Form 4: PBF Energy Director S. Eugene Edwards Reports Stock Award and Tax Withholding
SEC Form 4 Filing
Director S. Eugene Edwards reports acquisition of restricted stock and disposition of shares for tax withholding related to the award.
Summary
- On April 30, 2024, S. Eugene Edwards, a director of PBF Energy Inc., acquired 3,286 shares of Class A Common Stock as restricted stock under the company's equity incentive plan.
- On the same day, Edwards disposed of 723 shares of Class A Common Stock at a price of $53.27 to cover tax obligations related to the restricted stock award.
- Following these transactions, Edwards directly owns 54,179 shares of PBF Energy Inc. Class A Common Stock.
Sentiment
Score: 5
Explanation: The filing is a standard disclosure of stock transactions, with neutral sentiment.
Positives
- The acquisition of restricted stock aligns the director's interests with those of the shareholders.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common among publicly traded companies.
Stakeholder Impact
- The stock transactions may have a minor impact on shareholders due to the change in the director's holdings.
Key Dates
| Date | Description |
|---|---|
| 04/30/2024 | Date of stock acquisition and disposition for tax withholding. |
| 05/02/2024 | Date of signature on the SEC Form 4 filing. |
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