C. Erik Young - Oct 26, 2021 Form 4 Insider Report for PBF Logistics LP (PBFX)

Role: SVP, Chief Financial Officer, Director
Signature: /s/ C. Erik Young by Trecia Canty as Attorney-in-Fact
Stock symbol: PBFX
Transactions as of: Oct 26, 2021
Transactions value $: -$22,320
Form type: 4
Date filed: 10/28/2021, 03:17 PM
Next filing: Nov 2, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PBFX	Common Unit representing limited partner interest	Options Exercise	$0	+3.13K	+7.34%	$0.00	45.7K	Oct 26, 2021	Direct
transaction	PBFX	Common Unit representing limited partner interest	Tax liability	-$22.3K	-1.6K	-3.5%	$13.95	44.1K	Oct 26, 2021	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	PBFX	Phantom Unit	Options Exercise		-3.13K	-25%		9.38K	Oct 26, 2021	Common Unit representing LP interest	3.13K		Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Each phantom unit with distribution equivalent rights ("DER"), represents a contingent right to receive one common unit representing a limited partnership interest in the Issuer or, at the election of the Board of Directors of PBF Logistics GP LLC, cash or a combination of the two. DERs shall be settled in cash.
F2	The phantom units will vest in three equal annual installments beginning on October 26, 2022.