On April 22, 2022, Cleveland-Cliffs Inc. announced that Maurice D. Harapiak is departing from the company and his roles as Executive Vice President, Human Resources & Chief Administration Officer and an employee, effective as of April 22, 2022. In connection with Mr. Harapiak's termination of employment with the company, on April 20, 2022, the compensation and organization committee of the company's Board of Directors acted to provide Mr. Harapiak, contingent upon his execution and non-revocation of a release of claims in favor of the Company and its affiliates, with (1) accelerated vesting of his outstanding restricted stock units that were granted to him in 2020, plus (2) continued vesting of his outstanding performance shares and performance cash awards that were granted to him in 2020 (to be earned pursuant to their terms on a non-pro-rated basis as if his employment did not terminate).