Form 4: PBF Energy SVP Trecia Canty Reports Stock Award and Tax Withholding
SEC Form 4 Filing
Trecia Canty, SVP and General Counsel of PBF Energy, reports the acquisition of shares through a performance share unit payout and subsequent disposal for tax withholding.
Summary
- On February 18, 2025, Trecia Canty, SVP and General Counsel of PBF Energy, acquired 53,799 shares of Class A Common Stock related to a performance share unit award.
- Also on February 18, 2025, 21,240 shares were disposed of at a price of $23.93 for tax withholding purposes.
- Following these transactions, Canty directly owns 173,352 shares of PBF Energy Class A Common Stock.
Sentiment
Score: 5
Explanation: The document reflects standard executive compensation practices and stock transactions, indicating a neutral sentiment.
Industry Context
This Form 4 filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies like PBF Energy.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they relate to executive compensation and do not indicate a change in company strategy or performance.
Key Dates
| Date | Description |
|---|---|
| November 18, 2021 | Date of grant of performance share unit awards. |
| January 1, 2022 | Start date of the performance cycle related to the share unit awards. |
| December 31, 2024 | End date of the performance cycle related to the share unit awards. |
| February 18, 2025 | Date of stock acquisition and disposal for tax withholding. |
| February 19, 2025 | Date of signature for the Form 4 filing. |
Keywords
PBF Energy, Trecia Canty, Form 4, Beneficial Ownership, Stock Transaction, Performance Share Units, Tax Withholding, Class A Common Stock
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