Lucey Matthew C. sold $16.2M of PBF
Lucey Matthew C. (CEO & President) sold 225,473 shares of PBF Energy Inc. (PBF) at an average of $71.92 ($71.62–$72.25, $16.21M total) across 2 trades on 2026-08-03.
How this was made
The 30-second read
Why it matters
Traders may monitor for follow-on insider activity or correlate with other upcoming company disclosures, but the text provides no new operational or financial guidance.
Market read
A sizable CEO open-market sale is newly disclosed, which can slightly pressure sentiment but lacks fundamental information to drive a durable move.
What to watch
No 10b5-1 plan is cited, but the filing does not provide intent, liquidity needs, or whether other grants/sales occurred around the same period.
Background
The article is a SEC Form 4 insider transaction disclosure for PBF Energy, reporting CEO and President Matthew C. Lucey’s open-market sale of shares.
Ticker impact
PBF CEO and President Matthew C. Lucey sold about 225,473 shares in open-market transactions totaling $16.2M, per a new Form 4 filed Aug. 4.
Likely limited near-term impact; any effect is sentiment-driven and may fade unless accompanied by other company-specific news.
The filing is a primary-source insider transaction disclosure with no stated 10b5-1 plan and a sizable dollar amount, but insider sales alone rarely drive sustained repricing without corroborating fundamentals.
Market effects
No direct sector catalyst; insider-sale disclosures typically do not change refining/energy fundamentals on their own.
None indicated.
None indicated.
Counterpoint
The sale may be routine diversification or tax-related, especially since the transactions were open-market and occurred over two trades at similar prices.
Key entities
- issuerPBF Energy Inc.
Subject of the Form 4 insider transaction disclosure.
- insiderMatthew C. Lucey
CEO and President who sold shares totaling about $16.2M.
