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AI brief of an SEC Form 8-K · PBF Energy (PBF)

PBF Energy grants long-term incentive awards to named executive officers effective Dec. 16

Neutral Impact 2 of 5 leadership Written later

PBF Energy's Compensation Committee approved long-term incentive grants to its named executive officers, with the grants dated December 16, 2024. The awards mix restricted stock, performance share units and cash performance units, all tied to relative TSR over 2025 to 2027, and they show how pay is linked to shareholder returns.

Key points

  • Chief Executive Officer Matthew C. Lucey receives $2,334,497 in restricted stock, plus $1,750,873 each in performance share units and performance units.
  • Executive Chairman Thomas J. Nimbley receives $1,850,000 in restricted stock only.
  • Performance awards range from zero to 200 percent of target based on TSR rankings for January 1, 2025 through December 31, 2027, and vest December 31, 2027.

The filing

CompanyPBF Energy (PBF)
Form8-K, current report
Filed with the SECDec 6, 2024, 3:49 PM ET
Accession number0001534504-24-000042

Items reported: 5.02 Director / Officer Change

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:17 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on December 06, 2024.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.