Form 4: PBF Energy CEO Matthew Lucey Reports Acquisition of Restricted Stock
SEC Form 4 Filing
PBF Energy CEO Matthew Lucey reports the acquisition of restricted stock under the company's equity incentive plan.
Summary
- On December 16, 2024, Matthew C. Lucey, CEO and President of PBF Energy Inc., acquired 83,854 shares of Class A Common Stock.
- The acquisition was made under the Amended and Restated 2017 Equity Incentive Plan, as amended.
- Following the transaction, Lucey beneficially owns 361,036 shares of Class A Common Stock.
Sentiment
Score: 6
Explanation: The sentiment is neutral as it reports a standard transaction. The acquisition of restricted stock can be seen as a positive sign of alignment between management and shareholders, but it's a routine event.
Positives
- The acquisition of restricted stock by the CEO demonstrates alignment with the company's long-term performance.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The acquisition of restricted stock by the CEO could positively influence shareholder confidence.
Key Dates
| Date | Description |
|---|---|
| 12/16/2024 | Date of transaction: Matthew Lucey acquired restricted stock. |
| 12/18/2024 | Date of signature on the Form 4 filing. |
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