PBF Energy (PBF) CFO Marino Exercises Options, Sells 4,033 Shares

What Happened Marino Joseph Daniel, Chief Financial Officer of PBF Energy, exercised 4,033 stock options on August 11, 2026 at an exercise price of $13.91 per share (cost $56,099) and immediately sold the 4,033 resulting shares in the open market at $69.15 per share for gross proceeds of $278,882. The underlying option/derivative position was surrendered as part of the transaction.

Key Details

• Transaction date: 2026-08-11 (reported on Form 4 filed 2026-08-13)
• Exercise: 4,033 options exercised at $13.91 → total cost $56,099
• Sale: 4,033 shares sold at $69.15 → gross proceeds $278,882
• Net pre-tax proceeds (approx): $278,882 − $56,099 = $222,783
• Shares owned after transaction: not disclosed in this filing
• Footnote: F1 — options were granted on Nov 18, 2021 and were fully vested
• Filing timeliness: Form 4 was filed within the typical two-business-day window (timely)

Context This was an options exercise followed by an immediate open-market sale (a common "exercise-and-sell" or cashless exercise pattern) that realizes gains for the insider. The Form 4 shows exercise code M (option exercise) and sale code S (open-market sale). Such transactions monetize previously granted, vested options and do not by themselves indicate a change in the insider’s view of the company.