Form 4: PBF Energy SVP Thomas O'Connor Exercises and Sells Shares
SEC Form 4 Filing
Senior Vice President Thomas O'Connor of PBF Energy Inc. exercised stock options and sold shares on March 25, 2024.
Summary
- Thomas O'Connor, a Senior Vice President at PBF Energy Inc., engaged in transactions involving the company's Class A Common Stock on March 25, 2024.
- O'Connor exercised options to purchase 10,000 shares of Class A Common Stock at a price of $30.89 per share.
- Simultaneously, O'Connor sold 10,000 shares of Class A Common Stock at a price of $57.15 per share.
- Following these transactions, O'Connor directly owns 160,338 shares of PBF Energy Inc. Class A Common Stock.
- O'Connor also holds options to purchase 30,000 shares of Class A Common Stock.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it is a standard disclosure of stock transactions by an executive.
Industry Context
This filing is a routine disclosure of insider trading activity. It provides transparency to investors regarding the actions of company executives.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership.
Key Dates
| Date | Description |
|---|---|
| 10/27/2015 | Date the employee stock options were granted. |
| 03/25/2024 | Date of the stock option exercise and share sale. |
| 03/27/2024 | Date of the Form 4 filing. |
| 10/27/2025 | Expiration date of the employee stock options. |
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