SVP & General Counsel Sells $3.15M in PBF Energy Shares After Option Exercise
PBF has more than doubled off its 52-week low of $13.615.
Summary
PBF Energy's SVP and General Counsel, Trecia M. Canty, sold $3.15 million worth of shares after exercising options, reducing her direct holdings.
Key Events · Ownership and Investor Activity · PBF
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Executive Share Sale
Trecia M. Canty, SVP and General Counsel, sold 62,999 shares of PBF Energy common stock for $3,149,950.00 at a price of $50.00 per share on March 24, 2026.
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Option Exercise Preceded Sale
The sale followed the exercise of 62,999 employee stock options at an exercise price of $21.38 per share, valued at $1,346,918.62, on the same day.
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Insider Reduces Holdings
Post-transaction, the insider's direct holdings of Class A Common Stock decreased to 191,779 shares.
Analysis · PBF · Energy & Transportation
Trecia M. Canty, SVP and General Counsel, exercised options and subsequently sold a significant portion of the acquired shares, totaling $3.15 million. This transaction, occurring while the stock trades near its 52-week high, represents an insider locking in gains and contributes to the broader trend of insider distribution observed over the past 90 days. While the sale is not a direct indication of a negative outlook on the company's fundamentals, it signals a reduction in direct ownership by a key executive.
At the time of this filing, PBF was trading at $50.10 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $5.9B. The 52-week trading range was $13.62 to $51.80. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.