8-K: PBF Energy CEO Lucey Receives $8,484,700 Long-Term Incentive Award

What changed

The Compensation Committee approved 2026 long-term incentive awards effective October 27, 2026, granting CEO and President Matthew C. Lucey $8,484,700. CFO Joseph Marino, SVP Supply, Trading and Optimization T. Paul Davis, and SVP, General Counsel & Secretary Trecia Canty each received $2,500,000. Awards are allocated 40% to restricted Class A common stock vesting in equal installments over three years, 30% to performance share units, and 30% to cash-settled performance units, with performance awards tied to TSR over the January 1, 2027 through December 31, 2029 period and payout ranging from zero to 200 percent of target.

Why it matters