secwatch.observer — SEC 8-K summary
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Issuer:     PBF Energy Inc. (PBF)
CIK:        0001534504
Form:       8-K
Filed at:   2024-12-06T23:59:59+00:00
Accession:  0001534504-24-000042
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

PBF grants ~$15.8M in long-term equity and cash incentive awards to named executives for 2025-2027
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- Approximately $7.4M in restricted stock granted to CEO, Executive Chairman, and four other named executive officers.
- Additional $4.2M in performance share units and $4.2M in performance units, each tied to TSR ranking vs. peers.
- Grants under Amended 2017 Equity Incentive Plan with three-year performance period starting January 1, 2025.
- Payout ranges 0–200% based on TSR rank and percentile; negative TSR caps payout at 100%.
- Vesting generally on December 31, 2027, with accelerated vesting on change in control, death, or disability.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1534504/000153450424000042/0001534504-24-000042-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1534504/000153450424000042/pbf-20241202.htm
  HTML page:      https://secwatch.observer/filing/0001534504-24-000042

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