Form 4: PBF Energy CFO Sells Shares for Tax Obligations

PBF Energy's SVP and CFO, Joseph Daniel Marino, disposed of 653 shares of Class A Common Stock to cover tax withholding obligations at a price of $26.64 per share.

Summary

• Joseph Daniel Marino, the Senior Vice President and Chief Financial Officer of PBF Energy Inc., reported a transaction involving the company's Class A Common Stock.
• On December 16, 2025, Marino disposed of 653 shares of Class A Common Stock.
• The shares were disposed of at a price of $26.64 per share.
• This transaction was coded as 'F', indicating a disposition to the issuer to satisfy tax withholding obligations.
• Following this transaction, Marino beneficially owns 48,851 shares of Class A Common Stock directly.
• The transaction was made pursuant to a Rule 10b5-1(c) plan, indicating it was a pre-planned, non-discretionary sale.

Sentiment

Score: 5

Explanation: The sentiment is neutral as this is a routine, non-discretionary sale of shares to cover tax withholding obligations, which is a common practice for executives and does not reflect a change in management's outlook on the company's performance.

Positives

• The transaction was executed under a Rule 10b5-1(c) plan, indicating a pre-planned, non-discretionary sale, which can reduce concerns about insider trading based on material non-public information.

Negatives

• No inherent negatives as this is a routine, non-discretionary transaction for tax purposes, not a discretionary sale indicating a lack of confidence in the company's future.

Risks

• No specific risks are mentioned or implied by this routine insider transaction filing.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future performance or outlook.

Industry Context

This is a routine insider transaction, common for executives receiving equity compensation, and does not directly reflect broader industry trends or competitive positioning. Such transactions are typically for tax planning or personal liquidity rather than a statement on the company's operational performance.

Stakeholder Impact

• Shareholders: Minimal direct impact as this is a routine, non-discretionary transaction for tax purposes and does not signal a change in the company's fundamentals or management's confidence.
• Employees: No direct impact.

Key Dates

Recommendation

This Form 4 filing details a routine, non-discretionary sale of shares by a company executive to satisfy tax withholding obligations. Such transactions are common and typically pre-planned under Rule 10b5-1(c) plans. They do not provide new fundamental information about the company's operational performance, financial health, or future prospects, nor do they indicate a change in management's confidence in the stock. Therefore, based solely on this filing, a 'hold' recommendation is appropriate as there is no new information to warrant a change in investment thesis.

Keywords

PBF Energy, PBF, Form 4, Insider Transaction, Stock Sale, CFO, Joseph Daniel Marino, Tax Withholding, Equity Compensation