Form 4: PBF Energy SVP Sells Shares for Tax Obligations

PBF Energy's Senior Vice President of HR, Wendy Ho Tai, disposed of 4,869 shares of Class A Common Stock at $26.64 per share to cover tax withholding obligations.

Summary

• Wendy Ho Tai, Senior Vice President of HR at PBF Energy Inc., reported a transaction involving the company's Class A Common Stock.
• On December 16, 2025, 4,869 shares of Class A Common Stock were disposed of.
• The disposition was made to the issuer to satisfy tax withholding obligations, with a transaction price of $26.64 per share.
• Following this transaction, Wendy Ho Tai beneficially owns 129,209 shares of Class A Common Stock.
• The transaction was executed pursuant to a Rule 10b5-1(c) plan, indicating it was pre-arranged.

Sentiment

Score: 5

Explanation: Neutral. The transaction is a routine disposition for tax purposes, often pre-scheduled under a 10b5-1 plan, and does not reflect a discretionary sale or a change in the insider's view of the company's prospects.

Industry Context

This is a routine insider transaction related to executive compensation and tax obligations, common across all industries for publicly traded companies when equity awards vest.

Related Party Transactions

• Wendy Ho Tai, a Senior Vice President of PBF Energy Inc., disposed of shares to the issuer to cover tax withholding obligations related to her equity compensation.

Stakeholder Impact

• Shareholders: The transaction represents a minor reduction in insider ownership due to tax obligations, which is a common occurrence and generally not indicative of a change in company fundamentals.
• Employees: No direct impact on general employees.

Key Dates

Recommendation

This Form 4 reports a routine, non-discretionary sale of shares by an insider to cover tax withholding obligations, executed under a pre-arranged 10b5-1 plan. Such transactions do not typically signal a change in the company's fundamental outlook or the insider's confidence, thus warranting no change to an existing 'hold' recommendation based solely on this filing.

Keywords

PBF Energy, PBF, Insider Transaction, Form 4, Stock Sale, Executive Compensation, Wendy Ho Tai, Tax Withholding