Research Summary
AI-generated summary of this SEC filing
PBF Energy SVP James E. Fedena Sells 24,756 Shares
What Happened
James E. Fedena, Senior Vice President of PBF Energy Inc. (PBF), sold 24,756 shares of Class A common stock in an open-market transaction on August 3, 2026. The shares were sold at $71.83 per share, producing gross proceeds of $1,778,181. This transaction is a sale (code S) and typically reflects liquidity or portfolio management rather than a direct positive signal about the company.
Key Details
- Transaction date: 2026-08-03; Filing date: 2026-08-05. The filing does not indicate a late report.
- Shares sold: 24,756 at $71.83 per share. Total proceeds: $1,778,181.
- Transaction type: Sale (open market or private sale as reported).
- Shares owned after transaction: Not specified in the provided filing excerpt.
- Footnote F1: Notes that certain shares represent amounts acquired under PBF’s 401(k) plan per Vanguard records (applies to holdings reported).
- No 10b5-1 trading plan, tax-withholding, or option exercise was disclosed in the provided transaction.
Context
Sales by executives can be routine (e.g., diversification, tax or personal needs) and do not by themselves indicate a change in company fundamentals. For retail investors, purchases are generally more informative; this single reported sale should be considered alongside other insider activity and company fundamentals.