PBF Energy CFO Files Initial Statement of Holdings ($PBF)
PBF Energy Inc.
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Filing Summary
PBF Energy CFO Files Initial Statement of Holdings ($PBF)
Company: PBF Energy Inc. (PBF) Form: 3/A | Filed: 2025-10-09 Significance: Low
Insider: Marino Joseph Daniel Title: SVP, Chief Financial Officer | Relationship: Officer
Initial Holdings Reported: • Security: Class A Common Stock • Shares Owned: 20,042 • Ownership: Direct
Key Insight: This Form 3/A is an amended initial statement of ownership for the new CFO. It establishes their starting equity position in the company and does not represent a new purchase or sale. The filing shows the executive directly holds 20,042 shares and has options for another 4,033 shares.
This is PUBLIC SEC data for educational purposes. Not investment advice.
Comprehensive Analysis
SEC Filing Analysis: PBF Energy Inc. (PBF)
Executive Summary
- Trading Significance: Low
- Key Takeaway: This Form 3/A filing is an amended initial statement of beneficial ownership for PBF Energy's new SVP & Chief Financial Officer, Joseph Daniel Marino. It establishes his baseline holdings and does not represent a new market transaction.
- Market Impact: The filing is informational and is expected to have a neutral market impact. It provides transparency into the new CFO's initial stake in the company, which includes 20,042 common shares and options for 4,033 shares.
Company Information
| Field | Value |
|---|---|
| Company | PBF Energy Inc. |
| Ticker Symbol | PBF |
| CIK | 0001534504 |
| Industry | PETROLEUM REFINING [2911] |
Insider Information
| Field | Value |
|---|---|
| Name | Marino Joseph Daniel |
| CIK | 0002090587 |
| Title/Position | SVP, Chief Financial Officer |
| Relationship | Officer |
Initial Holding Details
This is a Form 3/A, which reports the initial holdings of an insider. It is not a transactional form like a Form 4.
| Field | Value |
|---|---|
| Form Type | 3/A |
| Date of Event | 2025-10-01 |
| Security Type | Class A Common Stock |
| Shares Owned | 20,042 |
| Ownership Type | Direct |
| Derivative Holdings | Options for 4,033 shares |
Market Impact Analysis
Stock Impact Prediction
- Direction: Neutral
- Reasoning: Form 3 filings are procedural requirements for new insiders to disclose their initial ownership. They do not represent a buy or sell decision and therefore do not typically influence stock price. This amendment simply corrects the initial filing.
Volume & Sentiment
- Expected Volume Impact: Negligible. This type of filing does not drive trading volume.
- Sentiment Indicator: Neutral. The filing confirms the new CFO has 'skin in the game,' which is a standard expectation, but it doesn't signal any new insider sentiment.
Investment Insights
Positive Market Indicators
- Executive Alignment: The filing confirms the new CFO has a direct ownership stake, aligning their financial interests with those of shareholders from the outset.
Risk Factors
- No immediate risk factors are presented by this filing. It is a standard disclosure.
Key Takeaways
- Baseline Established: This filing establishes a baseline of 20,042 common shares and options for 4,033 shares for CFO Joseph Daniel Marino. Future Form 4 filings will be measured against this initial position.
- Informational, Not Transactional: It is critical to understand that this is not a purchase or sale. It is a statement of holdings as of the date the individual became subject to Section 16 reporting requirements.
- Standard Procedure: The appointment of a new officer and the subsequent filing of a Form 3 are normal course-of-business events for a publicly-traded company.
Contextual Analysis
Timing Significance
The filing date of October 9, 2025, follows the 'period of report' date of October 1, 2025, which is the date the insider status was triggered. This is a routine and timely disclosure.
Transaction Context
There is no transaction. The filing lists existing holdings. The non-derivative table shows direct ownership of 20,042 shares of Class A Common Stock. The derivative table shows vested employee stock options to buy 4,033 shares, granted on November 18, 2021, with an exercise price of $13.91.
Company Context
This filing should be viewed in the context of a leadership change within PBF Energy. The market will now have a benchmark to track the new CFO's future insider trading activity.
Risk Assessment
Risk Level: Low
Risk Factors
- This filing itself presents no direct investment risks.
Market Considerations
- Investors should monitor this insider for future Form 4 filings (buys or sells), which would provide more meaningful signals about their confidence in the company's prospects.
IMPORTANT DISCLAIMER: This analysis is for informational purposes only and is not intended as investment advice. The information presented is based on publicly available SEC filings and should not be construed as a recommendation to buy, sell, or hold any securities. Past performance does not guarantee future results. All investments carry risk, including the potential loss of principal. Please consult with a qualified financial advisor before making any investment decisions.
Analysis generated on 2025-10-09 | Data source: SEC EDGAR
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Important Disclaimer
This content is drawn from public SEC filings and may contain errors. It is for informational purposes only and is not investment, legal, or tax advice.
Nothing here is a recommendation to buy, sell, or hold any security. Do your own due diligence.