PBF ENERGY INC. (NYSE:PBF) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(e) Compensatory Arrangements of Certain Officers.
On October 25, 2017, the Compensation Committee of the Board of Directors of PBF Energy Inc. (the “Company”) approved equity awards effective as of October 30, 2017, under the Company’s 2017 Equity Incentive Plan to the Company’s named executive officers, as follows:
|
Named Executive Officers & Title |
Class A Common Stock Options |
Restricted Class A Common Stock |
|
Thomas J. Nimbley, Chairman of the Board and Chief Executive Officer |
200,000 |
80,000 |
|
Matthew C. Lucey, President |
120,000 |
55,000 |
|
Erik Young, Senior Vice President and Chief Financial Officer |
110,000 |
52,500 |
|
Thomas O'Connor, SVP-Commercial |
100,000 |
50,000 |
|
Jeffrey Dill, Senior Vice President |
65,000 |
15,000 |
Each of the awards will vest in four equal annual installments commencing on the first anniversary of the date of grant, subject to acceleration under certain circumstances set forth in the applicable award agreement, the form of which agreements are attached as Exhibits 10.1 and 10.2 to this Form 8-K.
|
Item 9.01 |
Financial Statements and Exhibits |
|
Form of 2017 Equity Incentive Plan Restricted Stock Agreement |
|
|
Form of 2017 Equity Incentive Plan Non-Qualified Stock Agreement |
PBF Energy Inc. ExhibitEX-10.1 2 ex101formofrestrictedstock.htm EXHIBIT 10.1 Exhibit Exhibit 10.1PBF ENERGY INC.2017 EQUITY INCENTIVE PLANRESTRICTED STOCK AGREEMENT FOR EMPLOYEE THIS AGREEMENT (the “Agreement”),…To view the full exhibit click here
About PBF ENERGY INC. (NYSE:PBF)
PBF Energy Inc. (PBF Energy) is a holding company. The Company is an independent petroleum refiner and supplier of unbranded transportation fuels, heating oil, petrochemical feedstocks, lubricants and other petroleum products in the United States. The Company operates through two segments: Refining and Logistics. The Refining segment produces a range of products at each of its refineries, including gasoline, ultra-low-sulfur diesel (ULSD), heating oil, jet fuel, lubricants, petrochemicals and asphalt. The Logistics segment includes PBF Logistics LP (PBFX), which engages in the receiving, handling and transferring of crude oil and the receipt, storage and delivery of crude oil, refined products and intermediates. It sells its products throughout the Northeast, Midwest and Gulf Coast of the United States, as well as in other regions of the United States and Canada, and ships products to other international destinations.