Davis Karen Berriman 4

What Happened Karen Berriman, a director of PBF Energy Inc. (PBF), was granted 4,231 restricted shares on April 28, 2026 (award reported as $0.00 per share). To satisfy tax withholding on that award, 1,375 of her shares were surrendered/disposed at $41.37 per share, totaling approximately $56,884. The grant is reported under the company’s 2025 Equity Incentive Plan.

Key Details

• Transaction dates: April 28, 2026 (award and tax withholding); Form 4 filed April 30, 2026 (appears timely).
• Award: 4,231 restricted shares issued (code A) at $0.00 per share.
• Withholding: 1,375 shares surrendered/withheld (code F) at $41.37 per share for tax obligations; proceeds ≈ $56,884.
• Footnote: F1 — Shares constitute restricted stock issued under the PBF Energy Inc. 2025 Equity Incentive Plan, as amended.
• Shares owned after transaction: not specified in the provided filing.

Context This was a compensation-related issuance of restricted stock, not an open-market purchase or sale. The withholding of shares to cover taxes is a routine administrative step (a form of cashless tax withholding) and doesn’t necessarily indicate any change in the director’s view of the company.