Form 4: PBF Energy SVP Awarded Restricted Stock Grant

PBF Energy's SVP, Head of Refining, Michael Bukowski, was granted 30,353 shares of restricted Class A Common Stock.

Summary

• Michael Bukowski, SVP, Head of Refining at PBF Energy Inc. (PBF), acquired 30,353 shares of Class A Common Stock.
• The transaction occurred on October 28, 2025, and was an acquisition (A) of securities.
• The shares were restricted stock issued under the PBF Energy Inc. 2025 Equity Incentive Plan.
• The acquisition price for these shares was $0, indicating a grant rather than a purchase.
• Following this transaction, Michael Bukowski beneficially owns 73,683 shares of Class A Common Stock directly.

Sentiment

Score: 6

Explanation: The filing reports a routine executive equity grant, which is generally a neutral to slightly positive event as it aligns executive interests with shareholders. It does not contain information that would significantly alter the company's fundamental outlook.

Positives

• The grant of restricted stock aligns the interests of Michael Bukowski, a key executive, with those of PBF Energy shareholders, promoting long-term value creation.
• Equity incentive plans are a standard component of executive compensation, designed to retain talent and incentivize performance.

Future Outlook

This filing does not contain forward-looking statements or guidance regarding the company's future financial performance or operational outlook.

Industry Context

Executive equity grants, such as restricted stock, are a common practice across the energy sector and broader corporate landscape. They serve as a key component of long-term incentive compensation, aiming to align management's financial interests with shareholder returns and encourage retention.

Comparison to Industry Standards

• The use of restricted stock grants as part of executive compensation is a widely adopted practice, comparable to compensation structures seen in major energy companies like ExxonMobil, Chevron, and Marathon Petroleum, which also utilize equity-based incentives to reward and retain senior leadership.
• The PBF Energy Inc. 2025 Equity Incentive Plan is consistent with industry benchmarks for establishing a framework for long-term equity awards.

Corporate Governance

Stakeholder Impact

• Shareholders: The grant of restricted stock to a senior executive is intended to align management's long-term interests with shareholder value creation.
• Employees: This transaction is specific to a senior executive and does not directly impact the broader employee base, though it reflects the company's executive compensation strategy.

Key Dates

Keywords

PBF Energy, Michael Bukowski, Form 4, Restricted Stock, Equity Incentive Plan, Insider Transaction, Executive Compensation, PBF