Form 4: PBF Energy CEO Matthew Lucey Reports Changes in Beneficial Ownership

PBF Energy CEO Matthew Lucey reports acquisition and disposal of Class A Common Stock on February 18, 2025, according to a Form 4 filing.

Summary

• On February 18, 2025, Matthew C. Lucey, CEO and President of PBF Energy Inc., reported changes in beneficial ownership of the company's Class A Common Stock.
• Lucey acquired 61,897 shares at $0 and disposed of 25,393 shares at $23.93.
• These transactions resulted in Lucey owning 397,540 shares of Class A Common Stock following the reported transactions.
• The 61,897 shares were granted in connection with the final payout of performance share unit awards granted on November 18, 2021, relating to the performance cycle from January 1, 2022 to December 31, 2024.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the document simply reports transactions by an insider, which is a normal part of corporate governance.

Positives

• The acquisition of 61,897 shares indicates that performance targets were met, resulting in the payout of performance share units.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates the CEO's activity in PBF Energy's stock.

Stakeholder Impact

• Shareholders are informed about the CEO's transactions in the company's stock, providing transparency.

Key Dates

Keywords

PBF Energy, Matthew Lucey, beneficial ownership, Form 4, Class A Common Stock, performance share units, SEC