John C. Barone - 10 Mar 2022 Form 4 Insider Report for PBF Energy Inc. (PBF)

Role: Principal Accounting Officer
Signature: /s/ John C. Barone, by Trecia Canty, as Attorney-in-Fact
Issuer symbol: PBF
Transactions as of: 10 Mar 2022
Net transactions value: -$204,121
Form type: 4
Filing time: 14 Mar 2022, 18:52:15 UTC
Previous filing: 16 Feb 2022
Next filing: 27 Apr 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	Options Exercise		+4,256	+41%		14,662	10 Mar 2022	Direct	F1

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	-12,500	-100%	$0.000000^*	0	10 Mar 2022	Series A Units of PBF Energy Company LLC	12,500	$12.55	Direct	F2
transaction	PBF	Series A Units, PBF Energy Company LLC	Options Exercise		+12,500	+245%		17,600	10 Mar 2022	Class A Common Stock	12,500		Direct	F1
transaction	PBF	Series A Units, PBF Energy Company LLC	Tax liability	$204,121	-8,244	-47%	$24.76	9,356	10 Mar 2022	Class A Common Stock	8,244		Direct	F1
transaction	PBF	Series A Units, PBF Energy Company LLC	Options Exercise		-4,256	-45%		5,100	10 Mar 2022	Class A Common Stock	4,256		Direct	F1

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

Explanation of Responses:

Id	Content
F1	Pursuant to an exchange agreement the vested 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.
F2	Represents options to purchase Series A Units of PBF Energy Company LLC. The options vested in three equal annual installments beginning on June 29, 2013.