PBF Energy (PBF) director unloads 341K shares after option exercise
Rhea-AI Filing Summary
PBF Energy Inc. (PBF) director Thomas J. Nimbley reported exercising employee stock options and selling the resulting Class A Common Stock over three days. He exercised options covering 341,008 shares at an exercise price of $6.72 per share, then sold the same total number of shares in open-market transactions at prices between $73.73 and $75.0509 per share. The options were originally granted on November 9, 2020 and were fully vested.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and Sale: 341,008 shares ($23.09M approx. pre-tax spread)
Exercise and Sale
9 txns
Insider
Nimbley Thomas J.
Role
Director
Sold
341,008 shs ($25.38M)
Approx. gross sale proceeds
$25.38M
Approx. exercise cost
$2.29M
Approx. pre-tax spread
$23.09M
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Employee Stock Option (right to buy) F1 | 116,008 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 116,008 | $6.72 | $780K |
| Sale | Class A Common Stock | 116,008 | $73.73 | $8.55M |
| Exercise | Employee Stock Option (right to buy) F1 | 125,000 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 125,000 | $6.72 | $840K |
| Sale | Class A Common Stock | 125,000 | $74.5467 | $9.32M |
| Exercise | Employee Stock Option (right to buy) F1 | 100,000 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 100,000 | $6.72 | $672K |
| Sale | Class A Common Stock | 100,000 | $75.0509 | $7.51M |
Holdings After Transaction:
Employee Stock Option (right to buy) — 116,008 shares (Direct);
Class A Common Stock — 793,737 shares (Direct)
Footnotes (1)
- F1. Represents options to purchase Class A Common Stock that were granted on November 9, 2020 that are fully vested.
Key Figures
Options exercised (shares): 341,008 shares
Option exercise price: $6.72 per share
Shares sold Aug 17, 2026: 100,000 shares at $75.0509 per share
+2 more
5 metrics
Options exercised (shares)
341,008 shares
Total employee stock options exercised into Class A Common Stock
Option exercise price
$6.72 per share
Exercise price for all reported employee stock options
Shares sold Aug 17, 2026
100,000 shares at $75.0509 per share
Open-market sale of Class A Common Stock
Shares sold Aug 18, 2026
125,000 shares at $74.5467 per share
Open-market sale of Class A Common Stock
Shares sold Aug 19, 2026
116,008 shares at $73.73 per share
Open-market sale of Class A Common Stock
Key Terms
Employee Stock Option (right to buy), Class A Common Stock, Exercise or conversion of derivative security, open market or private transaction
4 terms
Employee Stock Option (right to buy) financial
"security_title: Employee Stock Option (right to buy)"
Class A Common Stock financial
"underlying_security_title: Class A Common Stock"
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
Exercise or conversion of derivative security financial
"transaction_code_description: Exercise or conversion of derivative security"
open market or private transaction financial
"transaction_code_description: Sale in open market or private transaction"
FAQ
What insider transactions did Thomas J. Nimbley report for PBF on this Form 4?
Thomas J. Nimbley reported exercising options for 341,008 shares of PBF Class A Common Stock at an exercise price of $6.72 per share and selling the resulting 341,008 shares in open-market transactions over three days.
What options did Thomas J. Nimbley exercise in PBF (PBF)?
He exercised employee stock options covering 341,008 shares of PBF Class A Common Stock, with an exercise price of $6.72 per share, from grants that were made on November 9, 2020 and were fully vested at the time of exercise.
On which dates did Thomas J. Nimbley trade PBF (PBF) stock in this Form 4?
The reported transactions occurred on August 17, 2026, August 18, 2026, and August 19, 2026, including option exercises and corresponding open-market sales of PBF Class A Common Stock on each of those dates.
Were Thomas J. Nimbley’s PBF (PBF) trades made under a Rule 10b5-1 trading plan?
The filing indicates the Rule 10b5-1 checkbox is not affirmed, and no footnote states that the transactions were made pursuant to a Rule 10b5-1 trading plan, so plan-based trading is not reported here.
What role does Thomas J. Nimbley hold at PBF Energy Inc. (PBF)?
Thomas J. Nimbley is reported as a director of PBF Energy Inc. in this Form 4, and the disclosed option exercises and stock sales relate to his holdings in PBF Class A Common Stock and associated employee stock options.
AI-generated analysis. How Rhea-AI works. Not financial advice.
