Cleveland-Cliffs: Pay

Cleveland-Cliffs paid its 2 named executives $24.6M in total in FY2025 (Dec). CEO Lourenco Goncalves was paid $19.0M of that.

PayNo stock prices for these years
CEO pay is from each proxy. The stock line is the value of $100 put in the stock at the start, from the price change of each fiscal year. Dividends are not in it.

Pay of each named executive

Lourenco GoncalvesChairman, President and CEO
FY2025 (Dec)
FY2024 (Dec)
FY2023 (Dec)
FY2022 (Dec)
FY2021 (Dec)
5 years
Celso L. Goncalves Jr.EVP, CFO
FY2025 (Dec)
FY2024 (Dec)
FY2023 (Dec)
FY2022 (Dec)
FY2021 (Dec)
5 years
Clifford T. SmithEVP, COO
FY2022 (Dec)Not disclosed
FY2021 (Dec)Not disclosed
2 years
Keith A. KociEVP & President, Cleveland-Cliffs Services
FY2022 (Dec)Not disclosed
FY2021 (Dec)Not disclosed
2 years
James D. GrahamEVP, Chief Legal and Administrative Officer & Secretary
FY2022 (Dec)Not disclosed
FY2021 (Dec)Not disclosed
2 years

CEO pay against the pay peers

In FY2025 (Dec), the median CEO pay of the 14 peers with pay on file was $14.9M. The CEO of Cleveland-Cliffs was paid $19.0M, 28% above the median.

  1. 1Trane Technologies
  2. 2Johnson Controls International
  3. 3Parker-Hannifin
  4. 4Cleveland-Cliffs
  5. 5DuPont de Nemours
  6. 6LyondellBasell Industries
  7. 7Illinois Tool Works
  8. 8Nucor
  9. 9PPG Industries
  10. 10Freeport-Mcmoran
  11. 11Alcoa
  12. 12Reliance
  13. 13Paccar
  14. 14Steel Dynamics
  15. 15Stanley Black & Decker
  16. 16CumminsNot disclosed
  17. 17International Paper CompanyNot disclosed
  18. 18United States Steel Corporation1Not disclosed

Pay of each named executive comes from the Summary Compensation Table of each proxy statement. Realized pay adds the value of options used and stock that vested. CEO pay of each peer comes from its own Pay versus Performance table.