The sheer dollar volume of CEO and director selling (~0.6% of market cap in one day) is a bearish signal, but PBF's historical pattern shows insider clusters have not been reliable predictors. Monitor for any upcoming 8-K (earnings, guidance cut, or restructuring) that could explain the concentrated selling. The stock's recent ~10% decline suggests the market may already be pricing in headwinds.
Price Chart
Executive Summary
A large insider selling cluster at PBF Energy saw CEO Matthew Lucey, Director Thomas Nimbley, and SVP Wendy Ho Tai collectively sell ~$51M in open-market shares on August 3, 2026, following option exercises. While much of the selling is tied to routine option exercises and tax withholding, the sheer dollar volume (~0.6% of market cap) concentrated in a single day by the CEO and a director is notable.
Key Financial Metrics
Key Facts
- CEO Matthew Lucey sold 225,473 open-market shares on Aug 3 for ~$16.2M after exercising options.
- Director Thomas Nimbley sold 468,139 open-market shares on Aug 3 for ~$32.6M after exercising options.
- SVP Wendy Ho Tai sold 28,959 open-market shares on Aug 3 for ~$2.1M after exercising options.
- Total open-market selling on Aug 3 alone: ~$50.9M, or ~0.6% of PBF's $8.0B market cap.
- A 10% owner (Control Empresarial de Capitales) also sold 171,912 shares on Jul 30 for ~$12.2M.
- The cluster is concentrated in a single day (Aug 3) and follows a month where PBF stock fell ~10%.
Financial Impact
~$63M in total open-market selling (0.8% of market cap) from CEO, director, SVP, and a 10% owner within a 5-day window.
Risk Factors
- CEO and director selling may signal deteriorating fundamentals or a negative outlook on refining margins.
- The cluster is heavily tied to option exercises, which are often pre-planned, reducing the informational content.
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-1785877276765 |
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