Senior Vice President James E. Fedena of PBF Energy Inc. (NYSE:PBF) completed a series of equity transactions at the end of March 2026, selling a total of 77,026 shares of the company's Class A Common Stock and exercising stock options tied to 77,085 shares, filings with the Securities and Exchange Commission show.
The share dispositions occurred on March 30 and March 31, with executed sale prices ranging from $49.52 to $51.66 per share. The cumulative proceeds from the share sales were approximately $4.8 million. The timing of the sales coincides with PBF's shares trading near their 52-week high of $52.18, after a 149% gain over the last year.
Details in the Form 4 specify that on March 30 Fedena sold 18,941 shares at $51.66 per share. On March 31 he sold multiple tranches: 20,000 shares at $49.7162, 25,000 shares at $49.5354, 12,500 shares at $49.5204, 4,115 shares at $49.655, 7,407 shares at $49.66 and 8,063 shares at $49.5594.
In parallel with those sales, Fedena exercised option grants to acquire 77,085 shares of Class A Common Stock at exercise prices that ranged from $6.72 to $35.30, with a total exercise cost of $2,085,725. The Form 4 lists the exercised option tranches on March 31 as: 20,000 shares at $31.32, 25,000 shares at $29.66, 12,500 shares at $35.30, 4,115 shares at $27.86, 7,407 shares at $6.72 and 8,063 shares at $13.91.
After completing those transactions, Fedena is reported to directly own 139,016 shares of PBF Energy Inc. Class A Common Stock. He additionally holds an indirect interest in 11,301.255 shares through PBF Energy Inc.'s 401(k) Plan, as reflected in the filing.
Market commentary from InvestingPro, referenced in the filing summary, indicates PBF was trading slightly above its Fair Value and appeared on the platform's Most Overvalued list. The InvestingPro analysis is said to include further ProTips and detailed financial metrics for the company.
Separately, PBF Energy published its fourth-quarter 2025 results showing an adjusted earnings per share of $0.66, which exceeded expectations for a loss of $0.20 per share. Revenue for the quarter totaled $7.14 billion, narrowly missing analyst estimates of $7.17 billion. The filings note that analyst responses to the quarter's results have not been detailed in the recent updates.
These filings and the company results together provide a snapshot of insider activity and recent financial performance, which investors may use when evaluating PBF Energy's near-term positioning and market valuation.
Source document: SEC Form 4 filings disclosed the transactions and option exercises. Financial results for Q4 2025 were cited in the company's reported earnings.