PBF Energy SVP exercises options, sells shares
PBF Energy Inc. Senior Vice President James E. Fedena reported a series of option exercises and share sales in Class A Common Stock.
Rhea-AI Filing Summary
PBF Energy Inc. Senior Vice President James E. Fedena reported a series of option exercises and share sales in Class A Common Stock. On March 30–31, he exercised employee stock options covering 77,085 shares at strike prices ranging from $6.72 to $35.30 per share.
Over the same period, he sold 96,026 shares in open-market transactions at prices around $49–$52 per share, including a separate sale of 18,941 shares on March 30. After these transactions, he holds 139,016 shares directly, plus 11,301.255 shares indirectly through PBF Energy’s 401(k) Plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and sale activity reported; no spread calculated
Exercise and Sale
20 txns
Insider
Fedena James E.
Role
Senior Vice President
Sold
96,026 shs ($4.80M)
Approx. gross sale proceeds
$4.80M
Approx. exercise cost
$2.09M
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Employee Stock Option (right to buy) | 20,000 | $0.00 | $0.00 |
| Exercise | Employee Stock Option (right to buy) | 25,000 | $0.00 | $0.00 |
| Exercise | Employee Stock Option (right to buy) | 12,500 | $0.00 | $0.00 |
| Exercise | Employee Stock Option (right to buy) | 4,115 | $0.00 | $0.00 |
| Exercise | Employee Stock Option (right to buy) | 7,407 | $0.00 | $0.00 |
| Exercise | Employee Stock Option (right to buy) | 8,063 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 20,000 | $31.32 | $626K |
| Sale | Class A Common Stock | 20,000 | $49.7162 | $994K |
| Exercise | Class A Common Stock | 25,000 | $29.66 | $742K |
| Sale | Class A Common Stock | 25,000 | $49.5354 | $1.24M |
| Exercise | Class A Common Stock | 12,500 | $35.30 | $441K |
| Sale | Class A Common Stock | 12,500 | $49.5204 | $619K |
| Exercise | Class A Common Stock | 4,115 | $27.86 | $115K |
| Sale | Class A Common Stock | 4,115 | $49.655 | $204K |
| Exercise | Class A Common Stock | 7,407 | $6.72 | $50K |
| Sale | Class A Common Stock | 7,407 | $49.66 | $368K |
| Exercise | Class A Common Stock | 8,063 | $13.91 | $112K |
| Sale | Class A Common Stock | 8,063 | $49.5594 | $400K |
| Sale | Class A Common Stock | 18,941 | $51.66 | $978K |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Employee Stock Option (right to buy) — 0 contracts (Direct);
Class A Common Stock — 139,016 shares (Direct);
Class A Common Stock — 11,301.255 shares (Indirect, see footnote)
Footnotes (7)
- F1. Represents number of shares of Class A Common Stock acquired under PBF Energy Inc.'s 401(k) Plan per Vanguard records.
- F2. Represents options to purchase Class A Common Stock that were granted on May 3, 2016 that are fully vested.
- F3. Represents options to purchase Class A Common Stock that were granted on February 12, 2018 that are fully vested.
- F4. Represents options to purchase Class A Common Stock that were granted on February 11, 2019 that are fully vested.
- F5. Represents options to purchase Class A Common Stock that were granted on February 10, 2020 that are fully vested.
- F6. Represents options to purchase Class A Common Stock that were granted on November 9, 2020 that are fully vested.
- F7. Represents options to purchase Class A Common Stock that were granted on November 18, 2021 that are fully vested.
Key Figures
Options exercised: 77,085 shares
Shares sold: 96,026 shares
Exercise prices: $6.72–$35.30/share
+3 more
6 metrics
Options exercised
77,085 shares
Employee stock options exercised into Class A Common Stock
Shares sold
96,026 shares
Total Class A shares sold in open-market transactions
Exercise prices
$6.72–$35.30/share
Range of option strike prices on exercised grants
Sale prices example
$49.52–$51.66/share
Reported prices for several open-market sales on March 30–31
Direct holdings after
139,016 shares
Direct Class A Common Stock held following transactions
Indirect holdings after
11,301.255 shares
Indirect Class A shares via PBF Energy 401(k) Plan
Key Terms
Employee Stock Option (right to buy), open-market sale, fully vested, 401(k) Plan, +1 more
5 terms
Employee Stock Option (right to buy) financial
"security_title: Employee Stock Option (right to buy)"
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.
fully vested financial
"Represents options to purchase Class A Common Stock ... that are fully vested."
401(k) Plan financial
"acquired under PBF Energy Inc.'s 401(k) Plan per Vanguard records."
A 401(k) plan is a workplace retirement account that lets employees set aside part of their pay into a tax-advantaged savings pot, often with employers adding matching contributions — like a workplace piggy bank for future income. It matters to investors because the amount people save and how employers fund these plans influence consumer spending, corporate payroll costs and the flow of money into financial markets, which can affect stock prices and company valuations.
derivative security financial
"transaction_code_description: Exercise or conversion of derivative security"
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
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did PBF (PBF) executive James E. Fedena do in this Form 4 filing?
James E. Fedena exercised stock options and sold PBF Energy Class A shares. He exercised options for 77,085 shares, then sold 96,026 shares in open-market trades, reflecting both option-related activity and additional share dispositions.
What stock options did James E. Fedena exercise in PBF (PBF)?
He exercised fully vested employee stock options covering 77,085 shares of Class A Common Stock. The options had exercise prices ranging from $6.72 to $35.30 per share, originating from grants made between 2016 and 2021 as described in the footnotes.
Are James E. Fedena’s PBF (PBF) option grants still outstanding after this Form 4?
The filing’s derivative summary shows no remaining derivative positions for these reported grants. Footnotes indicate the options exercised were fully vested awards from prior years, and the derivative section is empty following these exercises.
What role does James E. Fedena hold at PBF (PBF) in this insider report?
James E. Fedena is identified as a Senior Vice President of PBF Energy Inc. The Form 4 attributes all listed option exercises, share sales, and holdings directly or indirectly to him in that capacity, including shares held through the company’s 401(k) Plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
