Davis Paul T. - 16 Feb 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
Issuer symbol
PBF
Transactions as of
16 Feb 2022
Net transactions value
-$364,756
Form type
4
Filing time
17 Feb 2022, 16:35:26 UTC
Previous filing
16 Feb 2022
Next filing
06 May 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PBF Class A Common Stock Award $0 +5,230 +13% $0.000000 44,126 16 Feb 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 -25,000 -100% $0.000000* 0 16 Feb 2022 Series A Units of PBF Energy Company LLC 25,000 $12.55 Direct F1
transaction PBF Series A Units, PBF Energy Company LLC Options Exercise +25,000 25,000 16 Feb 2022 Class A Common Stock 25,000 Direct F2
transaction PBF Series A Units, PBF Energy Company LLC Tax liability $364,756 -19,770 -79% $18.45 5,230 16 Feb 2022 Class A Common Stock 19,770 Direct F2
transaction PBF Series A Units, PBF Energy Company LLC Options Exercise -5,230 -100% 0 16 Feb 2022 Class A Common Stock 5,230 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.