The breadth and dollar magnitude of this insider selling cluster (CEO, CFO, GC, HR head, director, and 10% owner all selling within days) is a strong bearish signal. The 10% owner's participation alongside the C-suite is particularly concerning — it suggests the selling is not just liquidity-driven but reflects a shared negative outlook. Monitor for any guidance pre-announcement or analyst downgrades in the coming weeks.
Price Chart
Executive Summary
A massive insider selling cluster at PBF Energy: 7 insiders (including the CEO, CFO, SVP/GC, SVP/HR, a director, and a 10% owner) sold a combined ~$38.1M in open-market transactions over a 7-day window. The CEO alone sold $10.5M, and the director Thomas Nimbley sold $28.4M across multiple days after exercising options. This is the largest insider selling cluster at PBF in the past 30 days, representing ~0.43% of market cap, and follows a period of weak stock performance and bearish analyst consensus (only 5% bullish). The selling is broad-based across seniority levels and is not explained by a single 10b5-1 plan, given the concentrated timing and multiple insiders participating simultaneously. This cluster signals a coordinated bearish view from management and a major 10% owner, likely reflecting expectations of deteriorating refining margins or a peak in the cycle.
Key Financial Metrics
Key Facts
- 7 insiders sold a total of ~$38.1M in open-market sales over 7 days (Aug 10-17, 2026)
- CEO Matthew Lucey sold $10.5M (142,364 shares at $73.50) on Aug 14
- Director Thomas Nimbley sold $28.4M across multiple days (Aug 14, 17, 18, 19) after exercising options at $6.72-$13.91
- 10% owner Control Empresarial de Capitales S.A. de C.V. sold $9.4M (126,356 shares) on Aug 14 and 17
- CFO Joseph Marino sold $279K (4,000 shares at $69.15) on Aug 11
- SVP/GC Trecia Canty sold $5.56M (75,000 shares at $74.10) on Aug 14
- SVP/HR Wendy Ho Tai sold $894K (12,094 shares at $73.95) on Aug 14
- SVP Paul Davis sold $4.46M (63,300 shares at $70.40) on Aug 12
- Total selling represents ~0.43% of PBF's $8.9B market cap
- Analyst consensus is heavily bearish: 5% bullish, 11 Hold, 9 Sell/Strong Sell
- Prior 30-day insider activity: 4 sells totaling $34.4M — this cluster more than doubles that volume
Financial Impact
~$38.1M in insider open-market sales over 7 days, representing 0.43% of market cap
Risk Factors
- Insider selling could be pre-planned 10b5-1 plans, though the cluster's breadth and CEO/10% owner participation reduce this likelihood
- Refining margins could rebound on supply disruptions, making the sell timing look opportunistic rather than informational
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-1787196780634 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 5, 2026 20d ago | SC 13G/A | $84.16 | awaiting T+60 | — | $81.45 (−3.22%) |
Sep 28, 2026 27d ago | Press Release | $75.23 | awaiting T+60 | — | $81.45 (+8.27%) |
Aug 19, 2026 9w ago | Insider Cluster | $69.56 | awaiting T+60 | — | $81.45 (−17.09%) |
Aug 19, 2026 9w ago | Insider Cluster | $69.56 | awaiting T+60 | — | $81.45 (−17.09%) |
Aug 17, 2026 9w ago | Insider Cluster | $75.20 | awaiting T+60 | — | $81.45 (−8.31%) |
Aug 17, 2026 9w ago | Insider Cluster | $75.20 | awaiting T+60 | — | $81.45 (−8.31%) |
Aug 14, 2026 10w ago | Insider Cluster | $75.07 | awaiting T+60 | — | $81.45 (+8.50%) |
Aug 13, 2026 10w ago | Insider Cluster | $71.85 | awaiting T+60 | — | $81.45 (−13.36%) |
Aug 5, 2026 11w ago | Insider Cluster | $61.17 | awaiting T+60 | — | $81.45 (−33.15%) |
Aug 4, 2026 11w ago | Insider Cluster | $61.17 | awaiting T+60 | — | $81.45 (−33.15%) |
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