PBF insider filing: Joseph Marino holds 20,042 shares, options exp. 11/18/2031
Rhea-AI Filing Summary
PBF Energy Inc. (PBF) filed an initial Form 3 disclosing that Joseph Daniel Marino, serving as SVP and Chief Financial Officer, beneficially owns 20,042 shares of Class A common stock directly. The filing also lists fully vested employee stock options covering 4,033 shares, exercisable through 11/18/2031 at an exercise price of $13.91. The reportable event date is 10/01/2025 and the form was signed on 10/09/2025.
Positive
- Direct ownership of 20,042 shares indicates personal alignment with shareholder value
- 4,033 vested options provide additional stake and incentive tied to share price
Negative
- Holdings are relatively modest and may not materially influence governance or strategic decisions
- No information on subsequent trades; future Form 4s could change ownership profile
Insights
TL;DR: The CFO holds modest direct equity and vested options, aligning some incentives with shareholders.
The disclosure shows 20,042 direct Class A shares and vested options for 4,033 shares exercisable at $13.91 until 11/18/2031. Direct ownership plus vested options create a personal stake in share performance without revealing sales or additional grants.
Key dependencies are exercise timing and any subsequent trades or option exercises; monitor any later Form 4 submissions for purchases or sales within the next reporting window.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Employee Stock Option (right to buy) | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Footnotes (1)
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