C. Erik Young - Apr 25, 2022 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
Apr 25, 2022
Transactions value $
-$23,905
Form type
4
Date filed
4/27/2022, 06:18 PM
Previous filing
Feb 16, 2022
Next filing
May 3, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PBFX Common Unit representing LP interest Options Exercise $0 +3.13K +7.08% $0.00 47.2K Apr 26, 2022 Direct
transaction PBFX Common Unit representing LP interest Tax liability -$23.9K -1.6K -3.39% $14.95 45.6K Apr 26, 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 PBFX Phantom Unit Award $0 +12.5K $0.00 12.5K Apr 25, 2022 Common Unit representing LP interest 12.5K Direct F1, F2
transaction PBFX Phantom Unit Options Exercise -3.13K -25% 9.38K Apr 26, 2022 Common Unit representing LP interest 3.13K Direct F1, F3
* 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 partner 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 four equal annual installments beginning on April 25, 2023.
F3 The remaining phantom units will vest in three equal annual installments beginning on April 26, 2023.