PBF Energy (NYSE: PBF) SVP sells 50,000 shares after option exercise

Rhea-AI Filing Summary

PBF Energy Senior Vice President Paul T. Davis exercised stock options and sold shares in a routine liquidity transaction. He exercised options to acquire 50,000 shares of Class A Common Stock at an exercise price of $28.67 per share, then sold 50,000 shares at an average price of $51.4836 per share on the same date. After these transactions, he continues to hold 183,426 shares of Class A Common Stock directly.

Insider Trade Summary

Net Seller: 50,000 shares ($2,574,180)

Net Sell 3 txns

Insider Davis Paul T

Role Senior Vice President

Sold 50,000 shs ($2.57M)

Type	Security	Shares	Price	Value
Exercise	Employee Stock Option (right to buy)	50,000	$0.00	--
Exercise	Class A Common Stock	50,000	$28.67	$1.43M
Sale	Class A Common Stock	50,000	$51.4836	$2.57M

Holdings After Transaction: Employee Stock Option (right to buy) — 0 shares (Direct); Class A Common Stock — 233,426 shares (Direct)

Footnotes (1)

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Key Figures

Options exercised: 50,000 shares Exercise price: $28.67 per share Shares sold: 50,000 shares +2 more

5 metrics

Options exercised 50,000 shares Employee Stock Option exercised on March 27, 2026

Exercise price $28.67 per share Exercise price of options granted October 30, 2017

Shares sold 50,000 shares Open-market or private sale on March 27, 2026

Sale price $51.4836 per share Average price for 50,000 Class A shares sold

Shares held after 183,426 shares Direct Class A Common Stock holdings after transactions

Key Terms

Employee Stock Option (right to buy), Exercise or conversion of derivative security, open-market sale, Class A Common Stock

4 terms

Employee Stock Option (right to buy) financial

"security_title: "Employee Stock Option (right to buy)""

Exercise or conversion of derivative security financial

"transaction_code_description: "Exercise or conversion of derivative security""

open-market sale financial

"transaction_action: "open-market sale""

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

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.

Form 4 Insider Transactions: What Each Field Means →

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 NEW JERSEY 07054

(City) (State) (Zip)

UNITED STATES

(Country)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/27/2026

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

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

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

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	03/27/2026		M		50,000	A	$28.67	233,426	D
Class A Common Stock	03/27/2026		S		50,000	D	$51.4836	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	03/27/2026		M			50,000	(1)	10/30/2027	Class A Common Stock	50,000	$0	0	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	03/30/2026
	** 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.
* Form 4: SEC 1474 (03-26)

FAQ

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

PBF reported that Senior Vice President Paul T. Davis exercised options for 50,000 shares and sold 50,000 shares of Class A Common Stock. These transactions occurred on the same date and appear as an exercise-and-sell event in his Form 4 filing.

How many PBF (PBF Energy Inc.) shares did Paul T. Davis sell and at what price?

Paul T. Davis sold 50,000 shares of PBF Energy Class A Common Stock at an average price of $51.4836 per share. This sale followed his exercise of 50,000 stock options and is reported as an open-market or private transaction.

At what price were Paul T. Davis’s PBF stock options exercised?

His PBF Energy employee stock options were exercised at an exercise price of $28.67 per share for 50,000 underlying shares. These options were originally granted on October 30, 2017 and were fully vested at the time of exercise, according to the filing footnote.

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

After the reported transactions, Paul T. Davis directly holds 183,426 shares of PBF Energy Class A Common Stock. This figure reflects his position following the 50,000-share option exercise and the subsequent 50,000-share sale on the reported transaction date.

What type of securities did Paul T. Davis exercise in the PBF filing?

He exercised an Employee Stock Option (right to buy) covering 50,000 shares of PBF Energy Class A Common Stock. The options were fully vested, carried an exercise price of $28.67 per share, and were originally granted on October 30, 2017, per the footnote.