Abraham Spencer 4

What Happened

• Abraham Spencer, a director of PBF Energy Inc. (PBF), received a grant of 4,231 restricted shares on 2026-04-28 under the company's equity plan. The Form 4 reports those shares at $0.00 (award).
• To cover tax withholding on the award, 1,174 shares were surrendered/withheld at $41.37 per share, totaling $48,568. Net new shares retained from the grant = 4,231 − 1,174 = 3,057.
• This was an equity award (compensation), not an open-market purchase or a sale.

Key Details

• Transaction date: 2026-04-28; Form 4 filed 2026-04-30 covering these transactions.
• Award: 4,231 restricted shares (code A) reported at $0.00.
• Tax withholding: 1,174 shares (code F) withheld/disposed at $41.37 each, $48,568 total.
• Footnote: Shares constitute restricted stock issued under the PBF Energy Inc. 2025 Equity Incentive Plan (per filing).
• Shares owned after the transaction are not specified in the provided filing details.
• No indication in the filing that this Form 4 was filed late.

Context

• Tax-withholding via share surrender is common when restricted stock vests; it reduces the net shares received but is a routine administrative step, not a market signal.
• Because this was an equity award rather than an open-market purchase or sale, it primarily reflects compensation, not necessarily the insider’s view on the stock.