CLEVELAND-CLIFFS INC.

For the period ended Dec 31, 2024. Filed Apr 2, 2025.

About this filing

What shareholders are asked to vote on at a company's meeting. It is where to find what directors and top executives are paid, and who owns the most shares.

Dec 31, 2024 · Filed Apr 2, 2025

CLF$11.46+1.7%Stored close · as of Nov 6, 2026

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Contents

37 | CLF 2025 PROXY STATEMENT

Conducting the annual risk assessment to confirm that metrics and initiatives are appropriate to drive high performance without encouraging undue risk-taking;

Verifying the compensation comparator group remains suitable to use to assess the appropriateness and competitiveness of our executive compensation program; and

Preparing comparative compensation information regarding executive compensation, including evaluating the compensation of our comparator group (discussed below).

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