Form 4: PBF Energy SVP Sells Shares for Tax Obligations

PBF Energy's Senior Vice President, James E. Fedena, disposed of 2,201 shares of Class A Common Stock at $34.55 per share to cover tax withholding obligations.

Summary

• James E. Fedena, Senior Vice President of PBF Energy Inc. (PBF), reported a disposition of Class A Common Stock.
• The transaction involved 2,201 shares disposed of on December 2, 2025.
• The shares were disposed of at a price of $34.55 per share.
• This disposition was made to satisfy tax withholding obligations, indicated by transaction code 'F'.
• Following this transaction, Mr. Fedena directly beneficially owns 162,002 shares of Class A Common Stock.
• The transaction was made pursuant to a contract, instruction, or written plan intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Sentiment

Score: 5

Explanation: The filing reports a routine, non-discretionary disposition of shares by an insider to cover tax withholding obligations, often pre-scheduled under a Rule 10b5-1 plan. This type of transaction is generally considered neutral and does not reflect a change in the insider's view of the company's prospects or fundamental performance.

Future Outlook

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

Industry Context

This is a routine insider transaction (Form 4) related to tax withholding, which is common across all industries for executives receiving equity compensation. It does not provide specific insights into broader industry trends or competitive landscape.

Stakeholder Impact

• Shareholders: Minimal impact as this is a routine, non-discretionary transaction for tax purposes and does not signal a change in company fundamentals or insider confidence.

Key Dates

Recommendation

This Form 4 reports a routine, pre-planned disposition of shares by a Senior Vice President to cover tax withholding obligations, executed under a Rule 10b5-1 plan. Such transactions are common and do not typically indicate a change in the insider's investment thesis or the company's underlying fundamentals. Therefore, this filing does not provide new information that would warrant a change from a 'hold' recommendation.

Keywords

PBF Energy, PBF, Insider Transaction, Form 4, Stock Sale, Tax Withholding, James E. Fedena, Rule 10b5-1