PBF Energy (PBF) director exercises 260,063 options and sells matching shares
Rhea-AI Filing Summary
PBF Energy Inc. director Thomas J. Nimbley reported an option exercise and same-day share sale. On August 11, 2026, he exercised 260,063 employee stock options with an exercise price of $32.71 per share, receiving an equal number of Class A Common Stock shares. He then sold 260,063 Class A shares in a sale transaction at a reported price of $67.8423 per share. The options exercised were granted on October 29, 2019 and were fully vested, and this grant now shows 0 options remaining after the exercise.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and Sale: 260,063 shares ($9.14M approx. pre-tax spread)
Exercise and Sale
3 txns
Insider
Nimbley Thomas J.
Role
Director
Sold
260,063 shs ($17.64M)
Approx. gross sale proceeds
$17.64M
Approx. exercise cost
$8.51M
Approx. pre-tax spread
$9.14M
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Employee Stock Option (right to buy) F1 | 260,063 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 260,063 | $32.71 | $8.51M |
| Sale | Class A Common Stock | 260,063 | $67.8423 | $17.64M |
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 that were granted October 29, 2019 that are fully vested.
Key Figures
Options exercised: 260,063 shares
Option exercise price: $32.71 per share
Shares sold: 260,063 shares
+3 more
6 metrics
Options exercised
260,063 shares
Employee stock options exercised on August 11, 2026
Option exercise price
$32.71 per share
Exercise price of Employee Stock Option grant dated October 29, 2019
Shares sold
260,063 shares
Class A Common Stock sold on August 11, 2026
Sale price
$67.8423 per share
Price per share for Class A Common Stock sale, code S transaction
Options remaining after exercise
0 options
Total shares following transaction for the exercised option grant
Option expiration date
October 29, 2029
Expiration date of the employee stock option grant exercised
Key Terms
Employee Stock Option, Class A Common Stock, derivative security
3 terms
Employee Stock Option financial
"Represents options to purchase Class A Common Stock that were granted October 29, 2019"
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.
Class A Common Stock financial
"Represents options to purchase Class A Common Stock that were granted October 29, 2019"
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
"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
What insider transaction did PBF (PBF) director Thomas J. Nimbley report?
Thomas J. Nimbley reported exercising 260,063 stock options and selling 260,063 Class A shares of PBF Energy Inc. on August 11, 2026. The options had a $32.71 exercise price and the sale price was $67.8423 per share.
How many PBF (PBF) options did Thomas J. Nimbley exercise and at what price?
He exercised 260,063 employee stock options with an exercise price of $32.71 per share. These options, granted on October 29, 2019, were fully vested and expired on October 29, 2029 before being fully exercised.
At what price did Thomas J. Nimbley sell PBF (PBF) Class A Common Stock?
He sold 260,063 Class A Common Stock shares at a reported price of $67.8423 per share. The sale was recorded as a code "S" transaction, indicating a sale in an open market or private transaction on August 11, 2026.
Were the PBF (PBF) options exercised by Thomas J. Nimbley fully vested?
Yes, the 260,063 options exercised represented options to purchase Class A Common Stock that were granted on October 29, 2019 and were described as fully vested at the time of exercise.
Did the exercised PBF (PBF) option grant leave any remaining options for Thomas J. Nimbley?
No, after exercising 260,063 options, the filing shows 0 options remaining for that specific employee stock option grant, indicating the grant was fully exercised on August 11, 2026.
Was Thomas J. Nimbley’s PBF (PBF) trade under a Rule 10b5-1 plan?
The filing’s Rule 10b5-1 checkbox is not marked as an affirmative plan transaction. There is no footnote stating the trades were executed pursuant to a pre-arranged Rule 10b5-1 trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
