4/A: PBF Energy Inc. Executive Thomas O'Connor Reports Stock Transactions

Senior Vice President Thomas O'Connor of PBF Energy Inc. reports exercising stock options and selling shares on March 14, 2024.

Summary

• Thomas O'Connor, a Senior Vice President at PBF Energy Inc., filed an amendment to a Form 4 detailing changes in beneficial ownership.
• On March 14, 2024, O'Connor exercised options to acquire 40,000 shares of Class A Common Stock at a price of $30.89 per share.
• Following the acquisition, O'Connor sold 10,000 shares at $54.3725, 20,000 shares at $55.099, and 10,000 shares at $55.7217.
• After these transactions, O'Connor directly owns 160,338 shares of Class A Common Stock.
• O'Connor also holds options to purchase 80,000 additional shares of Class A Common Stock at an exercise price of $30.89, which were granted on October 27, 2015, and are fully vested.

Sentiment

Score: 5

Explanation: This is a neutral disclosure of stock transactions. It doesn't inherently indicate positive or negative sentiment about the company's prospects.

Industry Context

This filing is a routine disclosure of stock transactions by a company executive, which is common in publicly traded companies. It provides transparency into the executive's holdings and trading activities.

Comparison to Industry Standards

• Executive stock transactions are a common occurrence in publicly traded companies like PBF Energy.
• Similar filings are made by executives at comparable companies such as Marathon Petroleum Corporation (MPC) and Valero Energy Corporation (VLO).
• The details disclosed, such as the number of shares traded and the prices, are consistent with standard SEC reporting requirements for insider transactions.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership.
• The impact on employees, customers, suppliers, and creditors is likely negligible.

Key Dates