Form 4: PBF Energy SVP Michael Bukowski Reports Stock Award

Michael Bukowski, SVP, Head of Refining at PBF Energy, reports the acquisition of restricted stock under the company's equity incentive plan.

Summary

• On December 16, 2024, Michael Bukowski, SVP, Head of Refining at PBF Energy Inc., acquired 28,555 shares of Class A Common Stock.
• These shares were awarded as restricted stock under the Amended and Restated 2017 Equity Incentive Plan, as amended.
• Following the transaction, Bukowski directly owns 45,093 shares of PBF Energy Inc.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects standard executive compensation practices and aligns management interests with shareholders.

Positives

• The acquisition of restricted stock aligns the executive's interests with those of the shareholders.
• The equity incentive plan is designed to reward and retain key personnel.

Industry Context

This filing is a routine disclosure related to executive compensation and is common in the energy industry.

Comparison to Industry Standards

• Equity compensation is a standard practice among publicly traded companies, including those in the energy sector like Marathon Petroleum, Valero Energy, and Phillips 66.
• These companies also utilize equity incentive plans to align executive compensation with shareholder value.

Stakeholder Impact

• Shareholders may view the equity award as a positive sign, aligning management's interests with the company's performance.
• Employees may see the equity incentive plan as a positive aspect of the company's compensation structure.

Key Dates