Seeking efficiency in executive compensation benchmarking?

Unlock Efficiency in Executive Compensation Benchmarking with CompAnalyst Executive

CompAnalyst Executive

The charts on this page feature a breakdown of the total annual pay for the top executives at CLEVELAND-CLIFFS INC as reported in their proxy statements.

Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. CLEVELAND-CLIFFS INC income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. CLEVELAND-CLIFFS INC annual reports of executive compensation and pay are most commonly found in the Def 14a documents.

Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year.

Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings.

Name And Title Total Cash Equity Other Total Compensation
Lourenco Goncalves
Chairman, President and CEO
Total Cash $8,959,868 Equity $9,260,335 Other $236,575 Total Compensation $18,456,778
Clifford T. Smith
EVP & President, Cleveland-Cliffs Steel
Total Cash $2,525,684 Equity $2,364,331 Other $62,659 Total Compensation $4,952,674
Maurice D. Harapiak
Former EVP, HR & Chief Administration Officer
Total Cash $930,831 Equity $1,733,872 Other $4,426,247 Total Compensation $7,090,950
Keith A. Koci
EVP & President, Cleveland-Cliffs Services
Total Cash $1,786,769 Equity $2,167,293 Other $49,839 Total Compensation $4,003,901
Celso L. Goncalves Jr.
EVP, CFO
Total Cash $1,374,669 Equity $2,167,293 Other $71,197 Total Compensation $3,613,159
James D. Graham
EVP, HR, Chief Legal and Administrative Officer & Secretary
Total Cash $1,595,407 Equity $1,733,872 Other $48,614 Total Compensation $3,377,893
For its 2022 fiscal year, CLEVELAND-CLIFFS INC, listed the following CEO pay ratio data on its annual proxy statement to the SEC.
CEO Name CEO Pay Median Employee Pay CEO Pay Ratio
Lourenco Goncalves CEO Pay $18,457,352 Median Employee Pay $132,220 CEO Pay Ratio 140:1
For its 2022 fiscal year, CLEVELAND-CLIFFS INC, listed the following board members on its annual proxy statement to the SEC.
Name Total COMPENSATION
A. M. Yocum Total Cash $294,998
D. C. Taylor Total Cash $407,498
G. Stoliar Total Cash $294,998
J. L. Miller Total Cash $294,998
J. T. Baldwin Total Cash $323,498
R. P. Fisher, Jr. Total Cash $294,998
R. S. Michael, III Total Cash $310,748
S. M. Green Total Cash $294,998
W. K. Gerber Total Cash $296,498

This report is not for commercial use. Thorough reviews have been conducted to assure this data accurately reflects disclosures. However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement.

The information shown here is a reporting of information included in the company's proxy statement. The proxy statement includes footnotes and explanations of this information plus other information that is pertinent in assessing the overall value and appropriateness of the compensation information. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. You may retrieve the full proxy statement by going to the Securities and Exchange Commission (SEC) website at www.sec.gov and entering the company's name and then looking in the first column for an entry of "Form DEF 14A" (or any similar code). You may also find the annual proxy statement by going directly to the company's website.

A proxy statement (or "proxy") is a form that every publicly traded U.S. company is required to file with the U.S. Securities & Exchange Commission (SEC) within 120 days after the end of its fiscal year. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. All proxy statements are public filings made available to the general public by the SEC.

The proxy statement's main purpose is to alert shareholders to the annual meeting and provide them information about the issues that will be voted on during the annual meeting, including decisions such as electing directors, ratifying the selection of auditors, and other shareholder-related decisions, including shareholder-initiated initiatives. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives.