Seedorf Herman L 4
4 · PBF Energy Inc. · Filed Dec 29, 2021
Insider Transaction Report
Form 4
Seedorf Herman L
Senior Vice President
Transactions
- Exercise/Conversion
Class A Common Stock
2021-12-28+66,202→ 98,544 total - Exercise/Conversion
Series A Unit of PBF Energy Company LLC
2021-12-28−66,202→ 0 total→ Class A Common Stock (66,202 underlying)
Holdings
- 0
Class B Common Stock
Footnotes (2)
- [F1]The reporting person exchanged all of his Series A Units of PBF Energy Company LLC for Class A Common Stock and as a result does not hold any Class B Common Stock.
- [F2]Pursuant to an exchange agreement the Series A Units of PBF Energy Company LLC are exchangeable at any time for shares of Class A Common Stock of PBF Energy Inc. on a one-for-one basis, subject to equitable adjustments for stock splits, stock dividends and reclassifications. As the reporting person exchanges the Series A Units of PBF Energy Company LLC for shares of Class A Common Stock of PBF Energy Inc. pursuant to the exchange agreement, the voting power afforded to the reporting person by her share of Class B Common Stock of PBF Energy Inc. will be automatically and correspondingly reduced.