PBFPBF Energy Inc. · Insider ownership research

PBF Energy Inc. insiders sold $186M in the past 12 months. How much of their stake is that?

Insiders sold $186M in the past 12 months.0% was sold under disclosed trading plans, 100% with no plan disclosed. The largest seller, Thomas Nimbley (Director), sold $110M. 98% of these sales were shares from exercising options.Share-of-stake figures for this company are being verified and will be added when that check is finished. Why

Updated Oct 13, 2026 from SEC filings · covers Oct 14, 2025 to Oct 13, 2026

$186M

sold with no plan disclosed, past 12 months

0%

of sales were under disclosed trading plans, past 12 months

9 of 19

officers and directors sold shares, past 12 months

Is this normal? More than usual: about 15x the 5-year average. 9 insiders sold; the average is 3 a year. Year by year

Latest filing: Filed Aug 19 for a sale from Aug 17 to Aug 19. Thomas Nimbley sold 341K shares ($25.4M) with no plan disclosed. Filing

SEC ownership filings: 117 filed in the 12 months to Oct 13, 2026; 721 on record since Dec 13, 2012 · See the evidence

What stands out

Seven insiders sold $186M with no disclosed plan: Thomas Nimbley ($110M), Matthew Lucey ($26.7M) and Trecia Canty ($20.5M), plus 4 more. The filings don't state a reason.Thomas Nimbley: largest such sale, Aug 3, 2026 · Matthew Lucey: largest such sale, Aug 14, 2026 · Trecia Canty: largest such sale, Aug 12, 2026

Outside holder Empresarial Control, a 10% owner and not part of management, sold $826M of stock.Largest sale, Mar 11, 2026

Selling picked up in the last 90 days: officers and directors sold 2.03M shares, against an average of 324K per 90 days earlier in the period. Most of it was Thomas Nimbley (1.24M shares in the last 90 days) and Matthew Lucey (368K shares in the last 90 days); 0% of these sales were under disclosed plans.Thomas Nimbley: largest recent sale, Aug 3, 2026 · Matthew Lucey: largest recent sale, Aug 14, 2026

A share of stake is shown for 0 of the 9 officers and directors who sold. 19 are left out

i

Left out: Thomas Nimbley, Matthew Lucey, Connor O, Trecia Canty, Paul Davis, James Fedena, Tai Ho, Karen Davis, Eugene Edwards, Spencer Abraham, George Ogden, Kimberly Lubel, Michael Bukowski, Paul Donahue, Joseph Marino, Lawrence Ziemba, Steven Andriola, Georganne Hodges and Damian Wilmot (share of stake is being verified).

Disclosed company stock is not an insider's whole wealth.

Who sold, and how much of their stake

Officers and directors, past 12 months. Their share of stake is being verified and is not shown yet; amounts and trading plans are below.

Thomas Nimbley

Director

Not confirmed

Share of stake not shown: share of stake is being verified. Why

$110MNo plan disclosed

Matthew Lucey

CEO & President, Director

Not confirmed

Share of stake not shown: share of stake is being verified. Why

$26.7MNo plan disclosed

Trecia Canty

SVP and General Counsel

Not confirmed

Share of stake not shown: share of stake is being verified. Why

$20.5MNo plan disclosed

Paul Davis

Senior Vice President

Not confirmed

Share of stake not shown: share of stake is being verified. Why

$16.2MNo plan disclosed

James Fedena

Senior Vice President

Not confirmed

Share of stake not shown: share of stake is being verified. Why

$6.6MNo plan disclosed

Selling by month

Officers and directors, Oct 2025 to Oct 2026. Each sale is counted once: under a disclosed plan, else to cover taxes, else no plan disclosed.

No plan disclosedOne dollar scale for every month; the tallest bar is labeled

Recent activity

Past 30 days, Sep 14, 2026 to Oct 13, 2026

No officer or director trades were reported for the past 30 days. The most recent before that:

Aug 19, 2026Thomas Nimbley sold 116K shares ($8.6M) with no plan disclosed. 116K shares came in from vesting or option exercises the same day, so the holding rose by 0 net.

Who	Shares	Price	% of total stake	Total stake after	Trade date	Filed
Thomas Nimbley Director	116,008	$73.73	n/a	n/a	Aug 19, 2026	Aug 19, 2026

Outside holders, reported separately

Empresarial Control sold $826M in the past 12 months. Large shareholders and the funds or companies that board members represent are not part of management, so they are left out of the figures above.

Common questions

Is the PBF Energy Inc. CEO selling stock?

Yes. Matthew Lucey sold 368K shares ($26.7M) in the past 12 months, none of it under a trading plan disclosed in the filings.

Why are PBF Energy Inc. insiders selling?

Filings rarely give a reason, and we don't guess at one. What they show is how the sales were made: 0% of sales by value ran under 10b5-1 trading plans disclosed in the filings and 100% had no disclosed plan. A trading plan schedules sales in advance.

Are any PBF Energy Inc. insiders buying?

No. Officers and directors reported no purchases in the past 12 months.

The evidence

Who sold9 officers and directors: amount, % of holdings, trading plan

Who sold	Amount	% of holdings	Trading plan
Thomas Nimbley Director	$110M 1.79M shares	Not confirmed share of stake is being verified. Why	No plan disclosed
Matthew Lucey CEO & President, Director	$26.7M 368K shares	Not confirmed share of stake is being verified. Why	No plan disclosed
Trecia Canty SVP and General Counsel	$20.5M 328K shares	Not confirmed share of stake is being verified. Why	No plan disclosed
Paul Davis Senior Vice President	$16.2M 289K shares	Not confirmed share of stake is being verified. Why	No plan disclosed
James Fedena Senior Vice President	$6.6M 121K shares	Not confirmed share of stake is being verified. Why	No plan disclosed
Connor O Senior Vice President	$3.1M 76K shares	Not confirmed share of stake is being verified. Why	No plan disclosed
Tai Ho Senior Vice President, HR	$3.0M 41K shares	Not confirmed share of stake is being verified. Why	No plan disclosed
Joseph Marino SVP, Chief Financial Officer	$279K 4K shares	Not confirmed share of stake is being verified. Why	No plan disclosed
Steven Andriola Controller & CAO	$104K 3.6K shares	Not confirmed share of stake is being verified. Why	No plan disclosed

Outside holder, reported separately: Empresarial Control (a 10% owner, not part of management). Sold $826M (17.33M shares) from Jan 9, 2026 to Oct 5, 2026. Latest filing

The full ownership picture0 of 19 officers and directors confirmed

Vested shares across all share classes, held directly and through trusts, LLCs and family members, as reported on SEC Forms 3, 4 and 5. Unvested awards and options are never counted as owned shares.

Insider

Held Oct 13, 2025

Sold

Held Oct 13, 2026

Still held

Thomas Nimbley

!

Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Thomas Nimbley are complete.

Director

n/a

−1.79M

n/a

n/a

Vesting, gifts, unvested awards and holding lines for Thomas Nimbley

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Thomas Nimbley are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)

−1.2Kwithheld by the company for taxes

Matthew Lucey

!

Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Matthew Lucey are complete.

CEO & President, Director

n/a

−368K

n/a

n/a

Vesting, gifts, unvested awards and holding lines for Matthew Lucey

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Matthew Lucey are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)

−422Kwithheld by the company for taxes

Connor O

!

Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Connor O are complete.

Senior Vice President

n/a

−76K

n/a

n/a

Vesting, gifts, unvested awards and holding lines for Connor O

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Connor O are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)

−12Kwithheld by the company for taxes

Stock options (not counted as shares):

Options held	Strike price	Expires	Intrinsic value (estimate)
80,000	$30.89	Oct 27, 2025	$4.3M

Estimate: options held × ($84.13 − strike price), using the most recent insider trade price on Form 4 (Oct 5, 2026), not a market close.

Trecia Canty

!

Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Trecia Canty are complete.

SVP and General Counsel

n/a

−328K

n/a

n/a

Vesting, gifts, unvested awards and holding lines for Trecia Canty

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Trecia Canty are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)

−12Kwithheld by the company for taxes

Paul Davis

!

Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Paul Davis are complete.

Senior Vice President

n/a

−289K

n/a

n/a

Vesting, gifts, unvested awards and holding lines for Paul Davis

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Paul Davis are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)

−12Kwithheld by the company for taxes

James Fedena

!

Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for James Fedena are complete.

Senior Vice President

n/a

−121K

n/a

n/a

Vesting, gifts, unvested awards and holding lines for James Fedena

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for James Fedena are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)

−7.8Kwithheld by the company for taxes

Tai Ho

!

Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Tai Ho are complete.

Senior Vice President, HR

n/a

−41K

n/a

n/a

Vesting, gifts, unvested awards and holding lines for Tai Ho

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Tai Ho are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)

−9.9Kwithheld by the company for taxes

Karen Davis

!

Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Karen Davis are complete.

Director

n/a

0

n/a

n/a

Vesting, gifts, unvested awards and holding lines for Karen Davis

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Karen Davis are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)

−13Kwithheld by the company for taxes

Eugene Edwards

!

Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Eugene Edwards are complete.

Director

n/a

0

n/a

n/a

Vesting, gifts, unvested awards and holding lines for Eugene Edwards

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Eugene Edwards are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)

−931withheld by the company for taxes

Spencer Abraham

!

Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Spencer Abraham are complete.

Director

n/a

0

n/a

n/a

Vesting, gifts, unvested awards and holding lines for Spencer Abraham

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Spencer Abraham are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)

−1.2Kwithheld by the company for taxes

George Ogden

!

Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for George Ogden are complete.

Director

n/a

0

n/a

n/a

Vesting, gifts, unvested awards and holding lines for George Ogden

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for George Ogden are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)

−931withheld by the company for taxes

Kimberly Lubel

!

Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Kimberly Lubel are complete.

Director

n/a

0

n/a

n/a

Vesting, gifts, unvested awards and holding lines for Kimberly Lubel

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Kimberly Lubel are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)

−931withheld by the company for taxes

Michael Bukowski

!

Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Michael Bukowski are complete.

SVP, Head of Refining

n/a

0

n/a

n/a

Vesting, gifts, unvested awards and holding lines for Michael Bukowski

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Michael Bukowski are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)

−4.3Kwithheld by the company for taxes

Paul Donahue

!

Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Paul Donahue are complete.

Director

n/a

0

n/a

n/a

Vesting, gifts, unvested awards and holding lines for Paul Donahue

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Paul Donahue are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)

−1.2Kwithheld by the company for taxes

Joseph Marino

!

Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Joseph Marino are complete.

SVP, Chief Financial Officer

n/a

−4K

n/a

n/a

Vesting, gifts, unvested awards and holding lines for Joseph Marino

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Joseph Marino are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)

−1.5Kwithheld by the company for taxes

Lawrence Ziemba

!

Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Lawrence Ziemba are complete.

Director

n/a

0

n/a

n/a

Vesting, gifts, unvested awards and holding lines for Lawrence Ziemba

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Lawrence Ziemba are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)

−931withheld by the company for taxes

Steven Andriola

!

Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Steven Andriola are complete.

Controller & CAO

n/a

−3.6K

n/a

n/a

Vesting, gifts, unvested awards and holding lines for Steven Andriola

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Steven Andriola are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)

−1.4Kwithheld by the company for taxes

Georganne Hodges

!

Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Georganne Hodges are complete.

Director

n/a

0

n/a

n/a

Vesting, gifts, unvested awards and holding lines for Georganne Hodges

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Georganne Hodges are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)

−931withheld by the company for taxes

Damian Wilmot

!

Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Damian Wilmot are complete.

Director

n/a

0

n/a

n/a

Vesting, gifts, unvested awards and holding lines for Damian Wilmot

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Damian Wilmot are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)

−1.1Kwithheld by the company for taxes

Holdings and share of stake for PBF Energy Inc. are being verified, so no balances, unit counts or percentages are shown. Sales, proceeds, plan and tax status, titles and dates come straight from individual filings.

What explains the selling$186M of sales by plan status, purpose, seller and month

Officer and director open-market sales: $186M across 3,020,075 shares. Plan status and stated purpose are separate questions, and a sale can have both.

By plan status

No plan disclosed · $186M

No plan disclosed · $186M

Sales with no 10b5-1 plan and no tax reference in the filing. $110M of it is Thomas Nimbley. No plan disclosed is a statement about the filing, not about why the sale happened. Largest such sale: Thomas Nimbley, Aug 3, 2026

Taxes

505,393 shares ($22.4M) were withheld by the company for taxes, which isn't a market sale.

Seller	Shares sold	Proceeds	Under a disclosed plan	Share of total	Sales dates
Thomas Nimbley Director	1.79M	$110M	0%	59%	Nov 3, 2025 to Aug 19, 2026
Matthew Lucey CEO & President, Director	368K	$26.7M	0%	14%	Aug 3, 2026 to Aug 14, 2026
Trecia Canty SVP and General Counsel	328K	$20.5M	0%	11%	Nov 6, 2025 to Aug 14, 2026
Paul Davis Senior Vice President	289K	$16.2M	0%	9%	Nov 10, 2025 to Aug 12, 2026
James Fedena Senior Vice President	121K	$6.6M	0%	4%	Mar 30, 2026 to Aug 3, 2026
Connor O Senior Vice President	76K	$3.1M	0%	2%	Nov 10, 2025 to Nov 11, 2025
Tai Ho Senior Vice President, HR	41K	$3.0M	0%	2%	Aug 3, 2026 to Aug 14, 2026
Joseph Marino SVP, Chief Financial Officer	4K	$279K	0%	0.1%	Aug 11, 2026 to Aug 11, 2026
Steven Andriola Controller & CAO	3.6K	$104K	0%	0.1%	Nov 3, 2025 to Dec 19, 2025

Sales by month

Month	Sale proceeds	Disclosed plan	To cover taxes	No plan disclosed
Oct 2025	$0	$0	$0	$0
Nov 2025	$15.5M	$0	$0	$15.5M
Dec 2025	$68K	$0	$0	$68K
Jan 2026	$0	$0	$0	$0
Feb 2026	$0	$0	$0	$0
Mar 2026	$25.9M	$0	$0	$25.9M
Apr 2026	$0	$0	$0	$0
May 2026	$0	$0	$0	$0
Jun 2026	$0	$0	$0	$0
Jul 2026	$0	$0	$0	$0
Aug 2026	$145M	$0	$0	$145M
Sep 2026	$0	$0	$0	$0
Oct 2026	$0	$0	$0	$0

Is this normal? Selling year by year5 earlier years to compare with

More than usual: about 15x the 5-year average. 9 insiders sold; the average is 3 a year.

12 months ending	Shares sold	Insiders who sold	Proceeds
Oct 13, 2026 Latest 12 months	3.02M	9	$186M
Oct 13, 2025 1 year earlier	110K	2	$3.7M
Oct 13, 2024 2 years earlier	200K	3	$11.1M
Oct 14, 2023 3 years earlier	314K	4	$16.1M
Oct 14, 2022 4 years earlier	408K	4	$12.8M
Oct 14, 2021 5 years earlier	2K	1	$33K

Open-market sales (Form 4 code S) by people who were officers or directors, in split-adjusted shares. Earlier years include people who have since left. A sale that an outside holder also reports (a family trust, a fund) is counted with outside holders in every year. Shares, not dollars, are compared, so a change in the stock price doesn't look like a change in selling. Years the filings don't fully cover are shown but left out of the average.

Known gaps and uncertainty19 officers and directors not confirmed

Holdings and share of stake are being verified. Balances, unit counts and every share-of-stake figure for PBF Energy Inc. are held back until that check is finished. Sales, proceeds, plan and tax status, titles and dates come straight from individual filings and are complete.

External context: we only cite outside events when a documented connection exists. None is shown for this period.

Sources and methodology721 filings on record, 117 filed in the 12-month period, and how we read them

All 721 Forms 3, 4 and 5 on record for PBF Energy Inc. (SEC CIK 1534504), filed from Dec 13, 2012 to Oct 7, 2026; 117 of them were filed in the 12 months this page covers, retrieved from SEC EDGAR on Oct 13, 2026. Prices are the ones reported in each filing, often weighted averages. 7 filings were left out because PBF Energy Inc. filed them as an owner of another company's stock.

Holdings. Each holding line (a share class plus an owner, such as a trust or LLC) carries its last reported balance forward. Entities first reported during the period start at zero, so transfers between an insider's own trusts don't count as selling. Lines not reported for three years or more are listed separately and left out of totals.

Sales. A sale counts as under a 10b5-1 plan if its footnote cites one or the filing's Rule 10b5-1 box is checked, and as tax-related if its footnote cites tax obligations or sell-to-cover. Shares withheld by the company for taxes are listed separately. Sales with neither attribute are labeled "no plan disclosed".

Full methodology

Former or inactive filers (25)No filing in 18 months; last reported balances, not in any total

Name	Last filed	Last reported balance
Steven Steach	Feb 15, 2024	65,448 shares, last reported balance as of Feb 14, 2024
Wayne Budd	May 5, 2023	50,894 shares, last reported balance as of May 3, 2023
John Barone	Feb 22, 2023	38,359 shares, last reported balance as of Feb 21, 2023
Erik Young	Dec 12, 2022	134,098 shares, last reported balance as of Dec 9, 2022
Robert Lavinia	Nov 30, 2022	47,107 shares, last reported balance as of Nov 30, 2022
Herman Seedorf	Dec 29, 2021	167,857 shares, last reported balance as of Dec 28, 2021
William Hantke	Jun 1, 2021	34,546 shares, last reported balance as of May 27, 2021
Edward Kosnik	Jul 6, 2020	46,837 shares, last reported balance as of Jul 1, 2020
CARSO ENERGY CORP	Nov 18, 2019	17,556,343 shares, last reported balance as of Nov 8, 2019
Jeffrey Dill	Oct 27, 2017	59,746 shares, last reported balance as of Oct 25, 2017
Dennis Houston	Aug 3, 2017	45,716 shares, last reported balance as of Aug 1, 2017
Malley O	Jul 5, 2016	3,714,960 shares, last reported balance as of Jun 30, 2016
Malley O	Jul 5, 2016	100,000 shares, last reported balance as of Jun 30, 2016
Eija Malmivirta	May 5, 2016	12,508 shares, last reported balance as of May 3, 2016
Jefferson Allen	Aug 4, 2015	195,132 shares, last reported balance as of Aug 1, 2015
Malley O	Oct 31, 2014	48,810 shares, last reported balance as of May 13, 2013
First Reserve GP XII Ltd	Jun 18, 2014	69,882,164 shares, last reported balance as of Jun 17, 2014
Blackstone Holdings II L.P.	Jun 18, 2014	37,088,319 shares, last reported balance as of Jun 17, 2014
Blackstone Management Associates V USS L.L.C.	Jun 18, 2014	37,088,319 shares, last reported balance as of Jun 17, 2014
Donald Lucey	Nov 5, 2013	188,167 shares, last reported balance as of Nov 5, 2013
Michael Gayda	Dec 13, 2012	136,539 shares, last reported balance as of Dec 13, 2012
Martin Brand		No balance on record
Timothy Day		No balance on record
David Foley		No balance on record
Neil Wizel		No balance on record

Spotted something wrong on this page? Report an error. We check every report against the SEC filing and list what we fix in the corrections log.