Form 4: PBF Energy CEO Sells Shares for Tax Obligations

PBF Energy's CEO, Matthew C. Lucey, disposed of 14,298 shares of Class A Common Stock to cover tax withholding obligations at a price of $26.64 per share.

Summary

• Matthew C. Lucey, CEO and President, and a Director of PBF Energy Inc., reported a transaction involving the company's Class A Common Stock.
• On December 16, 2025, Mr. Lucey disposed of 14,298 shares of Class A Common Stock.
• The transaction was executed at a price of $26.64 per share.
• This disposition was made to satisfy tax withholding obligations, indicated by transaction code 'F'.
• Following this transaction, Mr. Lucey directly beneficially owns 445,462 shares of Class A Common Stock.
• The transaction was made pursuant to a Rule 10b5-1(c) pre-planned contract, instruction, or written plan.

Sentiment

Score: 5

Explanation: The filing reports a routine insider transaction for tax withholding purposes, which is neutral in sentiment. It does not indicate a change in management's confidence or the company's operational performance.

Positives

• The transaction was pre-planned under a Rule 10b5-1(c) plan, indicating a structured approach to insider stock transactions.
• Matthew C. Lucey retains a substantial direct beneficial ownership of 445,462 shares of Class A Common Stock, demonstrating continued alignment with shareholder interests.

Negatives

• No inherent negatives are identified as this is a routine disposition for tax withholding purposes.

Future Outlook

This filing does not contain any forward-looking statements or guidance regarding the company's future performance or outlook.

Industry Context

This insider transaction is a routine event for executives and does not provide specific insights into broader industry trends or competitive landscape for the energy refining sector.

Stakeholder Impact

• Shareholders: Minimal impact as this is a routine, non-discretionary sale for tax purposes and the CEO retains a significant stake.
• Employees: No direct impact.

Key Dates

Recommendation

The reported transaction is a routine disposition of shares by the CEO to cover tax withholding obligations, which is a common practice and often pre-scheduled under a 10b5-1 plan. It does not reflect a change in the CEO's confidence in the company's future prospects or any material operational developments. Therefore, it provides no new information that would warrant a change in investment recommendation; a 'hold' stance is maintained based on existing fundamentals.

Keywords

PBF Energy, PBF, Matthew C. Lucey, Form 4, Insider Transaction, Stock Sale, Tax Withholding, CEO, Director, Class A Common Stock, 10b5-1 Plan