[Form 4] PBF Energy Inc. Insider Trading Activity

Rhea-AI Filing Summary

PBF Energy (PBF) reported an insider transaction by its Senior Vice President. The executive exercised employee stock options at an exercise price of $6.72 and sold an equivalent number of shares in the open market. On 11/10/2025, 25,997 shares were acquired via option exercise and 25,997 shares were sold at $40.00. On 11/11/2025, options for 25,000 shares were exercised and 25,000 shares sold at $40.90, followed by another 25,000-share exercise and sale at $40.75. After these transactions, the reporting person beneficially owned 205,340 Class A shares directly.

The options exercised were part of a grant dated November 9, 2020 and were fully vested. Transaction codes used were M (option exercise) and S (sale).

Insights

Insider trading compliance analyst

Routine option exercises paired with same‑day sales; neutral.

The Senior Vice President exercised vested options at an exercise price of $6.72 and sold the resulting shares at market prices on Nov 10–11, 2025. Codes M and S indicate option exercises and open‑market sales, respectively.

The filing lists three paired transactions totaling 75,997 shares exercised and sold, leaving 205,340 shares beneficially owned directly. The options were from a Nov 9, 2020 grant that is fully vested. Actual market impact depends on trade size relative to daily volume, which is not provided here.

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

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OMB Number:			3235-0287
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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^*

O Connor Thomas L

(Last) (First) (Middle)

1 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)
11/10/2025

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	11/10/2025		M		25,997	A	$6.72	231,337	D
Class A Common Stock	11/10/2025		S		25,997	D	$40	205,340	D
Class A Common Stock	11/11/2025		M		25,000	A	$6.72	230,340	D
Class A Common Stock	11/11/2025		S		25,000	D	$40.9	205,340	D
Class A Common Stock	11/11/2025		M		25,000	A	$6.72	230,340	D
Class A Common Stock	11/11/2025		S		25,000	D	$40.75	205,340	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)	$6.72	11/10/2025		M			25,997	(1)	11/09/2030	Class A Common Stock	25,997	$0	50,000	D
Employee Stock Option (right to buy)	$6.72	11/11/2025		M			25,000	(1)	11/09/2030	Class A Common Stock	25,000	$0	25,000	D
Employee Stock Option (right to buy)	$6.72	11/11/2025		M			25,000	(1)	11/09/2030	Class A Common Stock	25,000	$0	0	D

Explanation of Responses:

1. Represents options to purchase Class A Common Stock that were granted on November 9, 2020 that are fully vested.

	/s/ Thomas L O'Connor by Trecia Canty as Attorney-in-Fact	11/12/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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