PBF.NYSEPbf Energy INC

Form 4: PBF Energy CEO Matthew Lucey Reports Stock Transactions

Sentiment:

SEC Form 4 Filing

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PBF Energy CEO Matthew Lucey reports the acquisition and disposal of Class A Common Stock and the exercise of employee stock options.

Summary

  • On March 7, 2024, Matthew C. Lucey, CEO and President of PBF Energy Inc., reported transactions involving Class A Common Stock.
  • Lucey acquired 50,000 shares of Class A Common Stock at a price of $24.43.
  • He also disposed of 37,397 shares of Class A Common Stock at a price of $50.47.
  • Following these transactions, Lucey beneficially owns 293,500 shares of Class A Common Stock.
  • Lucey also exercised employee stock options to purchase 50,000 shares of Class A Common Stock at an exercise price of $24.43.
  • These options were granted on October 29, 2014, and are fully vested.

Sentiment

Score: 5

Explanation: This is a neutral report of stock transactions. The sentiment is neither positive nor negative as it simply reflects the CEO's trading activity.

Industry Context

This filing is a routine disclosure of insider transactions, which are common for executives of publicly traded companies. It provides transparency into the trading activities of company leadership.

Stakeholder Impact

  • The transactions may have a minor impact on shareholders as they reflect the CEO's perspective on the company's stock value.

Key Dates

DateDescription
10/29/2014Date employee stock options were granted.
03/07/2024Date of stock acquisition, disposal, and option exercise.
03/08/2024Date of signature on the Form 4 filing.
10/29/2024Expiration date of employee stock options.

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