4/A: PBF Energy SVP Trecia Canty Reports Changes in Beneficial Ownership

Trecia Canty, SVP and General Counsel of PBF Energy, reports acquisition and disposal of Class A Common Stock.

Summary

• Trecia Canty, SVP and General Counsel of PBF Energy Inc. [PBF], filed a Form 4/A with the SEC on February 20, 2025, reporting changes in beneficial ownership.
• The earliest transaction date reported was February 18, 2025.
• Canty acquired 53,779 shares of Class A Common Stock at $0.
• Canty disposed of 21,240 shares of Class A Common Stock at $23.93.
• Following these transactions, Canty beneficially owns 173,332 shares of Class A Common Stock.
• The shares were granted in connection with the final payout of 24,940 performance share unit awards granted on November 18, 2021, relating to the performance cycle from January 1, 2022 to December 31, 2024.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It reflects routine transactions related to executive compensation. The acquisition is positive, but the disposal is neutral.

Positives

• The acquisition of shares at $0 indicates the vesting of performance-based compensation, aligning Canty's interests with the company's performance.

Negatives

• The disposal of 21,240 shares could be interpreted negatively, although it may be for tax purposes or portfolio diversification.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates the vesting of performance-based compensation for a key executive.

Stakeholder Impact

• The filing provides transparency to shareholders regarding executive compensation and ownership.

Key Dates

Keywords

Beneficial Ownership, Form 4, PBF Energy, Trecia Canty, SEC Filing, Class A Common Stock, Performance Share Units