PBF insider trade: 50,000 exercised at $30.89, sold at $38.00

Rhea-AI Filing Summary

PBF Energy (PBF) reported insider activity by a senior vice president. On 11/10/2025, the officer exercised 50,000 employee stock options at an exercise price of $30.89 per share (code M), receiving 50,000 Class A Common shares. The same day, the officer sold 50,000 Class A Common shares at $38.00 per share (code S). Following these transactions, the officer directly beneficially owned 192,391 shares. The exercised options were fully vested and were scheduled to expire on December 3, 2025.

Insider Trade Summary

Net Seller: 50,000 shares ($1,900,000)

Net Sell 3 txns

Insider Davis Paul T

Role Senior Vice President

Sold 50,000 shs ($1.90M)

Type	Security	Shares	Price	Value
Exercise	Employee Stock Option (right to buy)	50,000	$0.00	--
Exercise	Class A Common Stock	50,000	$30.89	$1.54M
Sale	Class A Common Stock	50,000	$38.00	$1.90M

Holdings After Transaction: Employee Stock Option (right to buy) — 0 shares (Direct); Class A Common Stock — 242,391 shares (Direct)

Footnotes (1)

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

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 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		50,000(1)	A	$30.89	242,391	D
Class A Common Stock	11/10/2025		S		50,000(1)	D	$38	192,391	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	11/10/2025		M			50,000	(2)	(1)	Class A Common Stock	50,000	$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/ T. Paul Davis 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.
* 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.

FAQ

What insider transaction was reported for PBF (Form 4)?

An officer exercised 50,000 stock options at $30.89 and sold 50,000 shares at $38.00 on 11/10/2025.

How many PBF shares does the officer own after the transactions?

The officer directly beneficially owned 192,391 Class A Common shares after the reported transactions.

What was the exercise price and size of the PBF option exercise?

The officer exercised 50,000 options at an exercise price of $30.89 per share.

At what price were PBF shares sold in the reported sale?

The reported sale price was $38.00 per Class A Common share for 50,000 shares.

When do the exercised options expire and when were they granted?

The options were scheduled to expire on December 3, 2025 and were originally granted on October 27, 2015.

What is the reporting person’s relationship to PBF Energy?

The reporting person is an Officer (Senior Vice President) of PBF Energy Inc.