PBF Energy (NYSE: PBF) director sells 169,925 shares after exercising options
Rhea-AI Filing Summary
PBF Energy Inc. (PBF) director Thomas J. Nimbley exercised employee stock options covering 169,925 shares of Class A Common Stock at an exercise price of $13.91 per share that were granted on November 18, 2021 and fully vested. The same day, he acquired 169,925 shares through the exercise and then sold 169,925 Class A shares in a sale described as a "Sale in open market or private transaction" at $72.647 per share. Following the option exercise, the reported option grant shows 0 derivative shares remaining, and the filing does not report a new post-transaction common share balance.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and Sale: 169,925 shares ($9.98M approx. pre-tax spread)
Exercise and Sale
3 txns
Insider
Nimbley Thomas J.
Role
Director
Sold
169,925 shs ($12.34M)
Approx. gross sale proceeds
$12.34M
Approx. exercise cost
$2.36M
Approx. pre-tax spread
$9.98M
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Employee Stock Option (right to buy) F1 | 169,925 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 169,925 | $13.91 | $2.36M |
| Sale | Class A Common Stock | 169,925 | $72.647 | $12.34M |
Holdings After Transaction:
Employee Stock Option (right to buy) — 0 shares (Direct);
Class A Common Stock — 793,737 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: 169,925 shares
Option Exercise Price: $13.91 per share
Shares Sold: 169,925 shares
+3 more
6 metrics
Options Exercised
169,925 shares
Employee stock options for Class A Common Stock exercised on 2026-08-14
Option Exercise Price
$13.91 per share
Exercise price of Employee Stock Option (right to buy)
Shares Sold
169,925 shares
Class A Common Stock sale on 2026-08-14
Sale Price
$72.647 per share
Price for Class A Common Stock sale described as open market or private transaction
Net Shares Sold
169,925 shares
Net buy/sell shares across reported transactions
Option Expiration Date
2031-11-18
Original expiration date of the exercised Employee Stock Option grant
Key Terms
Employee Stock Option (right to buy), Exercise or conversion of derivative security, Class A Common Stock, derivative security
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""
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.
derivative security financial
"transaction_type: "derivative" and related descriptions"
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) director Thomas J. Nimbley report in this Form 4?
Thomas J. Nimbley reported exercising 169,925 stock options for PBF Energy Class A Common Stock at $13.91 per share and on the same day selling 169,925 shares at $72.647 per share, eliminating the reported balance of that option grant.
What options did Thomas J. Nimbley exercise in PBF (PBF) and at what price?
He exercised employee stock options for 169,925 shares of PBF Energy Class A Common Stock at an exercise price of $13.91 per share. These options were granted on November 18, 2021, were fully vested, and carried an expiration date of November 18, 2031 before exercise.
Did Thomas J. Nimbley retain any of the PBF (PBF) options after these transactions?
For this specific option grant, the reported balance after the transaction is 0 derivative shares. The Form 4’s derivative section shows total shares following the option exercise as 0.0000, indicating none of this grant remains outstanding after the exercise and related sale.
Were the PBF (PBF) transactions by Thomas J. Nimbley under a Rule 10b5-1 trading plan?
The Form 4 does not indicate use of a Rule 10b5-1 trading plan. The filing’s 10b5-1 checkbox is reported as false, and no footnote states that these transactions were executed pursuant to a pre-arranged trading plan.
What is the source of the PBF (PBF) options exercised by Thomas J. Nimbley?
The exercised options were granted on November 18, 2021 and are described as options to purchase PBF Energy Class A Common Stock that were fully vested. They originally had an expiration date of November 18, 2031 before being exercised on August 14, 2026.
AI-generated analysis. How Rhea-AI works. Not financial advice.
