Form 4: PBF Energy Director Damian W. Wilmot Reports Changes in Beneficial Ownership

Director Damian W. Wilmot reports changes in beneficial ownership of PBF Energy Inc. stock, including acquisition of restricted stock and disposition of shares for tax purposes.

Summary

• On April 29, 2025, Damian W. Wilmot, a director of PBF Energy Inc., reported changes in his beneficial ownership of the company's Class A Common Stock.
• Wilmot acquired 10,163 shares of Class A Common Stock at $0, representing restricted stock granted under the Amended and Restated 2017 Equity Incentive Plan.
• He also disposed of 2,744 shares of Class A Common Stock at a price of $17.22 per share.
• Following these transactions, Wilmot beneficially owns 14,598 shares of PBF Energy Inc. Class A Common Stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral. The form simply reports transactions. The acquisition of restricted stock is a positive sign, but the sale of shares is a neutral event, likely for tax purposes.

Positives

• The acquisition of restricted stock indicates continued alignment of the director's interests with the long-term performance of the company.

Negatives

• The disposal of 2,744 shares, while likely for tax obligations related to the vesting of restricted stock, could be perceived negatively by some investors if not understood in context.

Risks

• There are no specific risks explicitly mentioned in this document.
• However, any significant disposal of shares by a company director could raise concerns about their confidence in the company's future prospects.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. Monitoring these filings can offer insights into management's perspective on the company's stock.

Stakeholder Impact

• The transactions reported in the Form 4 filing may have a minor impact on shareholders' perception of the company, depending on how they interpret the director's actions.

Key Dates

Keywords

beneficial ownership, PBF Energy, Damian Wilmot, Form 4, restricted stock, director, equity incentive plan, Class A Common Stock