Form 4: PBF Energy Executive Chairman Thomas Nimbley Reports Share Award and Tax Withholding
SEC Form 4 Filing
Thomas Nimbley, Executive Chairman of PBF Energy, reports the acquisition of shares through a performance share unit payout and subsequent disposal for tax withholding.
Summary
- On February 18, 2025, Thomas J. Nimbley, Executive Chairman of PBF Energy Inc., reported a transaction involving Class A Common Stock.
- He acquired 144,374 shares related to the final payout of performance share unit awards granted on November 18, 2021, for the performance cycle from January 1, 2022, to December 31, 2024.
- Simultaneously, 67,580 shares were disposed of at a price of $23.93 to cover tax obligations.
- Following these transactions, Nimbley directly owns 849,413 shares of PBF Energy Inc.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing share transactions, with no inherent positive or negative sentiment. It reflects routine compensation and tax-related activities.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect standard executive compensation practices and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 2021/11/18 | Date of grant of performance share unit awards. |
| 2022/01/01 | Start date of the performance cycle related to the share unit awards. |
| 2024/12/31 | End date of the performance cycle related to the share unit awards. |
| 2025/02/18 | Date of transaction: acquisition and disposal of shares. |
| 2025/02/19 | Date of signature of the Form 4 filing. |
Keywords
PBF Energy, Thomas Nimbley, Form 4, Executive Chairman, Share Acquisition, Tax Withholding, Performance Share Units, Beneficial Ownership, Class A Common Stock
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