A significant insider transaction involving the exercise of company stock options was reported on March 27, by T. Paul Davis, Senior Vice President at PBF Energy (NYSE:PBF), as per the latest SEC filing.
What Happened: Davis, Senior Vice President at PBF Energy, made a strategic move by exercising stock options for 100,000 shares of PBF as detailed in a Form 4 filing on Wednesday with the U.S. Securities and Exchange Commission. The transaction value amounted to $2,754,000.
During Wednesday's morning session, PBF Energy shares down by 0.25%, currently priced at $55.2. Considering the current price, Davis's 100,000 shares have a total value of $2,754,000.
Discovering PBF Energy: A Closer Look
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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