Form 4: PBF Energy Executive Chairman Thomas Nimbley Exercises Stock Options and Sells Shares
SEC Form 4 Filing
Thomas Nimbley, Executive Chairman of PBF Energy Inc., exercised stock options and sold shares on May 17, 2024, according to a recent SEC filing.
Summary
- On May 17, 2024, Thomas J. Nimbley, Executive Chairman of PBF Energy Inc., exercised options to purchase 50,000 shares of Class A Common Stock at a price of $24.43 per share.
- Following the exercise of these options, Mr. Nimbley sold 37,373 shares to cover taxes at a price of $50.58.
- After these transactions, Mr. Nimbley directly owns 726,004 shares of PBF Energy Inc. Class A Common Stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting insider transactions, which carries a neutral sentiment.
Industry Context
Insider transactions are routinely monitored and reported to the SEC. This filing provides transparency into the trading activities of a key executive at PBF Energy.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but the overall impact is likely minimal.
Key Dates
| Date | Description |
|---|---|
| 10/29/2014 | Date options to purchase Class A Common Stock were granted. |
| 05/17/2024 | Date of stock option exercise and share sale. |
| 05/20/2024 | Date of signature on the SEC filing. |
| 10/29/2024 | Expiration date of the employee stock options. |
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