Form 4: PBF Energy CEO Matthew Lucey Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
PBF Energy CEO Matthew Lucey sold 4,725 shares of Class A Common Stock to cover tax obligations.
Summary
- PBF Energy CEO and President, Matthew Lucey, sold 4,725 shares of Class A Common Stock on December 2, 2024.
- The sale was executed at a price of $32.7 per share.
- This transaction was to cover tax obligations related to stock awards.
- Following the transaction, Mr. Lucey directly owns 277,182 shares of PBF Energy Class A Common Stock.
Sentiment
Score: 5
Explanation: The document reflects a routine transaction for tax purposes, with no indication of positive or negative sentiment.
Industry Context
This is a routine transaction for executives who receive stock-based compensation. It is common for executives to sell shares to cover tax liabilities.
Comparison to Industry Standards
- Executive stock sales to cover tax obligations are a common practice across publicly traded companies.
- The sale by Matthew Lucey is consistent with standard practices for executives managing their equity compensation.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on shareholders as it is a routine sale for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 12/02/2024 | Date of the stock sale transaction. |
| 12/03/2024 | Date the Form 4 was signed. |
Keywords
PBF Energy, Matthew Lucey, stock sale, insider trading, Form 4, CEO, Class A Common Stock, tax obligations
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.