Form 4: PBF Energy Inc. Executive James E. Fedena Reports Stock Disposal
SEC Form 4 Filing
Senior Vice President James E. Fedena of PBF Energy Inc. reports disposing of 2,443 shares of Class A Common Stock to cover tax obligations.
Summary
- On October 27, 2024, James E. Fedena, a Senior Vice President at PBF Energy Inc., disposed of 2,443 shares of Class A Common Stock.
- The transaction was executed at a price of $32.18 per share.
- Following the transaction, Fedena directly owns 104,018 shares of PBF Energy Inc. Class A Common Stock.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing simply reports a stock disposal, likely for tax purposes, which is a routine transaction.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track management's sentiment and actions regarding their company's stock.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it represents a small percentage of the total outstanding shares.
Key Dates
| Date | Description |
|---|---|
| 10/27/2024 | Date of transaction: James E. Fedena disposed of shares. |
| 10/29/2024 | Date of signature on the Form 4 filing. |
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