PBF Energy (PBF) SVP Ho Tai Wendy Exercises Options, Sells 28,959 Shares

What Happened

• Ho Tai Wendy, Senior Vice President of Human Resources at PBF Energy, exercised vested stock options and immediately sold all resulting shares on 2026-08-03. She exercised 12,500 options at $35.30 (cost $441,250) and 16,459 options at $27.86 (cost $458,548), acquiring 28,959 shares total. She sold those same shares in two open-market transactions — 12,500 shares at $72.09 (proceeds $901,065) and 16,459 shares at $71.94 (proceeds $1,184,125) — for total gross proceeds of $2,085,190. After paying the exercise costs (~$899,798), net proceeds were roughly $1,185,392 before fees and taxes.

Key Details

• Transaction date: August 3, 2026.
• Option exercises: 12,500 @ $35.30 (F1) and 16,459 @ $27.86 (F2); total exercise cost ~$899,798.
• Sales: 12,500 @ $72.09 and 16,459 @ $71.94; total proceeds $2,085,190.
• Net proceeds (approx): $2,085,190 − $899,798 = ~$1,185,392 (before fees/taxes).
• Footnotes: F1 = options granted Feb 11, 2019 (fully vested); F2 = options granted Feb 10, 2020 (fully vested).
• The filing lists two derivative entries at $0.00 tied to the option instruments; these reflect the option disposition entries on the Form 4 and are not additional cash sales.
• Shares owned after the transactions are not specified in the provided filing excerpt.
• No late filing indication was provided in the supplied data.

Context

• Because the exercises and sales occurred the same day, this functions as a cashless exercise (options exercised and shares sold immediately), a common way for insiders to cover exercise costs and tax withholding. Such same‑day exercises followed by sales are typically liquidity events and do not by themselves signal a change in the insider’s view of the company.