secwatch.observer — SEC 8-K summary
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Issuer:     PBF Energy Inc. (PBF)
CIK:        0001534504
Form:       8-K
Filed at:   2023-11-02T23:59:59+00:00
Accession:  0001534504-23-000055
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

PBF grants long-term incentive awards to NEOs for 2024-2026 cycle
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- Awards include restricted stock, performance share units, and cash performance units vesting Dec 31, 2026.
- CEO Matthew Lucey receives 67,992 restricted shares, 41,927 PSUs, and 3,984,440 cash units.
- Executive Chairman Thomas Nimbley receives 52,172 restricted shares, 32,171 PSUs, and 3,057,381 cash units.
- Payouts range 0-200% based on TSR ranking vs. peer group over three-year period.
- Awards made under Amended and Restated 2017 Equity Incentive Plan.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1534504/000153450423000055/0001534504-23-000055-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1534504/000153450423000055/pbf-20231027.htm
  HTML page:      https://secwatch.observer/filing/0001534504-23-000055

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer