PBF Energy (NYSE: PBF) legal chief sells 75,000 shares
Rhea-AI Filing Summary
PBF Energy Inc. reported that officer Trecia M. Canty, SVP and General Counsel, exercised employee stock options and sold the resulting shares. On 2026-08-14, she exercised 75,000 options for Class A Common Stock at an exercise price of $28.67 per share, converting them into 75,000 shares of Class A Common Stock. On the same date, she sold 75,000 shares of Class A Common Stock at $74.10 per share. The options exercised were granted on October 30, 2017 and were fully vested.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and Sale: 75,000 shares ($3.41M approx. pre-tax spread)
Exercise and Sale
3 txns
Insider
Canty Trecia M
Role
SVP and General Counsel
Sold
75,000 shs ($5.56M)
Approx. gross sale proceeds
$5.56M
Approx. exercise cost
$2.15M
Approx. pre-tax spread
$3.41M
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Employee stock option (right to buy) F1 | 75,000 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 75,000 | $28.67 | $2.15M |
| Sale | Class A Common Stock | 75,000 | $74.10 | $5.56M |
Holdings After Transaction:
Employee stock option (right to buy) — 0 shares (Direct);
Class A Common Stock — 191,779 shares (Direct)
Footnotes (1)
- F1. Represents options to purchase Class A Common Stock that were granted on October 30, 2017 that are fully vested.
Key Figures
Options exercised: 75,000 shares
Option exercise price: $28.67 per share
Shares acquired via exercise: 75,000 shares
+4 more
7 metrics
Options exercised
75,000 shares
Employee stock options for Class A Common Stock exercised on 2026-08-14
Option exercise price
$28.67 per share
Exercise price of employee stock options granted on October 30, 2017
Shares acquired via exercise
75,000 shares
Class A Common Stock received from option exercise on 2026-08-14
Shares sold
75,000 shares
Class A Common Stock sold on 2026-08-14
Sale price
$74.10 per share
Price for sale of 75,000 Class A Common shares on 2026-08-14
Options following transaction
0 options
Total derivative shares following the reported option exercise
Net shares bought/sold
-75,000 shares
Net of acquire and sell transactions in transactionSummary
Key Terms
Employee stock option, Class A Common Stock, Exercise or conversion of derivative security
3 terms
Employee stock option financial
"security_title: "Employee stock option (right to buy)""
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
"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.
Exercise or conversion of derivative security financial
"transaction_code_description: "Exercise or conversion of derivative security""
FAQ
What did PBF (PBF Energy Inc.) insider Trecia M. Canty report on this Form 4?
Trecia M. Canty reported exercising 75,000 stock options for PBF Energy Class A Common Stock and selling 75,000 shares on 2026-08-14, reflecting an exercise-and-sell transaction rather than a net share purchase.
How many PBF (PBF Energy Inc.) options did Trecia M. Canty exercise and at what price?
She exercised 75,000 employee stock options for PBF Energy Class A Common Stock at an exercise price of $28.67 per share. These options were originally granted on October 30, 2017 and were fully vested at the time of exercise.
Were the PBF (PBF Energy Inc.) options exercised by Trecia M. Canty fully vested?
Yes. The footnote states the transaction involves options to purchase Class A Common Stock that were granted on October 30, 2017 and were fully vested when the 75,000 options were exercised on 2026-08-14.
Does this PBF (PBF Energy Inc.) Form 4 show remaining stock options for Trecia M. Canty?
The filing reports 75,000 options exercised with 0 options shown as held following that derivative transaction. The derivative position table in this filing is empty, so only this exercised grant is shown here.
AI-generated analysis. How Rhea-AI works. Not financial advice.
