Director Sells $8 Million in Shares After Option Exercise Near 52-Week High

summarizeSummary

Director Thomas J. Nimbley sold 200,000 shares of PBF Energy common stock for over $8 million after exercising options, reducing his direct holdings.

check_boxKey Events

• Director Sells Shares

  Director Thomas J. Nimbley sold 200,000 shares of Class A Common Stock for a total of $8,014,680.00 at a price of $40.07 per share.

• Option Exercise Precedes Sale

  The sale followed the exercise of 200,000 employee stock options at an exercise price of $21.38 per share, valued at $4,276,000.00.

• Significant Reduction in Holdings

  Post-transaction, the director's direct holdings decreased to 790,716 shares.

• Sale Near 52-Week High

  The transaction occurred while PBF Energy's stock is trading near its 52-week high, suggesting the director capitalized on favorable market conditions.

auto_awesomeAnalysis

Director Thomas J. Nimbley executed a significant sale of PBF Energy shares, disposing of 200,000 shares for over $8 million. This transaction occurred immediately after exercising options to acquire the same number of shares. The sale, which represents a notable portion of the company's market capitalization, comes as the stock trades near its 52-week high, potentially indicating the director is locking in gains. This Form 4 confirms the execution of the previously stated intent to sell, as indicated in a Form 144 filed yesterday.