Paul T. Davis, Senior Vice President at PBF Energy Inc. (PBF), filed a Form 4 on August 5, 2026, disclosing the exercise of fully vested stock options and a same-day sale of Class A Common Stock on August 4, 2026.

Key Highlights

  • Option exercise: Davis acquired 75,997 shares of Class A Common Stock via an option exercise (transaction code M) at a conversion price of $6.72 per share.
  • Same-day sale: Davis disposed of 75,997 shares (transaction code S) at a price of $65.7129 per share.
  • Options originally granted: The exercised options were granted on November 9, 2020, and are described as fully vested, with an expiration date of November 9, 2030.
  • Post-transaction ownership: Following the reported transactions, Davis directly beneficially owns 183,426 shares of Class A Common Stock.
  • Derivative position: After the exercise, Davis holds zero remaining employee stock options of this grant, according to the filing.

PBF Energy Senior Vice President Reports Option Exercise and Share Disposition

According to the Form 4 filed with the U.S. Securities and Exchange Commission, Paul T. Davis, identified as a Senior Vice President of PBF Energy Inc., reported two transactions in the company's Class A Common Stock on August 4, 2026. The filing lists Davis's address as One Sylvan Way, Second Floor, Parsippany, New Jersey 07054, and states that the form was filed by one reporting person.

The filing discloses that Davis exercised employee stock options covering 75,997 shares at a conversion or exercise price of $6.72 per share, recorded as an acquisition (code M) under Table I. The same date, Davis sold those 75,997 shares at $65.7129 per share, recorded as a disposition (code S). Prior to the acquisition from the option exercise, the filing reflects an intermediate beneficial ownership of 259,423 shares, which decreased to 183,426 shares directly held following the sale.

In the Explanation of Responses, the filing states: "Represents options to purchase Class A Common Stock that were granted on November 9, 2020 that are fully vested." Under Table II, the derivative security position for this employee stock option grant shows zero remaining derivative securities beneficially owned following the exercise. The price of the derivative security is listed as $0. The form was signed by Trecia Canty as Attorney-in-Fact for T. Paul Davis on August 5, 2026.

What Was Disclosed

PBF Energy Senior Vice President Paul T. Davis reported exercising 75,997 fully vested stock options at $6.72 per share and selling the resulting 75,997 shares at $65.7129 per share on August 4, 2026, leaving a direct beneficial ownership of 183,426 shares.