Officer Paul T. Davis Files Intent to Sell $2.24M in PBF Energy Shares
Summary
An officer at PBF Energy Inc. has filed a Form 144 to sell 50,000 shares valued at approximately $2.24 million, adding to recent insider selling activity.
Key Events
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Officer Files Intent to Sell Shares
Paul T. Davis, an Officer, has filed a Form 144 indicating an intent to sell 50,000 shares of Class A common stock.
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Significant Proposed Sale Value
The proposed sale has an approximate market value of $2,239,750.00.
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Follows Recent Insider Selling
This filing follows a Form 144 from Director Thomas J. Nimbley on March 3, 2026, for 200,000 shares, suggesting a pattern of insider distribution.
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Stock Trading Near 52-Week High
The intent to sell comes as PBF Energy's stock is trading near its 52-week high, potentially indicating insiders are locking in gains.
Analysis
This Form 144 indicates an officer's intent to sell a significant block of shares, following a similar filing from a director yesterday. The proposed sale of over $2.2 million in stock, while not a large percentage of the company's market cap, represents a notable insider distribution. This activity, occurring as the stock trades near its 52-week high, could signal that insiders are taking profits.
At the time of this filing, PBF was trading at $44.70 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $5.2B. The 52-week trading range was $13.62 to $45.13. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.