	814.0K	—	2.86M	—	1.48M	438.7K	5.60M	51.11%	↗
129	2010	George W. Hawk Former General Counsel and Secretary	125.0K	—	—	—	—	3.12M	3.25M	0.00%	↗
130	2010	Donald J. Gallagher Executive Vice President and President, Global Commercial	439.8K	—	733.5K	—	494.4K	403.4K	2.07M	35.42%	↗
131	2010	Donald J. Gallagher Executive Vice President & President, Global Commercial	439.8K	—	733.5K	—	494.4K	403.4K	2.07M	35.42%	↗
132	2010	Donald J. Gallagher Executive Vice President and President—Global Commercial	439.8K	—	733.5K	—	494.4K	403.4K	2.07M	35.42%	↗
133	2010	Laurie Brlas Executive Vice President, Finance and Administration & Chief Financial Officer	445.4K	—	756.2K	—	550.7K	126.4K	1.88M	40.25%	↗
134	2010	Laurie Brlas Executive Vice President, Global Administration and Finance and Chief Financial Officer	445.4K	—	756.2K	—	550.7K	126.4K	1.88M	40.25%	↗
135	2010	Laurie Brlas Executive Vice President & President, Global Operations	445.4K	—	756.2K	—	550.7K	126.4K	1.88M	40.25%	↗
136	2010	William A. Brake Executive Vice President, Global Metallics	427.8K	—	732.6K	—	463.7K	150.6K	1.77M	41.28%	↗
137	2010	William A. Brake Former Executive Vice President, Global Metallics	427.8K	—	732.6K	—	463.7K	150.6K	1.77M	41.28%	↗
138	2010	William R. Calfee Former Executive Vice President, Commercial Projects	385.3K	—	555.5K	—	416.6K	208.9K	1.57M	35.47%	↗
139	2010	Richard Mehan Former Senior Vice President and CEO Asia Pacific	495.1K	—	297.8K	—	301.5K	352.7K	1.45M	20.58%	↗
140	2009	Joseph A. Carrabba Chairman, President and Chief Executive Officer	750.5K	—	2.73M	—	1.33M	543.7K	5.35M	50.99%	↗
141	2009	Donald J. Gallagher Executive Vice President and President—Global Commercial	412.1K	—	235.8K	—	430.8K	317.4K	1.40M	16.89%	↗
142	2009	Donald J. Gallagher President, North American Business Unit	412.1K	—	235.8K	—	430.8K	317.4K	1.40M	16.89%	↗
143	2009	Donald J. Gallagher Executive Vice President and President, Global Commercial	412.1K	—	235.8K	—	430.8K	317.4K	1.40M	16.89%	↗
144	2009	Laurie Brlas Executive Vice President, Finance and Administration & Chief Financial Officer	406.3K	—	267.6K	—	424.7K	108.0K	1.21M	22.18%	↗
145	2009	Laurie Brlas Executive Vice President, Global Administration and Finance and Chief Financial Officer	406.3K	—	267.6K	—	424.7K	108.0K	1.21M	22.18%	↗
146	2009	Laurie Brlas Executive Vice President and Chief Financial Officer	406.3K	—	267.6K	—	424.7K	108.0K	1.21M	22.18%	↗
147	2009	William A. Brake Executive Vice President, Global Metallics	400.5K	—	260.0K	—	418.7K	99.8K	1.18M	22.05%	↗
148	2009	William A. Brake Executive Vice President, Human & Technical Resources	400.5K	—	260.0K	—	418.7K	99.8K	1.18M	22.05%	↗
149	2009	William R. Calfee Former Executive Vice President, Commercial Projects	363.8K	—	180.5K	—	367.3K	109.8K	1.02M	17.67%	↗
150	2009	William R. Calfee Executive Vice President, Commercial, North American Iron Ore	363.8K	—	180.5K	—	367.3K	109.8K	1.02M	17.67%	↗
151	2009	George W. Hawk Former General Counsel and Secretary	289.5K	—	116.2K	—	220.5K	75.9K	702.1K	16.55%	↗
152	2008	Joseph A. Carrabba Chairman, President and Chief Executive Officer	767.5K	—	1.66M	—	1.84M	202.6K	4.47M	37.14%	↗
153	2008	Donald J. Gallagher President, North American Business Unit	418.8K	—	512.8K	—	602.2K	575.8K	2.11M	24.31%	↗
154	2008	Donald J. Gallagher Executive Vice President and President, Global Commercial	418.8K	—	512.8K	—	602.2K	575.8K	2.11M	24.31%	↗
155	2008	Laurie Brlas Executive Vice President, Global Administration and Finance and Chief Financial Officer	410.8K	—	520.0K	—	606.9K	72.0K	1.61M	32.31%	↗
156	2008	Laurie Brlas Executive Vice President and Chief Financial Officer	410.8K	—	520.0K	—	606.9K	72.0K	1.61M	32.31%	↗
157	2008	William R. Calfee Executive Vice President, Commercial, North American Iron Ore	369.8K	—	390.0K	—	531.7K	265.0K	1.56M	25.06%	↗
158	2008	William A. Brake Executive Vice President, Global Metallics	354.0K	—	426.1K	—	495.4K	54.7K	1.33M	32.03%	↗
159	2008	William A. Brake Executive Vice President, Human & Technical Resources	354.0K	—	426.1K	—	495.4K	54.7K	1.33M	32.03%	↗
160	2008	George W. Hawk Former General Counsel and Secretary	290.0K	—	325.0K	—	387.8K	52.7K	1.06M	30.79%	↗
161	2007	Joseph A. Carrabba Chairman, President and Chief Executive Officer	675.0K	—	8.47M	—	1.09M	223.2K	10.46M	81.00%	↗
162	2007	Donald J. Gallagher President, North American Business Unit	389.3K	—	2.86M	—	420.0K	629.4K	4.30M	66.55%	↗
163	2007	Laurie Brlas Executive Vice President and Chief Financial Officer	376.3K	—	2.75M	—	404.8K	61.6K	3.59M	76.53%	↗
164	2007	William R. Calfee Executive Vice President, Commercial, North American Iron Ore	344.8K	—	1.51M	—	371.7K	590.8K	2.82M	53.62%	↗
165	2007	William A. Brake Executive Vice President, Human & Technical Resources	230.2K	—	2.31M	—	238.5K	24.2K	2.80M	82.41%	↗
166	2006	John S. Brinzo Former Chairman of the Board and Former Chief Executive Officer	531.3K	750.0K	2.59M	—	44.8K	3.92M	7.84M	33.02%	↗
167	2006	Joseph A. Carrabba Chairman, President and Chief Executive Officer	520.8K	—	1.28M	—	752.1K	219.0K	2.77M	46.21%	↗
168	2006	David H. Gunning Former Vice Chairman of the Board	426.3K	—	1.39M	—	397.6K	326.5K	2.54M	54.72%	↗
169	2006	Donald J. Gallagher President North American Iron Ore and former Chief Financial Officer	339.6K	—	1.06M	—	349.2K	642.2K	2.39M	44.37%	↗
170	2006	William R. Calfee Executive Vice President—Commercial North American Iron Ore	331.8K	375.0K	742.1K	—	318.2K	568.5K	2.34M	31.77%	↗
171	2006	Laurie Brlas Sr. Vice President and Chief Financial Officer and Treasurer	22.2K	399.7K	422.00	—	2.2K	502.00	425.1K	0.10%	↗
172	2005	John S. Brinzo Chairman and Chief Executive Officer	612.5K	1.25M	—	—	—	11.00	1.86M	0.00%	↗
173	2005	William R. Calfee Executive Vice President– Commercial	319.5K	515.0K	—	—	—	87.00	834.6K	0.00%	↗
174	2005	Joseph A. Carrabba President and Chief Operating Officer	274.4K	500.0K	—	—	—	—	774.4K	0.00%	↗
175	2005	David H. Gunning Vice Chairman	391.8K	250.0K	—	—	—	5.00	641.8K	0.00%	↗
176	2005	Donald J. Gallagher Executive Vice President, Chief Financial Officer and Treasurer	285.0K	180.0K	—	—	—	61.00	465.1K	0.00%	↗
177	2004	J. S. Brinzo Chairman, President and Chief Executive Officer	568.8K	700.0K	—	—	—	—	1.27M	0.00%	↗
178	2004	John S. Brinzo Chairman and Chief Executive Officer	568.8K	700.0K	—	—	—	—	1.27M	0.00%	↗
179	2004	David H. Gunning Vice Chairman	357.8K	300.0K	—	—	—	—	657.8K	0.00%	↗
180	2004	William R. Calfee Executive Vice President– Commercial	309.0K	260.0K	—	—	—	367.00	569.4K	0.00%	↗
181	2004	Donald J. Gallagher Senior Vice President, Chief Financial Officer and Treasurer	237.5K	230.0K	—	—	—	125.00	467.6K	0.00%	↗
182	2004	Donald J. Gallagher Executive Vice President, Chief Financial Officer and Treasurer	237.5K	230.0K	—	—	—	125.00	467.6K	0.00%	↗
183	2004	Randy L. Kummer Senior Vice President – Human Resources	217.5K	200.0K	—	—	—	—	417.5K	0.00%	↗
184	2003	J. S. Brinzo Chairman, President and Chief Executive Officer	550.0K	—	—	—	—	—	550.0K	0.00%	↗
185	2003	John S. Brinzo Chairman and Chief Executive Officer	550.0K	—	—	—	—	—	550.0K	0.00%	↗
186	2003	John S. Brinzo Chairman, President and Chief Executive Officer	550.0K	—	—	—	—	—	550.0K	0.00%	↗
187	2003	Cynthia B. Bezik Former Senior Vice President and Chief Financial Officer	419.6K	—	—	—	—	—	419.6K	0.00%	↗
188	2003	Thomas J. O’Neil Former President and Chief Operating Officer	350.0K	—	—	—	—	—	350.0K	0.00%	↗
189	2003	David H. Gunning Vice Chairman	330.0K	—	—	—	—	—	330.0K	0.00%	↗
190	2003	William R. Calfee Executive – Vice President – Commercial	300.0K	—	—	—	—	925.00	300.9K	0.00%	↗
191	2003	William R. Calfee Executive Vice President– Commercial	300.0K	—	—	—	—	925.00	300.9K	0.00%	↗
192	2003	Edward C. Dowling, Jr. Executive Vice President – Operations	300.0K	—	—	—	—	—	300.0K	0.00%	↗
193	2003	Randy L. Kummer Senior Vice President- Human Resources	210.0K	—	—	—	—	—	210.0K	0.00%	↗
194	2003	Randy L. Kummer Senior Vice President – Human Resources	210.0K	—	—	—	—	—	210.0K	0.00%	↗
195	2003	Donald J. Gallagher Senior Vice President, Chief Financial Officer and Treasurer	176.7K	—	—	—	—	177.00	176.8K	0.00%	↗
196	2003	Donald J. Gallagher Executive Vice President, Chief Financial Officer and Treasurer	176.7K	—	—	—	—	177.00	176.8K	0.00%	↗
197	2002	John S. Brinzo Chairman and Chief Executive Officer	529.2K	525.0K	—	—	—	—	1.05M	0.00%	↗
198	2002	J. S. Brinzo Chairman, President and Chief Executive Officer	529.2K	525.0K	—	—	—	—	1.05M	0.00%	↗
199	2002	John S. Brinzo Chairman, President and Chief Executive Officer	529.2K	525.0K	—	—	—	—	1.05M	0.00%	↗
200	2002	David H. Gunning Vice Chairman	317.5K	275.0K	—	—	—	—	592.5K	0.00%	↗
201	2002	Thomas J. O’Neil President and Chief Operating Officer	343.3K	225.0K	—	—	—	—	568.3K	0.00%	↗
202	2002	Thomas J. O’Neil Former President and Chief Operating Officer	343.3K	225.0K	—	—	—	—	568.3K	0.00%	↗
203	2002	William R. Calfee Executive Vice President-Commercial	292.5K	225.0K	—	—	—	1.1K	518.6K	0.00%	↗
204	2002	William R. Calfee Executive Vice President– Commercial	292.5K	225.0K	—	—	—	1.1K	518.6K	0.00%	↗
205	2002	William R. Calfee Executive – Vice President – Commercial	292.5K	225.0K	—	—	—	1.1K	518.6K	0.00%	↗
206	2002	Edward C. Dowling, Jr. Executive Vice President- Operations	260.4K	200.0K	—	—	—	—	460.4K	0.00%	↗
207	2002	Edward C. Dowling, Jr. Executive Vice President – Operations	260.4K	200.0K	—	—	—	—	460.4K	0.00%	↗
208	2002	Cynthia B. Bezik Former Senior Vice President and Chief Financial Officer	256.7K	145.0K	—	—	—	13.00	401.7K	0.00%	↗
209	2002	Randy L. Kummer Senior Vice President- Human Resources	195.4K	140.0K	—	—	—	—	335.4K	0.00%	↗
210	2002	Randy L. Kummer Senior Vice President – Human Resources	195.4K	140.0K	—	—	—	—	335.4K	0.00%	↗
211	2002	Donald J. Gallagher Senior Vice President, Chief Financial Officer and Treasurer	153.8K	100.0K	—	—	—	154.00	253.9K	0.00%	↗
212	2001	John S. Brinzo Chairman, President and Chief Executive Officer	500.0K	131.6K	—	—	—	—	631.6K	0.00%	↗
213	2001	John S. Brinzo Chairman and Chief Executive Officer	500.0K	131.6K	—	—	—	—	631.6K	0.00%	↗
214	2001	Thomas J. O’Neil President and Chief Operating Officer	334.0K	42.2K	—	—	—	3.4K	379.6K	0.00%	↗
215	2001	Thomas J. O’Neil Former President and Chief Operating Officer	334.0K	42.2K	—	—	—	3.4K	379.6K	0.00%	↗
216	2001	William R. Calfee Executive – Vice President – Commercial	282.0K	42.2K	—	—	—	978.00	325.1K	0.00%	↗
217	2001	William R. Calfee Executive Vice President-Commercial	282.0K	42.2K	—	—	—	978.00	325.1K	0.00%	↗
218	2001	Edward C. Dowling, Jr. Executive Vice President- Operations	244.5K	47.4K	—	—	—	—	291.9K	0.00%	↗
219	2001	Edward C. Dowling, Jr. Executive Vice President – Operations	244.5K	47.4K	—	—	—	—	291.9K	0.00%	↗
220	2001	Edward C. Dowling, Jr. Senior Vice President- Operations	244.5K	47.4K	—	—	—	—	291.9K	0.00%	↗
221	2001	Cynthia B. Bezik Former Senior Vice President and Chief Financial Officer	242.9K	36.9K	—	—	—	520.00	280.3K	0.00%	↗
222	2001	Cynthia B. Bezik Senior Vice President- Finance	242.9K	36.9K	—	—	—	—	279.8K	0.00%	↗
223	2001	David H. Gunning Vice Chairman	212.5K	52.7K	—	—	—	—	265.2K	0.00%	↗
224	2001	Randy L. Kummer Senior Vice President- Human Resources	186.1K	53.9K	—	—	—	—	240.0K	0.00%	↗
225	2000	John S. Brinzo Chairman and Chief Executive Officer	490.4K	100.0K	—	—	—	253.00	590.7K	0.00%	↗
226	2000	Thomas J. O’Neil President and Chief Operating Officer	328.2K	55.1K	—	—	—	275.00	383.5K	0.00%	↗
227	2000	William R. Calfee Executive Vice President-Commercial	278.3K	45.0K	—	—	—	73.00	323.3K	0.00%	↗
228	2000	Edward C. Dowling, Jr. Executive Vice President- Operations	226.7K	65.0K	—	—	—	—	291.7K	0.00%	↗
229	2000	Edward C. Dowling, Jr. Senior Vice President- Operations	226.7K	65.0K	—	—	—	—	291.7K	0.00%	↗
230	2000	Cynthia B. Bezik Senior Vice President- Finance	220.4K	45.0K	—	—	—	—	265.4K	0.00%	↗
231	1999	John S. Brinzo Chairman and Chief Executive Officer	421.0K	—	—	—	—	—	421.0K	0.00%	↗
232	1999	Thomas J. O’Neil President and Chief Operating Officer	263.4K	55.0K	—	—	—	—	318.4K	0.00%	↗
233	1999	William R. Calfee Executive Vice President-Commercial	268.6K	—	—	—	—	—	268.6K	0.00%	↗
234	1999	A. Stanley West Senior Vice President-Sales and Commercial Planning	198.8K	30.0K	—	—	—	8.1K	237.0K	0.00%	↗
235	1999	Edward C. Dowling, Jr. Senior Vice President- Operations	190.8K	40.0K	—	—	—	—	230.8K	0.00%	↗
236	1999	Cynthia B. Bezik Senior Vice President- Finance	191.7K	30.0K	—	—	—	—	221.7K	0.00%	↗
237	1998	John S. Brinzo Chairman and Chief Executive Officer	400.0K	291.0K	—	—	—	16.4K	707.4K	0.00%	↗
238	1998	Edward C. Dowling, Jr. Senior Vice President- Operations	138.8K	80.0K	273.1K	—	—	85.0K	576.9K	47.34%	↗
239	1998	Thomas J. O’Neil President and Chief Operating Officer	250.0K	155.0K	—	—	—	10.2K	415.2K	0.00%	↗
240	1998	William R. Calfee Executive Vice President-Commercial	262.5K	140.0K	—	—	—	10.8K	413.3K	0.00%	↗
241	1998	A. Stanley West Senior Vice President-Sales and Commercial Planning	189.8K	108.0K	—	—	—	7.8K	305.6K	0.00%	↗
242	1998	Cynthia B. Bezik Senior Vice President- Finance	175.0K	100.0K	—	—	—	7.2K	282.2K	0.00%	↗
243	1997	William R. Calfee Executive Vice President-Commercial	256.3K	100.0K	45.3K	—	—	10.5K	412.0K	10.98%	↗
244	1997	John S. Brinzo Chairman and Chief Executive Officer	280.7K	112.0K	—	—	—	11.5K	404.2K	0.00%	↗
245	1997	Thomas J. O’Neil President and Chief Operating Officer	231.0K	100.0K	—	—	—	9.5K	340.5K	0.00%	↗
246	1997	A. Stanley West Senior Vice President-Sales and Commercial Planning	183.8K	66.5K	25.3K	—	—	7.5K	283.1K	8.93%	↗
247	1997	Edward C. Dowling, Jr. Senior Vice President- Operations	—	—	—	—	—	7.7K	7.7K	0.00%	↗

CEO compensation breakdown

Proxy statements

Proxy statements (DEF 14A)

Filing date	Form type	Filing
2026-04-02	DEFA14A	↗
2026-04-02	DEF 14A	↗
2025-04-02	DEFA14A	↗
2025-04-02	DEF 14A	↗

Recent SEC filings

Filing date	Form type	Filing
2026-05-29	SD	↗
2026-05-20	8-K	↗
2026-05-12	SC 13G	↗
2026-04-29	SC 13G	↗
2026-04-23	4	↗
2026-04-23	4	↗
2026-04-23	4	↗
2026-04-23	4	↗
2026-04-23	4	↗
2026-04-23	4	↗

Executive team

Name	Title	Compensation	Gender
C. Lourenco Goncalves	Chairman, President & Chief Executive Officer	6M	male
Terry G. Fedor	Executive Vice President of Engineering & Technology	3M	male
Clifford T. Smith	Executive Vice President & Chief Operating Officer	2M	male
Celso L. Goncalves Jr.	Executive Vice President & Chief Financial Officer	2M	male
Keith A. Koci	Executive Vice President & President of Cleveland-Cliffs Services	1M	male
James D. Graham	Executive Vice President, Chief Legal & Administrative Officer and Secretary	1M	male
Michael Hrosik	Senior Vice President of Commercial	—	male
Patricia Persico	Senior Director of Corporate Communications	—	female
Patrick Bloom	Executive Vice President of Government Relations	—	male
Paul Finan	Executive Vice President of Strategic Development	—	male
Robert H. Fischer	Executive Vice President of Human Resources & Labor Relations	—	male
Kimberly A. Floriani	Senior Vice President, Corporate Controller & Chief Accounting Officer	—	female

ESG Rating

STEEL

Rank: 9 out of 22

2015

E (Environmental)

59.2 / 68.9

Company / Sector avg.

S (Social)

66.4 / 78.0

Company / Sector avg.

G (Governance)

66.3 / 72.3

Company / Sector avg.

ESG Total

64.0 / 73.1

Company / Sector avg.

ESG Score History STEEL

Benchmark vs Sector

Senate Trading Activity

Transaction Date	Disclosed	Senator	State	Owner	Type	Amount	Link
2024-05-13	2024-06-14	Tommy Tuberville	AL	Joint	Sale (Partial)	$100,001 - $250,000	↗
2024-05-13	2024-06-14	Tommy Tuberville	AL	Joint	Sale (Full)	$100,001 - $250,000	↗
2024-05-10	2024-06-14	Tommy Tuberville	AL	Joint	Sale (Partial)	$50,001 - $100,000	↗
2024-05-10	2024-06-14	Tommy Tuberville	AL	Joint	Sale (Partial)	$15,001 - $50,000	↗
2024-05-10	2024-06-14	Tommy Tuberville	AL	Joint	Sale (Partial)	$100,001 - $250,000	↗
2024-05-10	2024-06-14	Tommy Tuberville	AL	Joint	Sale (Partial)	$1,001 - $15,000	↗
2024-05-10	2024-06-14	Tommy Tuberville	AL	Joint	Purchase	$1,001 - $15,000	↗
2024-05-07	2024-06-14	Tommy Tuberville	AL	Joint	Purchase	$1,001 - $15,000	↗
2024-01-22	2024-02-14	Tommy Tuberville	AL	Joint	Sale (Partial)	$50,001 - $100,000	↗
2024-01-22	2024-02-14	Tommy Tuberville	AL	Joint	Sale (Partial)	$15,001 - $50,000	↗
2024-01-22	2024-02-14	Tommy Tuberville	AL	Joint	Sale (Full)	$1,001 - $15,000	↗
2023-11-21	2023-12-15	Tommy Tuberville	AL	Joint	Sale (Full)	$1,001 - $15,000	↗
2023-11-09	2023-12-15	Tommy Tuberville	AL	Joint	Sale (Full)	$1,001 - $15,000	↗
2023-10-31	2023-11-16	Tommy Tuberville	AL	Joint	Sale (Full)	$1,001 - $15,000	↗
2023-10-23	2023-11-16	Tommy Tuberville	AL	Joint	Purchase	$15,001 - $50,000	↗
2023-10-18	2023-11-16	Tommy Tuberville	AL	Joint	Purchase	$15,001 - $50,000	↗
2023-09-14	2023-10-13	Tommy Tuberville	AL	Joint	Purchase	$1,001 - $15,000	↗
2023-09-08	2023-10-13	Tommy Tuberville	AL	Joint	Purchase	$50,001 - $100,000	↗
2023-09-07	2023-10-13	Tommy Tuberville	AL	Joint	Purchase	$50,001 - $100,000	↗
2023-07-25	2023-08-14	Tommy Tuberville	AL	Joint	Sale (Full)	$1,001 - $15,000	↗

House Trading Activity

Transaction Date	Disclosed	Representative	District	Owner	Type	Amount	Link
2024-03-28	2024-06-14	Mike Kelly	PA16	Spouse	Purchase	$50,001 - $100,000	↗
2023-06-29	2023-08-13	Daniel Goldman	NY10	—	Sale	$1,001 - $15,000	↗
2023-04-10	2023-05-19	Daniel Goldman	NY10	—	Purchase	$1,001 - $15,000	↗
2021-10-28	2021-11-18	Kim Schrier	WA08	Joint	Sale (Full)	$15,001 - $50,000	↗
2021-04-27	2021-04-30	Deborah K. Ross	NC02	Spouse	Purchase	$15,001 - $50,000	↗
2021-01-11	2021-02-23	Mike Kelly	PA16	Self	Purchase	$50,001 - $100,000	↗
2020-09-21	2021-03-25	Warren Davidson	OH08	—	Sale (Full)	$15,001 - $50,000	↗
2020-04-29	2020-05-20	Mike Kelly	PA16	Self	Purchase	$15,001 - $50,000	↗
2020-03-16	2021-03-25	Warren Davidson	OH08	—	Exchange	$15,001 - $50,000	↗

Market share among peers

Peer comparison — filtered group (TTM)

Your opinion

Share your view on this stock and instantly see how the community has voted over the last 6 months.

These are community opinions and do not constitute buy or sell advice to act on. The results shown are based on aggregated opinions and are not an investment recommendation, nor do they intend to influence any investment decision.

Cleveland-Cliffs Inc. (CLF)

Index membership

Revenue flow

Revenue by geography

Revenue by segment

Revenue composition

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Owner Earnings

Ownership Overview

Institutional Activity (13F)

ETF Ownership

Insider Activity

Executive team

Executive compensation

Proxy statements

Recent SEC filings

Executive team

Community Opinion for CLF

Short-term intention

Target Price Distribution

Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits

Cleveland-Cliffs Inc. (CLF)

Index membership

Revenue flow

Revenue by geography

Revenue by segment

Revenue composition

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Owner Earnings

Ownership Overview

Institutional Activity (13F)

ETF Ownership

Insider Activity

Executive team

Executive compensation

Proxy statements

Recent SEC filings

Executive team

Community Opinion for CLF

Short-term intention

Target Price Distribution

Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits

Related companies