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

PBF Energy grants 2026 long-term incentive awards to CEO and three senior officers

Neutral Impact 2 of 5 leadership

PBF Energy's Compensation Committee approved 2026 long-term incentive awards effective October 27, 2026, for CEO Matthew C. Lucey and three other senior officers. The awards are split between restricted stock, performance share units and cash performance units, with payouts tied to TSR over 2027 through 2029, so they link executive pay to future shareholder returns.

Key points

  • CEO Matthew C. Lucey received a 2026 long-term incentive award of $8,484,700.
  • Joseph Marino, T. Paul Davis and Trecia Canty each received awards of $2,500,000.
  • Awards are 40% restricted stock, 30% performance share units and 30% performance units with a $1.00 target value.
  • Performance awards vest December 31, 2029, and can pay from zero to 200 percent of target based on TSR.

The filing

CompanyPBF Energy (PBF)
Form8-K, current report
Filed with the SECOct 30, 2026, 4:15 PM ET
Accession number0001534504-26-000043

Items reported: 5.02 Director / Officer Change

Read the filing on SEC.gov ↗

Written by AI on Nov 7, 2026, 11:18 PM ET, from this filing only.

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.