Highlighted on March 27, it was unveiled in an SEC filing that O'Connor, Senior Vice President at PBF Energy (NYSE:PBF), executed a significant transaction involving the exercise of company stock options.
What Happened: O'Connor, Senior Vice President at PBF Energy, exercised stock options for 10,000 shares of PBF stock. This information was disclosed in a Form 4 filing with the U.S. Securities and Exchange Commission on Wednesday. The exercise price of the options was $30.89 per share.
During Wednesday's morning session, PBF Energy shares up by 0.56%, currently priced at $55.65. Considering the current price, O'Connor's 10,000 shares have a total value of $247,599.
Unveiling the Story Behind PBF Energy
PBF Energy Inc is an independent petroleum refiner and supplier of unbranded transportation fuels, heating oil, petrochemical feedstocks, lubricants, and other petroleum products in the United States. The company owns refineries in Delaware, Ohio, New Jersey, California, and Louisiana. The Company operates in two reportable business segments: Refining and Logistics. The Company's oil refineries are all engaged in the refining of crude oil and other feedstocks into petroleum products and are aggregated into the Refining segment. PBFX operates logistics assets such as crude oil and refined products terminals, pipelines and storage facilities. The Logistics segment consists solely of PBFX's operations.
PBF Energy: A Financial Overview
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