Form 4: PBF Energy Inc. Executive James E. Fedena Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Senior Vice President James E. Fedena reports acquisition of shares through performance share unit payout and disposition of shares to cover tax obligations.
Summary
- On February 18, 2025, James E. Fedena, a Senior Vice President at PBF Energy Inc., reported changes in beneficial ownership of Class A Common Stock.
- He acquired 8,634 shares related to the final payout of performance share units granted on November 18, 2021, for the performance cycle from January 1, 2022, to December 31, 2024.
- He also disposed of 2,374 shares at a price of $23.93 to cover tax obligations.
- Following these transactions, Fedena directly owns 135,431 shares of PBF Energy Inc. Class A Common Stock.
Sentiment
Score: 6
Explanation: The sentiment is neutral as the filing reflects routine transactions related to compensation and tax obligations. There is no indication of significant positive or negative news.
Positives
- The acquisition of shares through performance share units indicates that the company met certain performance goals during the specified period.
Negatives
- The disposal of shares to cover tax obligations reduces Fedena's overall holdings in the company.
Industry Context
This filing is a routine disclosure related to insider transactions and is required by the SEC to ensure transparency and prevent insider trading. It provides investors with information about the trading activities of company executives.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they are related to executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| November 18, 2021 | Date of grant for the performance share unit awards. |
| January 1, 2022 | Start date of the performance cycle related to the performance share units. |
| December 31, 2024 | End date of the performance cycle related to the performance share units. |
| February 18, 2025 | Date of the reported transactions (acquisition and disposition of shares). |
| February 19, 2025 | Date of signature for the Form 4 filing. |
Keywords
beneficial ownership, Form 4, PBF Energy, James E. Fedena, performance share units, Class A Common Stock, insider trading
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