PBF Energy SVP Ho Tai Wendy Exercises Options, Sells Shares

What Happened Ho Tai Wendy, Senior Vice President, Human Resources at PBF Energy (PBF), exercised 12,094 vested stock options and immediately sold those 12,094 shares on August 14, 2026. The options were exercised at an exercise price of $13.91 per share (total cost $168,228), and the shares were sold in an open-market transaction at $73.95 per share for gross proceeds of $894,308. The filing shows the option conversion (derivative disposition) associated with the exercise.

Key Details

• Transaction date: August 14, 2026
• Option exercise (code M): 12,094 shares at $13.91 (acquired) — total exercise cost $168,228
• Open-market sale (code S): 12,094 shares at $73.95 — gross proceeds $894,308
• Derivative disposition line (shown at $0) reflects conversion/settlement of the option instrument after exercise
• Footnote: Options were granted November 18, 2021 and are fully vested
• Shares owned after the transaction: not specified in the provided filing excerpt
• Filing: Form 4 was filed Aug 17, 2026 for an Aug 14 transaction (appears timely)

Context This sequence (exercise of vested options followed by an immediate sale of the resulting shares) is commonly a cashless exercise—the insider exercises options and sells shares the same day. The Form 4 does not state a reason for the sale (e.g., tax withholding, diversification), so no inference about sentiment should be drawn beyond the reported transactions.