GAYDA MICHAEL D. 4
4 · PBF Logistics LP · Filed May 3, 2022
Insider Transaction Report
Form 4
PBF Logistics LPPBFX
GAYDA MICHAEL D.
Director
Transactions
- Exercise/Conversion
Common Unit representing LP interest
2022-05-01+628→ 58,267 total - Exercise/Conversion
Phantom Unit
2022-05-01−628→ 0 totalFrom: 2022-05-01Exp: 2022-05-01→ Common Unit representing LP interest (628 underlying) - Exercise/Conversion
Phantom Unit
2022-04-29−585→ 584 totalFrom: 2022-04-29Exp: 2022-04-29→ Common Unit representing LP interest (585 underlying) - Exercise/Conversion
Common Unit representing LP interest
2022-04-29+585→ 57,639 total
Footnotes (2)
- [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 remaining phantom units will vest on April 29, 2023.