GAYDA MICHAEL D. 4
4 · PBF Logistics LP · Filed Apr 27, 2022
Insider Transaction Report
Form 4
PBF Logistics LPPBFX
GAYDA MICHAEL D.
Director
Transactions
- Exercise/Conversion
Phantom Unit
2022-04-26−862→ 2,587 totalFrom: 2022-04-26Exp: 2022-04-26→ Common Unit representing LP interest (862 underlying) - Exercise/Conversion
Common Unit representing LP interest
2022-04-26+862→ 57,054 total - Award
Phantom Unit
2022-04-25+3,296→ 3,296 total→ Common Unit representing LP interest (3,296 underlying)
Footnotes (3)
- [F1]Each phantom unit with distribution equivalent rights ("DER"), represents a contingent right to receive one common unit representing a limited partner interest in the Issuer or, at the election of the Board of Directors of PBF Logistics GP LLC, cash or a combination of the two. DERs shall be settled in cash.
- [F2]The phantom units will vest in four equal annual installments beginning on April 25, 2023.
- [F3]The remaining phantom units will vest in three equal annual installments beginning on April 26, 2023.