CLEVELAND-CLIFFS INC.
For the period ended Dec 31, 2025. Filed Apr 2, 2026.
View on SEC.govAbout 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$11.46+1.7%Stored close · as of Nov 6, 2026
Contents
43 | CLF 2026 PROXY STATEMENT
For purposes of determining share ownership levels, only the following forms of our equity interests are taken into account:
shares owned directly (including restricted shares); and
unvested restricted stock units.
Currently, all NEOs are in compliance with our guid elines. The following table summarizes NEO ownership of our common shares as of December 31, 2025.
| VALUE OF SHARES OWNED DIRECTLY ($) · VALUE OF RESTRICTED STOCK UNITS ($) · TOTAL SHARE VALUE ($) (1) · REQUIRED MULTIPLE OF BASE SALARY · REQUIRED VALUE ($) · APPROXIMATE OWNERSHIP RELATIVE TO BASE SALARY AS OF DECEMBER 31, 2025 | ||||||
|---|---|---|---|---|---|---|
| # OF SHARES OWNED DIRECTLY · # OF RESTRICTED STOCK UNITS · # OF TOTAL SHARES | ||||||
| Goncalves | $53,431,544 | $8,846,546 | $62,278,090 | 6x | 13,206,000 | 28.3x |
| 5,233,256 | 866,459 | 6,099,715 | ||||
| C. Goncalves | $1,757,372 | $2,506,575 | $4,263,947 | 3x | 2,550,000 | 5.0x |
| 172,123 | 245,502 | 417,625 | ||||
| Smith | $6,290,156 | $2,692,346 | $8,982,503 | 3x | 2,679,000 | 10.1x |
| 616,078 | 263,697 | 879,775 | ||||
| Koci | $3,323,774 | $2,225,106 | $5,548,880 | 3x | 2,214,000 | 7.5x |
| 325,541 | 217,934 | 543,475 | ||||
| Graham | $3,104,838 | $1,921,022 | $5,025,860 | 3x | 2,160,000 | 7.0x |
| 304,098 | 188,151 | 492,249 | ||||
| (1)Value is calculated based on the one-year average closing price per share of our shares as of December 31, 2025, which was $10.21. | ||||||
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.