PBF Energy CEO exercises 120,000 options; now owns 464,484 shares

PBF Energy (PBF) reported an insider transaction by its CEO & President, Matthew C. Lucey.

Rhea-AI Filing Summary

PBF Energy (PBF) reported an insider transaction by its CEO & President, Matthew C. Lucey. On 11/05/2025, he exercised 120,000 employee stock options (code M) at an exercise price of $30.89 per share, acquiring Class A common stock. On the same date, 111,835 shares were disposed (code F) at $35.89. Following these transactions, he directly beneficially owned 464,484 shares.

The exercised options were granted on October 27, 2015 and were fully vested, with an original expiration of December 3, 2025 extended due to a blackout period per the grant agreement.

Insider Trade Summary

120,000 shares exercised/converted

Exercise 3 txns

Insider Lucey Matthew C.

Role CEO & President

Type	Security	Shares	Price	Value
Exercise	Employee Stock Option (right to buy)	120,000	$0.00	$0.00
Exercise	Class A Common Stock	120,000	$30.89	$3.71M
Exercise Price or Tax Liability	Class A Common Stock	111,835	$35.89	$4.01M

Holdings After Transaction: Employee Stock Option (right to buy) — 0 contracts (Direct); Class A Common Stock — 464,484 shares (Direct)

Footnotes (2)

1. F1. Class A common stock acquired upon the exercise of stock options scheduled to expire on December 3, 2025 (original expiration date extended due to blackout period in accordance with grant agreement).
2. F2. Represents options to purchase Class A Common Stock that were granted on October 27, 2015 that are fully vested.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did PBF (PBF) disclose in this Form 4?

The CEO & President, Matthew C. Lucey, exercised 120,000 stock options (code M) and disposed of 111,835 shares (code F) on 11/05/2025.

How many PBF shares does the reporting person own after the transactions?

Direct beneficial ownership is 464,484 Class A common shares after the reported transactions.

What were the transaction prices reported?

Options were exercised at an exercise price of $30.89 per share; the disposal transaction was reported at $35.89 per share.

What do the Form 4 transaction codes mean here?

M indicates an option exercise; F indicates a share disposal to satisfy obligations as reported.

Were the options vested and when were they granted?

Yes. The options were granted on October 27, 2015 and were fully vested.

Was there any note about the option expiration date?

Yes. The options were scheduled to expire on December 3, 2025, extended due to a blackout period in accordance with the grant agreement.

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

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Accepted by SEC EDGAR 11/07/2025 - 03:43 PM 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^*

Lucey Matthew C.

(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)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	CEO & President

3. Date of Earliest Transaction (Month/Day/Year)
11/05/2025

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	11/05/2025		M		120,000(1)	A	$30.89	576,319	D
Class A Common Stock	11/05/2025		F		111,835(1)	D	$35.89	464,484	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)	$30.89	11/05/2025		M			120,000	(2)	(1)	Class A Common Stock	120,000	$0	0	D

Explanation of Responses:

1. Class A common stock acquired upon the exercise of stock options scheduled to expire on December 3, 2025 (original expiration date extended due to blackout period in accordance with grant agreement).

2. Represents options to purchase Class A Common Stock that were granted on October 27, 2015 that are fully vested.

	/s/ Matthew C. Lucey by Trecia Canty as Attorney-in-Fact	11/07/2025
	** 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.