Form 4: PBF Energy Director Sells Shares for Tax Obligations

PBF Energy Inc. Director Karen Berriman Davis reported the disposition of 5,272 Class A Common Stock shares to cover tax withholding obligations.

Summary

• Director Karen Berriman Davis of PBF Energy Inc. reported a transaction involving Class A Common Stock.
• On December 16, 2025, 5,272 shares were disposed of at a price of $26.64 per share.
• This disposition was made to satisfy tax withholding obligations.
• Following the transaction, Ms. Davis beneficially owns 88,699 shares of Class A Common Stock.
• The transaction was made pursuant to a Rule 10b5-1 plan, indicating a pre-arranged sale.

Sentiment

Score: 5

Explanation: The transaction is a routine disposition of shares by a director to satisfy tax withholding obligations, which is a common and expected event for insiders and does not indicate a change in company fundamentals.

Positives

• Transaction executed under a Rule 10b5-1 plan, indicating a pre-arranged and compliant sale.

Negatives

• Reduction in direct beneficial ownership by a director, though for tax withholding purposes.

Future Outlook

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

Industry Context

This insider transaction is specific to an individual director's equity holdings and does not provide broader insights into industry trends or competitive landscape.

Stakeholder Impact

• Shareholders: A minor, routine reduction in direct insider ownership, which is a common occurrence for equity compensation and does not typically signal a change in company prospects.

Key Dates

Recommendation

The filing details a routine insider transaction for tax withholding purposes, which is a common occurrence and does not provide new fundamental information to warrant a change in investment recommendation. The transaction was pre-planned under a 10b5-1 plan, further indicating its routine nature.

Keywords

PBF Energy, PBF, Form 4, insider transaction, director, share disposition, tax withholding, 10b5-1 plan