Form 4: PBF Energy Executive James E. Fedena Sells Shares to Cover Tax Obligations

PBF Energy's Senior Vice President, James E. Fedena, disposed of 3,402 shares of Class A Common Stock to cover tax obligations.

Summary

• James E. Fedena, a Senior Vice President at PBF Energy Inc., sold 3,402 shares of Class A Common Stock on December 2, 2024.
• The sale was executed at a price of $32.7 per share.
• This transaction was conducted to satisfy tax obligations related to the vesting of stock awards.
• Following the transaction, Mr. Fedena directly owns 100,616 shares of PBF Energy's Class A Common Stock.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction for tax purposes, which is neither positive nor negative for the company's overall outlook.

Industry Context

This is a routine transaction for executives to manage their tax liabilities related to stock-based compensation. It is common for executives to sell shares after vesting to cover taxes.

Comparison to Industry Standards

• Executive stock sales for tax purposes are a common practice across publicly traded companies.
• The sale of 3,402 shares is not unusual for an executive at Mr. Fedena's level.
• Similar transactions are regularly reported by executives at comparable energy companies.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine sale by an executive for tax purposes.

Key Dates

Keywords

PBF Energy, James E. Fedena, stock sale, insider trading, Form 4, tax obligations, Class A Common Stock