Form 4: PBF Energy Director Spencer Abraham Reports Stock Award and Tax Withholding

Director Spencer Abraham reported the acquisition of restricted stock and a disposition of shares to cover tax obligations related to the award.

Summary

• On April 30, 2024, Spencer Abraham, a director of PBF Energy Inc., reported a transaction involving Class A Common Stock.
• Abraham acquired 3,286 shares of Class A Common Stock as restricted stock issued under the Amended and Restated 2017 Equity Incentive Plan.
• On the same day, Abraham disposed of 912 shares of Class A Common Stock at a price of $53.27 to cover tax obligations.
• Following these transactions, Abraham beneficially owns 52,964 shares of Class A Common Stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral as the filing reflects routine transactions related to executive compensation. There are no indications of significant positive or negative events.

Positives

• The acquisition of restricted stock indicates a continued alignment of the director's interests with those of the shareholders.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates standard compensation practices through equity-based awards.

Stakeholder Impact

• The stock transactions by a director provide transparency to shareholders regarding insider activity.

Key Dates