Director Nimbley Exercises Options and Sells $32.6M in PBF Stock
PBF has more than doubled off its 52-week low of $21.46.
Summary
PBF Energy director Thomas J. Nimbley exercised options for 468,139 shares and sold them all on the open market, pocketing $32.6 million. The sale comes just days after the company reported blowout Q2 earnings and amid a series of refinery incidents.
Key Events · Ownership and Investor Activity · PBF
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Director Sells $32.6M in Stock
Thomas J. Nimbley exercised options for 468,139 shares at strike prices of $28.67 and $40.65, then immediately sold all shares at prices between $68.94 and $69.71, generating $32.6 million in proceeds.
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Transaction Size Notable
The sale represents 0.645% of PBF's market cap, a significant disposal for a director, reducing his direct holdings from 1,404,417 to 793,737 shares.
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Timing Follows Strong Q2
The sale occurred on August 3, 2026, just days after PBF reported Q2 net income of $915 million and a dramatic earnings beat, with the stock trading near multi-year highs.
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Operational Headwinds Persist
The sale comes against a backdrop of recent refinery incidents at Chalmette, Torrance, and Delaware City, though the company has restored full operations and guided strong Q3 throughput.
Analysis · PBF · Energy & Transportation
Director Thomas J. Nimbley exercised deeply in-the-money options and immediately sold all 468,139 shares for $32.6 million. While option exercises are routine, the simultaneous liquidation of the entire acquired position by a director is a notable signal, especially given the company's recent operational challenges and strong Q2 results. The sale represents 0.645% of market cap, a significant transaction for a director.
How filings like this one have moved
In the 30 days to Sep 15, 2026, 29.9% of the 1678 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.25%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, PBF was trading at $66.94 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $7.8B. The 52-week trading range was $21.46 to $74.74. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.