Matthew C. Lucey, Chief Executive Officer of $PBF Energy Inc. ($PBF)**, sold a combined 225,473 shares of company stock on August 3, 2026, across two open-market transactions totaling approximately $16.2 million, according to a Form 4 filed with the Securities and Exchange Commission.
The first transaction, recorded under accession number 0001193125-26-333061, involved 120,000 shares at a weighted average price of $71.62 per share, generating roughly $8.6 million. The second transaction of the day covered 105,473 shares at $72.25 per share, producing approximately $7.6 million. Both sales were executed as open-market transactions on the same date. Following the trades, Lucey held 495,771 shares of $PBF Energy directly.
The Form 4 was submitted on August 4, 2026, one day after both transactions.
Lucey's dispositions occurred amid a broader series of insider sales on the $PBF ticker. Control Empresarial de Capitales S.A. de C.V., an entity holding greater than 10% of $PBF Energy's outstanding shares, executed five open-market sales during July 2026. On July 6, the entity sold 150,000 shares at $49.52 per share alongside an additional 50,000 shares at $48.00 per share. On July 20, it sold 120,000 shares at $64.35 per share and 100,000 shares at $63.50 per share. A fifth transaction of 10,000 shares at $67.02 per share was recorded on July 22. Across those five trades, Control Empresarial de Capitales disposed of 430,000 shares for an aggregate value of approximately $24.6 million. When combined with Lucey's August sales, insiders at $PBF Energy reported open-market dispositions totaling approximately $40.8 million since the start of July 2026.
$PBF Energy operates in the petroleum refining and logistics industry and is classified within the Energy sector. The company's stock closed at $67.91 on August 3, the day of Lucey's sales. $PBF had moved considerably in the preceding sessions: the stock rose from a close of $61.00 on July 28 to $73.10 on July 30, before retracing to $72.28 on July 31 and then to $67.91 at the August 3 close. Lucey's trades were executed at prices of $71.62 and $72.25, near the upper end of that range.
The two August 3 transactions represent the only Form 4 filings associated with Lucey in the SEC's EDGAR system, marking his first reported open-market transactions as a corporate insider. No member of Congress has disclosed a trade in $PBF Energy common stock since 2020, when Representative Lois Frankel reported a sale of the stock in October of that year.