PBF Energy (PBF) CFO exercises 4,033 options, then sells 4,033 shares
Rhea-AI Filing Summary
PBF Energy Inc. SVP and Chief Financial Officer Joseph Daniel Marino exercised employee stock options for 4,033 shares of Class A Common Stock on August 11, 2026 at an exercise price of $13.91 per share, arising from fully vested options granted on November 18, 2021. He then sold 4,033 shares of Class A Common Stock on the same date at $69.15 per share. The exercised option position reported in this filing was fully depleted following the transaction.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and Sale: 4,033 shares ($223K approx. pre-tax spread)
Exercise and Sale
3 txns
Insider
Marino Joseph Daniel
Role
SVP, Chief Financial Officer
Sold
4,033 shs ($279K)
Approx. gross sale proceeds
$279K
Approx. exercise cost
$56K
Approx. pre-tax spread
$223K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Employee Stock Option (right to buy) F1 | 4,033 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 4,033 | $13.91 | $56K |
| Sale | Class A Common Stock | 4,033 | $69.15 | $279K |
Holdings After Transaction:
Employee Stock Option (right to buy) — 0 shares (Direct);
Class A Common Stock — 48,851 shares (Direct)
Footnotes (1)
- F1. Represents options to purchase Class A Common Stock granted on November 18, 2021 that are fully vested.
Key Figures
Options Exercised: 4,033 shares
Option Exercise Price: $13.91 per share
Shares Sold: 4,033 shares
+4 more
7 metrics
Options Exercised
4,033 shares
Employee stock options for Class A Common Stock exercised on August 11, 2026
Option Exercise Price
$13.91 per share
Exercise or conversion price of employee stock options granted November 18, 2021
Shares Sold
4,033 shares
Class A Common Stock sold on August 11, 2026
Sale Price
$69.15 per share
Price for sale of Class A Common Stock on August 11, 2026
Option Grant Date
November 18, 2021
Grant date of options to purchase Class A Common Stock that were fully vested
Option Expiration Date
November 18, 2031
Expiration date of the reported employee stock options
Derivative Shares Following Transaction
0 shares
Total derivative securities (options) remaining after the reported exercise
Key Terms
Employee Stock Option (right to buy), Class A Common Stock, derivative security
3 terms
Employee Stock Option (right to buy) financial
"Security title is listed as Employee Stock Option (right to buy)"
Class A Common Stock financial
"Underlying security title and sold security are 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.
derivative security financial
"Transaction code M is described as Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
FAQ
What did PBF (PBF) CFO Joseph Daniel Marino report in this Form 4?
Joseph Daniel Marino reported exercising 4,033 stock options at $13.91 per share and selling 4,033 shares of PBF Energy Class A Common Stock at $69.15 per share on August 11, 2026.
How many PBF (PBF) stock options did the CFO exercise and at what price?
The CFO exercised 4,033 employee stock options for PBF Energy Class A Common Stock at an exercise price of $13.91 per share. These options were originally granted on November 18, 2021 and were fully vested at the time of exercise.
At what price did the PBF (PBF) CFO sell his Class A Common Stock?
Joseph Daniel Marino sold 4,033 shares of PBF Energy Class A Common Stock at a price of $69.15 per share on August 11, 2026. The sale followed the same-day exercise of employee stock options for the same number of shares.
Were the PBF (PBF) CFO’s options fully vested before the August 2026 exercise?
Yes. A footnote states the reported options were granted on November 18, 2021 and were fully vested when exercised on August 11, 2026. The exercise covered all 4,033 option shares reported in this filing.
Does the PBF (PBF) Form 4 indicate these trades were under a Rule 10b5-1 plan?
The filing’s Rule 10b5-1 checkbox is not marked as affirmative, and no footnote references a trading plan. The Form 4 therefore does not state that these transactions occurred under a pre-arranged Rule 10b5-1 plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
