E. James Fedena - Sep 28, 2023 Form 4 Insider Report for PBF Energy Inc. (PBF)

Role
Senior Vice President
Signature
/s/ James Fedena by Trecia Canty as Attorney-in-Fact
Stock symbol
PBF
Transactions as of
Sep 28, 2023
Transactions value $
-$2,126,956
Form type
4
Date filed
10/2/2023, 03:57 PM
Previous filing
Feb 22, 2023
Next filing
Oct 31, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PBF Class A Common Stock Options Exercise $580K +20K +24.73% $29.00 101K Sep 28, 2023 Direct
transaction PBF Class A Common Stock Sale -$1.1M -20K -19.83% $55.09 80.9K Sep 28, 2023 Direct
transaction PBF Class A Common Stock Options Exercise $302K +12.5K +15.46% $24.18 93.4K Sep 28, 2023 Direct
transaction PBF Class A Common Stock Sale -$689K -12.5K -13.39% $55.09 80.9K Sep 28, 2023 Direct
transaction PBF Class A Common Stock Options Exercise $344K +12.3K +15.27% $27.86 93.2K Sep 28, 2023 Direct
transaction PBF Class A Common Stock Sale -$680K -12.3K -13.24% $55.09 80.9K Sep 28, 2023 Direct
transaction PBF Class A Common Stock Options Exercise $99.5K +14.8K +18.32% $6.72* 95.7K Sep 28, 2023 Direct
transaction PBF Class A Common Stock Sale -$816K -14.8K -15.48% $55.09 80.9K Sep 28, 2023 Direct
transaction PBF Class A Common Stock Options Exercise $56.1K +4.03K +4.99% $13.91 84.9K Sep 28, 2023 Direct
transaction PBF Class A Common Stock Sale -$222K -4.03K -4.75% $55.09 80.9K Sep 28, 2023 Direct

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 Employee Stock Options (right to buy) Options Exercise $0 -20K -100% $0.00* 0 Sep 28, 2023 Class A Common Stock 20K $29.00 Direct F1
transaction PBF Employee Stock Options (right to buy) Options Exercise $0 -12.5K -100% $0.00* 0 Sep 28, 2023 Class A Common Stock 12.5K $24.18 Direct F2
transaction PBF Employee Stock Options (right to buy) Options Exercise $0 -12.3K -75% $0.00 4.12K Sep 28, 2023 Class A Common Stock 12.3K $27.86 Direct F3
transaction PBF Employee Stock Options (right to buy) Options Exercise $0 -14.8K -66.67% $0.00 7.41K Sep 28, 2023 Class A Common Stock 14.8K $6.72 Direct F4
transaction PBF Employee Stock Options (right to buy) Options Exercise $0 -4.03K -33.33% $0.00 8.06K Sep 28, 2023 Class A Common Stock 4.03K $13.91 Direct F5
transaction PBF Warrants to purchase Series A Units, PBF Energy Company LLC Options Exercise $0 -2.4K -100% $0.00* 0 Sep 28, 2023 Series A Units of PBF LLC 2.4K $10.00 Direct F6
transaction PBF Series A Units of PBF Energy Company LLC Options Exercise $0 +2.4K +5.26% $0.00 48K Sep 28, 2023 Class A Common Stock 2.4K Direct F7
transaction PBF Series A Units of PBF LLC Tax liability $0 -1.27K -2.64% $0.00 46.7K Sep 28, 2023 Class A Common Stock 1.27K Direct F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents options to purchase shares of Class A Common Stock granted on February 10, 2015, that are fully vested
F2 Represents options to purchase shares of Class A Common Stock granted on February 13, 2017, that are fully vested.
F3 Represents options to purchase shares of Class A Common Stock granted on February 10, 2020, that are fully vested.
F4 Represents 22,220 options to purchase shares of Class A Common Stock granted on November 9, 2020, that vest in three equal annual installments beginning on November 9, 2021.
F5 Represents 12,094 options to purchase shares of Class A Common Stock granted on November 18, 2021, that vest in three equal annual installments beginning on November 18, 2022.
F6 Compensatory warrants to purchase Series A Units of PBF Energy Company LLC were granted to the reporting person on December 17, 2010, were fully vested at the time of grant and became fully exercisable at the time of the initial public offering of PBF Energy Inc. 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. As the reporting person exchanges the Series A Units of PBF Energy Company LLC for shares of Class A Common Stock of PBF Energy Inc. pursuant to the exchange agreement, the voting power afforded to the reporting person by his share of Class B Common Stock of PBF Energy Inc. will be automatically and correspondingly reduced.
F7 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. As the reporting person exchanges the Series A Units of PBF Energy Company LLC for shares of Class A Common Stock of PBF Energy Inc. pursuant to the exchange agreement, the voting power afforded to the reporting person by his share of Class B Common Stock of PBF Energy Inc. will be automatically and correspondingly reduced.