secwatch.observer — SEC 8-K summary
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Issuer:     PBF Energy Inc. (PBF)
CIK:        0001534504
Form:       8-K
Filed at:   2025-10-27T23:59:59+00:00
Accession:  0001534504-25-000056
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

PBF Energy approves long-term incentive grants to named executives; CEO Lucey gets $5.8M total
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- CEO Matthew Lucey: $2.3M restricted stock, $1.73M PSUs, $1.73M performance units; total ~$5.8M.
- Other NEOs (Marino, Davis, Canty, Bukowski) each get ~$1.0M restricted stock and ~$0.75M each PSUs and performance units.
- Grants under 2025 Equity Incentive Plan; performance period Jan 1, 2026 – Dec 31, 2028.
- PSUs and performance units vest based on TSR ranking vs. peer group; payout 0% to 200% of target.
- Grants approved Oct 21, 2025; grant date Oct 28, 2025.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1534504/000153450425000056/0001534504-25-000056-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1534504/000153450425000056/pbf-20251021.htm
  HTML page:      https://secwatch.observer/filing/0001534504-25-000056

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