Paul Davis - Feb 16, 2022 Form 4 Insider Report for PBF Energy Inc. (PBF)

Role
President, Western Region
Signature
/s/ Paul Davis by Trecia Canty as Attorney-in-Fact
Stock symbol
PBF
Transactions as of
Feb 16, 2022
Transactions value $
-$364,757
Form type
4
Date filed
2/17/2022, 04:35 PM
Previous filing
Feb 16, 2022
Next filing
May 6, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PBF Class A Common Stock Award $0 +5.23K +13.45% $0.00 44.1K Feb 16, 2022 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 Unit Options, PBF Energy Company LLC Options Exercise $0 -25K -100% $0.00* 0 Feb 16, 2022 Series A Units of PBF Energy Company LLC 25K $12.55 Direct F1
transaction PBF Series A Units, PBF Energy Company LLC Options Exercise +25K 25K Feb 16, 2022 Class A Common Stock 25K Direct F2
transaction PBF Series A Units, PBF Energy Company LLC Tax liability -$365K -19.8K -79.08% $18.45 5.23K Feb 16, 2022 Class A Common Stock 19.8K Direct F2
transaction PBF Series A Units, PBF Energy Company LLC Options Exercise -5.23K -100% 0 Feb 16, 2022 Class A Common Stock 5.23K Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 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.