Form 4: PBF Energy Executive Thomas O'Connor Sells Shares to Cover Tax Obligations

PBF Energy's Senior Vice President, Thomas O'Connor, disposed of 4,179 shares of Class A Common Stock to cover tax obligations.

Summary

• Thomas O'Connor, a Senior Vice President at PBF Energy Inc., sold 4,179 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 the vesting of stock awards.
• Following the transaction, O'Connor directly owns 153,158 shares of PBF Energy Class A Common Stock.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing a stock sale for tax purposes, which is neither positive nor negative for the company's outlook.

Industry Context

This is a routine Form 4 filing related to an executive's stock transactions, which is common in publicly traded companies. It does not indicate any specific trend in the industry.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, and this filing is consistent with those requirements.
• Executive stock sales for tax purposes are a common occurrence across various industries, including the energy sector.
• There are no specific comparible companies or projects mentioned in the document.

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, insider trading, Form 4, stock sale, executive, Thomas O'Connor, equity securities, tax obligations