Davis Karen Berriman 4

What Happened Karen Berriman, a director of PBF Energy (PBF), delivered/withheld 3,441 shares on 2026-02-21 to satisfy a tax liability related to an option exercise. The shares were valued at $34.38 each, for a total of approximately $118,302. This was recorded with transaction code F (payment of exercise price or tax liability), meaning the shares were used to cover taxes rather than sold on the open market.

Key Details

• Transaction date: 2026-02-21
• Price per share: $34.38; Shares: 3,441; Total value: ~$118,302
• Transaction type/code: F — payment of exercise price or tax withholding (shares disposed/withheld)
• Filing date: 2026-02-24 (appears to be filed within the normal Form 4 reporting window)
• Shares owned after the transaction: not provided in the information supplied here — check the full Form 4 for post-transaction holdings and any related footnotes

Context Code F transactions commonly arise when an insider exercises stock options and elects to have shares withheld (a cashless method) to cover taxes or exercise costs. These withholding disposals are routine administrative actions and do not necessarily indicate the insider’s view of the company’s outlook. Retail investors who want the full picture should review the complete Form 4 for details about the underlying option exercise, total holdings after the transaction, and any footnotes.