Form 4: PBF Energy CFO Karen Davis Reports Stock Disposal

Karen Davis, CFO of PBF Energy Inc., reported disposing of 3,184 shares of Class A Common Stock on October 27, 2024, to cover tax obligations.

Summary

• Karen Davis, the Senior Vice President and CFO of PBF Energy Inc., filed a Form 4 with the SEC.
• The form reports a transaction on October 27, 2024, where 3,184 shares of Class A Common Stock were disposed of at a price of $32.18 per share.
• This disposal was to cover tax obligations.
• Following the transaction, Davis directly owns 67,320 shares of PBF Energy Inc. Class A Common Stock.

Sentiment

Score: 5

Explanation: The document is a routine SEC filing reporting a stock transaction by a company executive, which is neutral in sentiment.

Industry Context

Form 4 filings are standard practice for company insiders to report transactions in their company's stock, providing transparency to the market.

Comparison to Industry Standards

• Similar filings are common among executives at publicly traded companies like Marathon Petroleum (MPC) and Valero Energy (VLO), where stock-based compensation and tax obligations often lead to periodic stock sales.
• The size of the transaction is relatively small compared to the overall market capitalization of PBF Energy, suggesting it's unlikely to have a significant impact on the stock price.

Stakeholder Impact

• The transaction is unlikely to have a significant impact on shareholders, employees, customers, suppliers, or creditors.

Key Dates