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CLEVELAND-CLIFFS INC.

For the period ended Dec 31, 2025. Filed Apr 2, 2026.

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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, 2025 · Filed Apr 2, 2026

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

35 | CLF 2026 PROXY STATEMENT

Assisting in the preparation of our proxy statement, including the Pay Versus Performance disclosure;

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;

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

Assisting in determining the impact of the Accounting Restatement, as further discussed in the “Recovery of Erroneously-Awarded Compensation” section below.

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.