PBF Energy SVP Paul T. Davis Exercises Options, Sells 75,997 Shares

What Happened
Paul T. Davis, Senior Vice President of PBF Energy (PBF), exercised 75,997 stock options and then sold the same 75,997 shares in an open-market transaction on August 4, 2026. He paid $6.72 per share to exercise the options (total exercise cost ~$510,700) and sold the shares at $65.71 each for gross proceeds of $4,993,983. The filing shows the derivative (the options) was disposed of upon exercise.

Key Details

• Transaction dates: August 4, 2026 (reported on Form 4 filed 2026-08-05).
• Exercise (code M): 75,997 options exercised at $6.72/share; total paid ≈ $510,700.
• Sale (code S): 75,997 shares sold on open market at $65.71/share; gross proceeds ≈ $4,993,983.
• Derivative disposition: 75,997 options marked disposed ($0) indicating the options were converted into shares on exercise.
• Footnote: Options were granted November 9, 2020 and are fully vested (per footnote F1).
• Shares owned after the transaction: not specified in the provided details.
• Filing timeliness: Reported the next day (filed 2026-08-05 for 2026-08-04 activity), indicating a timely disclosure.

Context

• This was an exercise-and-immediate-sale (same-day) of vested options—often used by insiders to realize gains from option grants. Such transactions are routine and do not by themselves indicate a change in insider sentiment about the company.