Wendy Ho - Apr 11, 2022 Form 3/A - Amendment Insider Report for PBF Energy Inc. (PBF)

Role: Senior Vice President, HR
Signature: /s/ Wendy Ho Tai by Trecia Canty as Attorney-in-Fact
Stock symbol: PBF
Transactions as of: Apr 11, 2022
Transactions value $: $0
Form type: 3/A - Amendment
Date filed: 8/18/2022, 06:43 PM
Date Of Original Report: Apr 20, 2022
Next filing: Apr 27, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	PBF	Class A Common Stock						30.6K	Apr 11, 2022	Direct
holding	PBF	Class B Common Stock						1	Apr 11, 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
holding	PBF	Employee Stock Option (Right to Buy)							Apr 11, 2022	Class A Common Stock	12.5K	$35.30	Direct	F2
holding	PBF	Employee Stock Option (Right to Buy)							Apr 11, 2022	Class A Common Stock	16.5K	$27.86	Direct	F3
holding	PBF	Employee Stock Option (Right to Buy)							Apr 11, 2022	Class A Common Stock	22.2K	$6.72	Direct	F4
holding	PBF	Employee Stock Option (Right to Buy)							Apr 11, 2022	Class A Common Stock	12.1K	$13.91	Direct	F5
holding	PBF	Series A Units of PBF Energy Company LLC							Apr 11, 2022	Class A Common Stock	14.2K		Direct	F6

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

Explanation of Responses:

Id	Content
F1	The Class B Common Stock entitles the reporting person to one vote for each Series A Unit of PBF Energy Company LLC held by such reporting person.
F2	The options were granted on February 11, 2019 and vest in four annual installments beginning February 11, 2020.
F3	The options were granted on February 10, 2020 and vest in four annual installments beginning February 10, 2021.
F4	The options were granted on November 9, 2020 and vest in three annual installments beginning November 9, 2021.
F5	The options were granted on November 18, 2021 and vest in three annual installments beginning November 18, 2022.
F6	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. As the reporting person exchanges the Series A Units of PBF Energy Company LLC for shares of Class A Common Stock of PBF Energy Inc. pursuant to the exchange agreement, the voting power afforded to the reporting person by his share of Class B Common Stock of PBF Energy Inc. will be automatically and correspondingly reduced.