John Barone - Mar 10, 2022 Form 4 Insider Report for PBF Energy Inc. (PBF)

Role
Principal Accounting Officer
Signature
/s/ John C. Barone, by Trecia Canty, as Attorney-in-Fact
Stock symbol
PBF
Transactions as of
Mar 10, 2022
Transactions value $
-$204,121
Form type
4
Date filed
3/14/2022, 06:52 PM
Previous filing
Feb 16, 2022
Next filing
Apr 27, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PBF Class A Common Stock Options Exercise +4.26K +40.9% 14.7K Mar 10, 2022 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction PBF Unit Options, PBF Energy Company LLC Options Exercise $0 -12.5K -100% $0.00* 0 Mar 10, 2022 Series A Units of PBF Energy Company LLC 12.5K $12.55 Direct F2
transaction PBF Series A Units, PBF Energy Company LLC Options Exercise +12.5K +245.1% 17.6K Mar 10, 2022 Class A Common Stock 12.5K Direct F1
transaction PBF Series A Units, PBF Energy Company LLC Tax liability -$204K -8.24K -46.84% $24.76 9.36K Mar 10, 2022 Class A Common Stock 8.24K Direct F1
transaction PBF Series A Units, PBF Energy Company LLC Options Exercise -4.26K -45.49% 5.1K Mar 10, 2022 Class A Common Stock 4.26K Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Pursuant to an exchange agreement the vested Series A Units of PBF Energy Company LLC are exchangeable at any time for shares of Class A Common Stock of PBF Energy Inc. on a one-for-one basis, subject to equitable adjustments for stock splits, stock dividends and reclassifications.
F2 Represents options to purchase Series A Units of PBF Energy Company LLC. The options vested in three equal annual installments beginning on June 29, 2013.