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PBF Insider to Sell 30,000 Class A Shares — Form 144 Filed

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
144

Rhea-AI Filing Summary

PBF Energy Inc. (PBF) submitted a Form 144 reporting a proposed sale of 30,000 Class A shares through Fidelity Brokerage Services on the NYSE, with an aggregate market value of $1,020,000 and approximately 115,698,631 shares outstanding. The filing indicates the shares were acquired by an option granted on 10/27/2015 and will be sold on or about 09/25/2025 for cash. The filer represents no undisclosed material adverse information and reports no other sales in the past three months.

Positive

  • Transparent disclosure of the intended sale including broker, date, acquisition history, and consideration (cash)
  • Clear origin of shares from an option granted on 10/27/2015, showing administrative compliance with Rule 144

Negative

  • None.

Insights

TL;DR: Insider plans to sell 30,000 shares (~0.026% of outstanding), a small, likely non-material disposition.

The filing shows an insider exercising a long-standing option and proposing a market sale through a brokerage account for cash. The size—30,000 shares versus 115.7 million outstanding—represents roughly 0.026% of the float, so the market impact should be negligible. No recent sales were reported in the past three months, and the filer affirms lack of undisclosed material information. This is routine insider liquidity rather than a signal of company distress.

TL;DR: Proper Form 144 disclosure for an option-derived sale; procedural compliance is evident.

The document details the origin of the shares (option granted in 2015) and the intended sale mechanics (broker and approximate date), fulfilling Rule 144 notice requirements. The explicit representation about material information and absence of other recent sales align with good disclosure practice. Because the sale size is immaterial relative to outstanding shares, governance implications are limited.

144: Filer Information

144: Issuer Information

144: Securities Information



Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold


* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.



Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

144: Remarks and Signature

FAQ

What does the PBF Form 144 report?

The filing reports a proposed sale of 30,000 Class A shares by an insider through Fidelity on the NYSE, with an aggregate value of $1,020,000 and an approximate sale date of 09/25/2025.

How were the shares acquired in the PBF filing?

The shares were obtained via an option granted on 10/27/2015 and the filing indicates payment will be made in cash upon sale.

Is this sale material relative to PBF's outstanding shares?

No; 30,000 shares represent about 0.026% of the reported 115,698,631 shares outstanding, so it is immaterial in size.

Did the filer report other sales in the past three months?

The filing states "Nothing to Report" for securities sold during the past three months by the reporting person.

What statement does the filer make about undisclosed information?

By signing, the person represents they do not know any material adverse information about the issuer that has not been publicly disclosed.
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Oil & Gas Refining & Marketing
Petroleum Refining
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United States
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