Form 4: PBF Energy CEO Boosts Stake via Restricted Stock Grant

Sentiment:

Insider Transaction Report 29 October 2025 5:01 PM

PBF Energy Inc. CEO Matthew C. Lucey increased his direct beneficial ownership of Class A Common Stock through a restricted stock grant, following a tax-related disposition.

Summary

Matthew C. Lucey, CEO & President and Director of PBF Energy Inc., reported changes in his beneficial ownership of Class A Common Stock.
On October 27, 2025, Lucey disposed of 11,593 shares of Class A Common Stock at a price of $33.44 per share. This transaction is typically for tax withholding purposes related to the vesting of equity awards.
Following this disposition, Lucey's direct beneficial ownership was 385,947 shares.
On October 28, 2025, Lucey acquired 70,372 shares of Class A Common Stock at a price of $0. This acquisition constitutes restricted stock issued under the PBF Energy Inc. 2025 Equity Incentive Plan.
After these transactions, Lucey's direct beneficial ownership increased to 456,319 shares of Class A Common Stock.
The transactions were made pursuant to a Rule 10b5-1(c) plan.

Sentiment

Score: 7

Explanation: The increase in CEO's beneficial ownership through a restricted stock grant is generally viewed positively as it aligns management's interests with shareholders. The disposition for tax purposes is a routine event.

Positives

CEO Matthew C. Lucey increased his direct beneficial ownership by 70,372 shares through a restricted stock grant, aligning his interests with shareholders.
The acquisition of shares at $0 indicates a compensation award, which is a common practice for executive incentives.

Negatives

A disposition of 11,593 shares occurred for tax withholding purposes, which is a routine event and not indicative of a negative outlook.

Future Outlook

Industry Context

Corporate Governance

Change Type	Description	Effective Date	Impact Assessment
Equity Incentive Plan	The acquisition of restricted stock was made under the PBF Energy Inc. 2025 Equity Incentive Plan, indicating the ongoing use of this plan for executive compensation.	10/28/2025	Reinforces the company's executive compensation structure and aligns management incentives with long-term shareholder value.

Stakeholder Impact

Shareholders: Increased alignment of CEO's financial interests with shareholder value due to higher direct beneficial ownership.
Employees: The 2025 Equity Incentive Plan provides a framework for executive compensation, potentially impacting employee morale and retention through similar incentive structures.

Key Dates

Date	Description
10/27/2025	Disposition of 11,593 Class A Common Stock shares for tax withholding at $33.44 per share.
10/28/2025	Acquisition of 70,372 Class A Common Stock shares as restricted stock under the 2025 Equity Incentive Plan.
10/29/2025	Date of signature for the Form 4 filing.

Recommendation

hold

This Form 4 details routine insider transactions related to executive compensation, specifically a restricted stock grant and a tax-related disposition. While the increase in CEO ownership is a positive signal of alignment, a Form 4 alone does not provide sufficient information to warrant a 'buy' or 'sell' recommendation. Investors should consider broader financial performance, market conditions, and company-specific news.

Keywords

PBF Energy, Matthew C. Lucey, Form 4, Insider Transaction, Restricted Stock, Equity Incentive Plan, CEO, Director, Stock Grant, PBF

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