Form 4: PBF Energy Executive Sells Shares to Cover Tax Obligations

A PBF Energy executive, Trecia M. Canty, sold 4,095 shares of Class A Common Stock to cover tax obligations.

Summary

• Trecia M. Canty, a Senior Vice President and General Counsel at PBF Energy Inc., sold 4,095 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 to cover tax obligations related to vesting of shares.
• Following the transaction, Ms. Canty directly owns 112,238 shares of PBF Energy Class A Common Stock.

Sentiment

Score: 5

Explanation: This is a neutral event, a routine transaction for an executive to cover tax obligations. It doesn't indicate positive or negative sentiment about the company's performance.

Industry Context

This is a routine transaction for executives who receive stock as part of their compensation. It is common for executives to sell shares to cover tax obligations when stock vests.

Comparison to Industry Standards

• Executive stock sales are a common occurrence in publicly traded companies.
• Form 4 filings are standard practice for reporting insider transactions to the SEC.
• The sale of shares to cover tax obligations is a typical reason for such transactions.

Stakeholder Impact

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

Key Dates

Keywords

PBF Energy, insider trading, stock sale, executive, Form 4, Class A Common Stock, tax obligations