C. Erik Young - Apr 29, 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 29, 2022
Transactions value $
-$50,177
Form type
4
Date filed
5/3/2022, 07:26 PM
Previous filing
Apr 27, 2022
Next filing
May 20, 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 +6.85% $0.00 48.8K Apr 29, 2022 Direct
transaction PBFX Common Unit representing LP interest Tax liability -$25.1K -1.6K -3.28% $15.69 47.2K Apr 29, 2022 Direct
transaction PBFX Common Unit representing LP interest Options Exercise $0 +3.13K +6.63% $0.00 50.3K May 1, 2022 Direct
transaction PBFX Common Unit representing LP interest Tax liability -$25.1K -1.6K -3.18% $15.69 48.7K May 1, 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 Options Exercise -3.13K -50% 3.13K Apr 29, 2022 Common Unit representing LP interest 3.13K Direct F1, F2
transaction PBFX Phantom Unit Options Exercise -3.13K -100% 0 May 1, 2022 Common Unit representing LP interest 3.13K Direct F1
* 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 remaining phantom units will vest on April 29, 2023.