Form 4: PBF Energy Inc. Executive Thomas O'Connor Reports Stock Disposal

Senior Vice President Thomas O'Connor of PBF Energy Inc. reports disposing of 3,001 shares of Class A Common Stock to cover tax obligations.

Summary

• On October 27, 2024, Thomas O'Connor, a Senior Vice President at PBF Energy Inc., disposed of 3,001 shares of Class A Common Stock.
• The transaction was executed at a price of $32.18 per share.
• This disposal was likely to cover tax obligations related to vesting of stock or option exercise.
• Following the transaction, O'Connor directly owns 157,337 shares of PBF Energy Inc.

Sentiment

Score: 5

Explanation: This is a routine disclosure of a stock disposal by an executive, likely for tax purposes. It doesn't necessarily indicate a positive or negative sentiment towards the company's prospects.

Industry Context

Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders. These filings are closely watched by investors to gauge sentiment and potential future actions of key personnel.

Stakeholder Impact

• The transaction is unlikely to have a significant impact on stakeholders, as it is a relatively small number of shares being disposed of by a single executive.

Key Dates