PBF SVP Davis exercises options, sells 50K shares

PBF Energy Inc. Senior Vice President Paul T. Davis reported a set of equity transactions involving company stock.

Rhea-AI Filing Summary

PBF Energy Inc. Senior Vice President Paul T. Davis reported a set of equity transactions involving company stock. On March 4, 2026, he exercised employee stock options for 50,000 shares of Class A Common Stock at a price of $28.67 per share. These options were originally granted on October 30, 2017 and are fully vested. On the same date, he sold 50,000 shares of Class A Common Stock in an open-market transaction at an average price of $44.795 per share. After these transactions, he directly owned 183,426 shares of PBF Energy Class A Common Stock.

Insider Trade Summary

Exercise and Sale: 50,000 shares ($806K approx. pre-tax spread)

Exercise and Sale 3 txns

Insider Davis Paul T

Role Senior Vice President

Sold 50,000 shs ($2.24M)

Approx. gross sale proceeds $2.24M

Approx. exercise cost $1.43M

Approx. pre-tax spread $806K

Type	Security	Shares	Price	Value
Exercise	Employee Stock Option (right to buy)	50,000	$0.00	$0.00
Exercise	Class A Common Stock	50,000	$28.67	$1.43M
Sale	Class A Common Stock	50,000	$44.795	$2.24M

Holdings After Transaction: Employee Stock Option (right to buy) — 50,000 contracts (Direct); Class A Common Stock — 183,426 shares (Direct)

Footnotes (1)

1. F1. Represents options to purchase Class A Common Stock that were granted on October 30, 2017 that are fully vested.

FAQ

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What insider transactions did PBF (PBF Energy Inc.) report for Paul T. Davis?

PBF Energy reported that Senior Vice President Paul T. Davis exercised options for 50,000 shares and sold 50,000 shares of Class A Common Stock on March 4, 2026, leaving him with 183,426 directly owned shares.

At what prices did Paul T. Davis exercise and sell PBF (PBF Energy Inc.) shares?

Paul T. Davis exercised 50,000 employee stock options at $28.67 per share, then sold 50,000 shares of PBF Energy Class A Common Stock at an average price of $44.795 per share, according to the Form 4 insider trading report.

How many PBF Energy (PBF) shares does Paul T. Davis own after this Form 4?

After the March 4, 2026 transactions, Paul T. Davis directly owns 183,426 shares of PBF Energy Inc. Class A Common Stock, as reported in the Form 4 filed for his insider transactions.

What type of derivative transaction did PBF (PBF Energy) report for Paul T. Davis?

PBF Energy reported that Paul T. Davis exercised an Employee Stock Option, classified as a derivative exercise or conversion, for 50,000 shares of Class A Common Stock granted on October 30, 2017 and now fully vested.

Were the PBF Energy (PBF) shares sold by Paul T. Davis an open-market sale?

Yes. The Form 4 states that Paul T. Davis sold 50,000 shares of PBF Energy Inc. Class A Common Stock in an open-market or private transaction, coded as an “S” sale, at an average price of $44.795 per share.

What does the Form 4 footnote say about Paul T. Davis’s PBF stock options?

The Form 4 footnote explains that the reported options represent rights to purchase PBF Energy Inc. Class A Common Stock granted on October 30, 2017, and that these employee stock options are fully vested at the time of the reported exercise.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

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Accepted by SEC EDGAR 03/06/2026 - 08:02 PM EST Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Davis Paul T

(Last) (First) (Middle)

ONE SYLVAN WAY

SECOND FLOOR

(Street)

PARSIPPANY NJ 07054

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
PBF Energy Inc. [ PBF ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Senior Vice President

3. Date of Earliest Transaction (Month/Day/Year)
03/04/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	03/04/2026		M		50,000	A	$28.67	233,426	D
Class A Common Stock	03/04/2026		S		50,000	D	$44.795	183,426	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Employee Stock Option (right to buy)	$28.67	03/04/2026		M			50,000	(1)	10/30/2026	Class A Common Stock	50,000	$0	50,000	D

Explanation of Responses:

1. Represents options to purchase Class A Common Stock that were granted on October 30, 2017 that are fully vested.

	/s/ T. Paul Davis by Trecia Canty as Attorney-in-Fact	03/06/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.