Form 4: PBF Energy Inc. Executive Thomas O'Connor Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Senior Vice President Thomas O'Connor reports acquisition and disposal of PBF Energy Inc. Class A Common Stock related to performance share unit awards.
Summary
- Thomas O'Connor, a Senior Vice President at PBF Energy Inc., filed a Form 4 detailing changes in his beneficial ownership of the company's Class A Common Stock.
- On February 18, 2025, Mr. O'Connor acquired 53,779 shares as part of a performance share unit award payout.
- On the same day, he disposed of 27,508 shares to cover tax obligations at a price of $23.93 per share.
- Following these transactions, Mr. O'Connor directly owns 207,984 shares of PBF Energy Inc. Class A Common Stock.
Sentiment
Score: 6
Explanation: The sentiment is neutral. It reflects a standard executive stock transaction related to compensation and tax obligations. There is no indication of unusual activity or concern.
Positives
- The acquisition of shares reflects the vesting of performance-based awards, potentially indicating positive performance during the performance cycle from January 1, 2022 to December 31, 2024.
Industry Context
Executive stock transactions are routinely monitored as indicators of management's confidence in the company's prospects and alignment with shareholder interests. This filing is a routine disclosure.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it involves the routine vesting and disposal of shares by an executive.
Key Dates
| Date | Description |
|---|---|
| November 18, 2021 | Date of grant of performance share unit awards. |
| January 1, 2022 | Start date of the performance cycle related to the awards. |
| December 31, 2024 | End date of the performance cycle related to the awards. |
| February 18, 2025 | Date of transaction: acquisition and disposal of shares. |
| February 19, 2025 | Date of signature on the Form 4 filing. |
Keywords
Form 4, Beneficial Ownership, PBF Energy Inc., Thomas O'Connor, Class A Common Stock, Performance Share Units, SEC Filing
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