Form 4: PBF Energy Director Thomas Nimbley Reports Restricted Stock Grant and Tax-Related Sale

PBF Energy Inc. Director Thomas J. Nimbley reported the acquisition of 7,859 shares of Class A Common Stock as restricted stock and the disposition of 3,835 shares for tax purposes, resulting in a net beneficial ownership of 853,437 shares.

Summary

• Director Thomas J. Nimbley acquired 7,859 shares of PBF Energy Inc. Class A Common Stock on July 1, 2025.
• This acquisition was a restricted stock grant under the 2025 Equity Incentive Plan, with a reported price of $0 per share.
• Concurrently, Nimbley disposed of 3,835 shares of Class A Common Stock on July 1, 2025, at a price of $22.27 per share.
• This disposition was likely for tax withholding purposes related to the stock grant.
• Following these transactions, Thomas J. Nimbley's direct beneficial ownership of Class A Common Stock is 853,437 shares.

Sentiment

Score: 5

Explanation: Neutral. The filing reports a routine restricted stock grant and a corresponding tax-related sale, which is a common occurrence for executives and directors. It does not indicate significant positive or negative sentiment regarding the company's performance or prospects.

Positives

• The acquisition of 7,859 shares indicates continued equity alignment between the director and shareholder interests.
• The grant is part of the 2025 Equity Incentive Plan, suggesting ongoing compensation and retention strategies for key personnel.

Negatives

• The disposition of 3,835 shares, even if for tax purposes, reduces the director's direct holdings.

Future Outlook

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

Industry Context

This Form 4 filing reports routine insider transactions and does not provide information related to broader industry trends or competitor analysis.

Stakeholder Impact

• Shareholders: The grant of restricted stock aligns the director's interests with shareholders, while the tax-related sale is a common practice that slightly reduces direct holdings.

Key Dates

Keywords

PBF Energy Inc., PBF, Form 4, Insider Transaction, Stock Grant, Restricted Stock, Director, Equity Incentive Plan, Beneficial Ownership