GAYDA MICHAEL D. 4
4 · PBF Logistics LP · Filed Jul 6, 2022
Insider Transaction Report
Form 4
PBF Logistics LPPBFX
GAYDA MICHAEL D.
Director
Transactions
- Exercise/Conversion
Common Unit representing LP interest
2022-07-01+1,313→ 59,580 total - Exercise/Conversion
Phantom Unit
2022-07-01−1,313→ 2,627 totalFrom: 2022-07-01Exp: 2022-07-01→ Common Unit representing LP interest (1,313 underlying)
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 in two equal annual installments beginning on July 1, 2023.