C. Erik Young - May 18, 2022 Form 4 Insider Report for PBF Energy Inc. (PBF)

Role
Chief Financial Officer, SVP
Signature
/s/ C. Erik Young by Trecia Canty as Attorney-in-Fact
Stock symbol
PBF
Transactions as of
May 18, 2022
Transactions value $
-$2,592,015
Form type
4
Date filed
5/20/2022, 06:10 PM
Previous filing
May 3, 2022
Next filing
Oct 28, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PBF Class A Common Stock Sale -$1.83M -60.3K -47.41% $30.30 66.9K May 18, 2022 Direct F1
transaction PBF Class A Common Stock Sale -$219K -7.19K -100% $30.50 0 May 19, 2022 See Footnote F2

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 Options Exercise $0 -25K -100% $0.00* 0 May 18, 2022 Series A Units of PBF Energy Company LLC 25K $12.55 Direct F3
transaction PBF Series A Units, PBF Energy Company LLC Options Exercise +25K +192.31% 38K May 18, 2022 Class A Common Stock 25K Direct F4
transaction PBF Series A Units, PBF Energy Company LLC Tax liability -$545K -17.8K -46.8% $30.67 20.2K May 18, 2022 Class A Common Stock 17.8K Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Weighted average price. These shares were sold in multiple transactions at prices ranging from $30.30 to $30.36 inclusive. The reporting person undertakes to provide the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote (1) to this Form 4.
F2 Represents number of shares of Class A Common Stock acquired under PBF Energy Inc.'s 401(k) Plan as of May 19, 2022, per Vanguard records.
F3 Represents options to purchase Series A Units of PBF Energy Company LLC. The options vest in three equal annual installments beginning on June 29, 2013.
F4 Pursuant to an exchange agreement the 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.