PBF Energy (PBF) CEO Matthew C. Lucey Exercises Options, Sells Shares

What Happened
Matthew C. Lucey, CEO, President and a director of PBF Energy (PBF), exercised vested stock options and sold the resulting shares in open-market transactions on August 3, 2026. He exercised 120,000 options at $28.67 (cost $3,440,400) and 105,473 options at $32.71 (cost $3,450,022). Those exercises were followed by sales of 120,000 shares at $71.62 (proceeds $8,594,544) and 105,473 shares at $72.25 (proceeds $7,620,424). Total shares sold = 225,473; total gross sale proceeds ≈ $16,214,968; total exercise payments ≈ $6,890,422.

Key Details

• Transaction date: August 3, 2026; Form 4 filed August 4, 2026 (appears timely).
• Codes: M = option exercise/conversion; S = open-market sale.
• Individual transactions:
  • Exercised 120,000 options at $28.67 (F1) — paid $3,440,400; sold 120,000 shares at $71.62 — $8,594,544.
  • Exercised 105,473 options at $32.71 (F2) — paid $3,450,022; sold 105,473 shares at $72.25 — $7,620,424.
  • Two derivative "Disposed" lines at $0.00 appear in the filing (typical reporting when shares are surrendered/used in connection with option exercises or tax withholding).
• Footnotes: F1 = options granted Oct 30, 2017 (fully vested); F2 = options granted Oct 29, 2019 (fully vested).
• Shares owned after the transactions are not specified in the details provided here.

Context
This was an option exercise immediately followed by open-market sales (a common "cashless" pattern where an executive exercises vested options and sells some or all resulting shares). Sales are routine insider disclosures and do not, by themselves, indicate company-wide sentiment. The filing was submitted the next day, so there is no indication of a late report in the information provided.