Form 4 for PBF PBF Energy Inc.
Accepted 2023-10-02 00:00:00 ET · period of report 2023-09-28 · accession 0001209191-23-051008 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2023-10-02 | 2023-09-28 | PBF | Fedena James E. | SVP | S - Sale+OE | $55.09 | -63.7K | 80.9K | -44% | -$3.51M |
| DM | 2023-10-02 | 2023-09-28 | PBF | Fedena James E. | SVP | M - OptEx | $21.70 | +63.7K | 100.9K | +171% | +$1.38M |
| DM | 2023-10-02 | 2023-09-28 | PBF | Fedena James E. | SVP | M - OptEx | $0.00 | -63.7K | 48.0K | -57% | $0 |
| D | 2023-10-02 | 2023-09-28 | PBF | Fedena James E. | SVP | F - Tax | $0.00 | -1,268 | 46.7K | -3% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Class A Common Stock | 2023-09-28 | S | D | 14,813 | $55.09 | 80,859 | D | — | — | |
| 2 | Common | Class A Common Stock | 2023-09-28 | S | D | 12,344 | $55.09 | 80,859 | D | — | — | |
| 3 | Common | Class A Common Stock | 2023-09-28 | M | A | 12,344 | $27.86 | 93,203 | D | — | — | |
| 4 | Common | Class A Common Stock | 2023-09-28 | S | D | 12,500 | $55.09 | 80,859 | D | — | — | |
| 5 | Common | Class A Common Stock | 2023-09-28 | M | A | 12,500 | $24.18 | 93,359 | D | — | — | |
| 6 | Common | Class A Common Stock | 2023-09-28 | S | D | 4,031 | $55.09 | 80,859 | D | — | — | |
| 7 | Common | Class A Common Stock | 2023-09-28 | M | A | 4,031 | $13.91 | 84,890 | D | — | — | |
| 8 | Common | Class A Common Stock | 2023-09-28 | M | A | 14,813 | $6.72 | 95,672 | D | — | — | |
| 9 | Common | Class A Common Stock | 2023-09-28 | M | A | 20,000 | $29.00 | 100,859 | D | — | — | |
| 10 | Common | Class A Common Stock | 2023-09-28 | S | D | 20,000 | $55.09 | 80,859 | D | — | — | |
| 11 | Derivative | Employee Stock Options (right to buy) | 2023-09-28 | M | D | 20,000 | $0.00 | 0 | D | $29.00 · — to 2025-02-10 | 20,000 Class A Common Stock | (F1) Represents options to purchase shares of Class A Common Stock granted on February 10, 2015, that are fully vested |
| 12 | Derivative | Employee Stock Options (right to buy) | 2023-09-28 | M | D | 12,500 | $0.00 | 0 | D | $24.18 · — to 2027-02-17 | 12,500 Class A Common Stock | (F2) Represents options to purchase shares of Class A Common Stock granted on February 13, 2017, that are fully vested. |
| 13 | Derivative | Employee Stock Options (right to buy) | 2023-09-28 | M | D | 12,344 | $0.00 | 4,115 | D | $27.86 · — to 2030-02-10 | 12,344 Class A Common Stock | (F3) Represents options to purchase shares of Class A Common Stock granted on February 10, 2020, that are fully vested. |
| 14 | Derivative | Employee Stock Options (right to buy) | 2023-09-28 | M | D | 14,813 | $0.00 | 7,407 | D | $6.72 · — to 2030-11-09 | 14,813 Class A Common Stock | (F4) Represents 22,220 options to purchase shares of Class A Common Stock granted on November 9, 2020, that vest in three equal annual installments beginning on November 9, 2021. |
| 15 | Derivative | Employee Stock Options (right to buy) | 2023-09-28 | M | D | 4,031 | $0.00 | 8,063 | D | $13.91 · — to 2031-11-18 | 4,031 Class A Common Stock | (F5) Represents 12,094 options to purchase shares of Class A Common Stock granted on November 18, 2021, that vest in three equal annual installments beginning on November 18, 2022. |
| 16 | Derivative | Warrants to purchase Series A Units, PBF Energy Company LLC | 2023-09-28 | M | D | 2,400 | $0.00 | 0 | D | $10.00 · — to 2023-12-17 | 2,400 Series A Units of PBF LLC | (F6) Compensatory warrants to purchase Series A Units of PBF Energy Company LLC were granted to the reporting person on December 17, 2010, were fully vested at the time of grant and became fully exercisable at the time of the initial public offering of PBF Energy Inc. Pursuant to an exchange agreement the Series A Units of PBF Energy Company LLC are exchangeable at any time for shares of Class A Common Stock of PBF Energy Inc. on a one-for-one basis, subject to equitable adjustments for stock splits, stock dividends and reclassifications. As the reporting person exchanges the Series A Units of PBF Energy Company LLC for shares of Class A Common Stock of PBF Energy Inc. pursuant to the exchange agreement, the voting power afforded to the reporting person by his share of Class B Common Stock of PBF Energy Inc. will be automatically and correspondingly reduced. |
| 17 | Derivative | Series A Units of PBF Energy Company LLC | 2023-09-28 | M | A | 2,400 | $0.00 | 48,000 | D | — · — to — | 2,400 Class A Common Stock | (F7) Pursuant to an exchange agreement the Series A Units of PBF Energy Company LLC are exchangeable at any time for shares of Class A Common Stock of PBF Energy Inc. on a one-for-one basis, subject to equitable adjustments for stock splits, stock dividends and reclassifications. As the reporting person exchanges the Series A Units of PBF Energy Company LLC for shares of Class A Common Stock of PBF Energy Inc. pursuant to the exchange agreement, the voting power afforded to the reporting person by his share of Class B Common Stock of PBF Energy Inc. will be automatically and correspondingly reduced. |
| 18 | Derivative | Series A Units of PBF LLC | 2023-09-28 | F | D | 1,268 | $0.00 | 46,732 | D | — · — to — | 1,268 Class A Common Stock | (F7) Pursuant to an exchange agreement the Series A Units of PBF Energy Company LLC are exchangeable at any time for shares of Class A Common Stock of PBF Energy Inc. on a one-for-one basis, subject to equitable adjustments for stock splits, stock dividends and reclassifications. As the reporting person exchanges the Series A Units of PBF Energy Company LLC for shares of Class A Common Stock of PBF Energy Inc. pursuant to the exchange agreement, the voting power afforded to the reporting person by his share of Class B Common Stock of PBF Energy Inc. will be automatically and correspondingly reduced. |