The cluster is largely mechanical from option vesting/liquidity — not a strong bearish signal. If PBF has an upcoming earnings release in the next 30 days, the clustering around the vesting date is coincidental. Focus on refinery margin evolution and the next 10-Q (due Nov 2026) for fundamental direction.
Price Chart
Executive Summary
A cluster of five PBF insiders sold a combined $42.79M in open-market transactions over a 5-day window. The sales include a 10% owner (Control Empresarial de Capitales at $18.1M), a director (Nimbley at $17.6M), and two senior VPs (Davis at $4.5M, Canty at $9.9M). The aggregated open-market sales equal roughly 0.49% of PBF's $8.8B market cap, near the threshold for a 'modest' signal. While the dollar amount is notable, the pattern is consistent with post-vesting liquidity diversification rather than a bearish information signal: many sales follow option exercises that occurred on the same dates, and no single insider sold a large proportion of their beneficial holdings relative to total shares outstanding.
Key Financial Metrics
Key Facts
- Cluster of 5 insiders sold $42.79M in open-market sales over 5 days (Aug 7–12, 2026)
- Largest sellers: Director Nimbley ($17.6M), 10% owner Control Empresarial ($18.1M total across two days), SVP Canty ($9.9M), SVP Davis ($4.5M), CFO Marino ($279K)
- Total open-market dollar value equals ~0.49% of PBF's $8.8B market cap
- All sales followed or coincided with option exercises at low strike prices ($0.00–$40.65), indicating equity vesting/expiration mechanics
- No open-market purchases were made by any insider during this window
Financial Impact
$42.79M in open-market insider selling, or ~0.49% of $8.8B market cap
Risk Factors
- Refining margin compression (mid-cycle earnings risk for PBF not captured in insider trades here)
- 10% owner Control Empresarial exiting a larger position in future quarters
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-PBF-1786745156563 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 5, 2026 22d ago | SC 13G/A | $84.16 | awaiting T+60 | — | $73.63 (−12.51%) |
Sep 28, 2026 29d ago | Press Release | $75.23 | awaiting T+60 | — | $73.63 (−2.13%) |
Aug 19, 2026 9w ago | Insider Cluster | $69.56 | awaiting T+60 | — | $73.63 (−5.85%) |
Aug 19, 2026 9w ago | Insider Cluster | $69.56 | awaiting T+60 | — | $73.63 (−5.85%) |
Aug 17, 2026 10w ago | Insider Cluster | $75.20 | awaiting T+60 | — | $73.63 (+2.09%) |
Aug 17, 2026 10w ago | Insider Cluster | $75.20 | awaiting T+60 | — | $73.63 (+2.09%) |
Aug 14, 2026 10w ago | Insider Cluster | $75.07 | awaiting T+60 | — | $73.63 (−1.92%) |
Aug 13, 2026 10w ago | Insider Cluster | $71.85 | awaiting T+60 | — | $73.63 (−2.48%) |
Aug 5, 2026 11w ago | Insider Cluster | $61.17 | awaiting T+60 | — | $73.63 (−20.37%) |
Aug 4, 2026 12w ago | Insider Cluster | $61.17 | awaiting T+60 | — | $73.63 (−20.37%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers