PBF Energy (NYSE: PBF) CEO sells over 140,000 shares after option exercise
Rhea-AI Filing Summary
PBF Energy Inc. reported transactions by CEO and President Matthew C. Lucey involving stock options and common shares on 2026-08-14. He exercised options for 142,364 Class A shares at an exercise price of $6.72 per share and separately exercised options for 72,851 shares at an exercise price of $13.91 per share; these options were originally granted in 2020 and 2021 and are fully vested. Following the first exercise, he sold 142,364 Class A shares at $73.50 per share, and an additional 42,584 shares were delivered or withheld at a value of $73.31 per share for payment of exercise price or tax liability.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and sale activity reported; no spread calculated
Exercise and Sale
6 txns
Insider
Lucey Matthew C.
Role
CEO & President
Sold
142,364 shs ($10.46M)
Approx. gross sale proceeds
$10.46M
Approx. exercise cost
$1.97M
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Employee Stock Option (right to buy) F1 | 142,364 | $0.00 | $0.00 |
| Exercise | Employee Stock Option (right to buy) F2 | 72,851 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 142,364 | $6.72 | $957K |
| Sale | Class A Common Stock | 142,364 | $73.50 | $10.46M |
| Exercise | Class A Common Stock | 72,851 | $13.91 | $1.01M |
| Exercise Price or Tax Liability | Class A Common Stock | 42,584 | $73.31 | $3.12M |
Holdings After Transaction:
Employee Stock Option (right to buy) — 0 shares (Direct);
Class A Common Stock — 526,038 shares (Direct)
Footnotes (2)
- F1. Represents options to purchase Class A Common Stock that were granted on November 9, 2020 that are fully vested.
- F2. Represents options to purchase Class A Common Stock granted on November 18, 2021 that are fully vested.
Key Figures
Options exercised (first grant): 142,364 shares
Options exercised (second grant): 72,851 shares
Shares sold: 142,364 shares
+3 more
6 metrics
Options exercised (first grant)
142,364 shares
Employee Stock Options exercised on 2026-08-14 at $6.72 exercise price per share
Options exercised (second grant)
72,851 shares
Employee Stock Options exercised on 2026-08-14 at $13.91 exercise price per share
Shares sold
142,364 shares
Class A Common Stock sold on 2026-08-14 at $73.50 per share
Shares delivered/withheld for exercise price or taxes
42,584 shares
Code F transaction on 2026-08-14 at $73.31 per share
Total derivative shares exercised
215,215 shares
Sum of derivative exercises (M code) reported in transactionSummary
Net buy/sell shares
-142,364 shares
NetBuySellShares from transactionSummary indicating net-sell direction
Key Terms
Employee Stock Option, fully vested, exercise price, tax liability
4 terms
Employee Stock Option financial
"Represents options to purchase Class A Common Stock that were granted"
An employee stock option is a promise that lets a worker buy company shares later at a predetermined price, often after they stay for a certain period or meet performance goals — think of it like a coupon that locks in today's price for a future purchase. It matters to investors because options align employees’ incentives with company performance, can increase the number of shares outstanding (dilution) when exercised, and represent a compensation cost that affects reported profits and shareholder value.
fully vested financial
"options to purchase Class A Common Stock that are fully vested"
exercise price financial
"Payment of exercise price or tax liability by delivering or withholding"
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
tax liability financial
"Payment of exercise price or tax liability by delivering or withholding"
FAQ
What did PBF (PBF) CEO Matthew C. Lucey report in this Form 4?
Matthew C. Lucey reported exercising stock options for 215,215 Class A shares and selling 142,364 shares on 2026-08-14, along with additional shares delivered or withheld to cover exercise price or tax liability.
How many PBF (PBF) stock options did the CEO exercise and at what exercise prices?
He exercised options covering 142,364 shares at $6.72 per share and 72,851 shares at $13.91 per share. These options to purchase Class A Common Stock were granted in 2020 and 2021 and are fully vested.
What is the significance of the code F transaction in PBF (PBF) CEO’s Form 4?
The code F transaction reflects 42,584 shares of Class A Common Stock delivered or withheld at $73.31 per share as payment of exercise price or tax liability related to the option exercises reported on 2026-08-14.
Were the PBF (PBF) CEO’s option exercises tied to fully vested awards?
Yes. Footnotes state the exercised options represent fully vested options to purchase Class A Common Stock granted on November 9, 2020 and November 18, 2021, which were exercised on 2026-08-14.
Is the PBF (PBF) CEO’s Form 4 marked as using a Rule 10b5-1 trading plan?
No. The filing’s Rule 10b5-1 checkbox is not marked as true, indicating the transactions are not affirmatively identified as being made pursuant to a Rule 10b5-1 trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
