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Parsippany Today
By the People, for the People
PBF Energy SVP Sells Nearly $3.15M in Shares
Trecia Canty offloads over 62,000 shares of the refining company's stock
Mar. 29, 2026 at 8:04am
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PBF Energy Inc. (NYSE:PBF) Senior Vice President Trecia Canty sold 62,999 shares of the company's stock on Tuesday, March 24th. The shares were sold at an average price of $50.00, resulting in a total transaction of $3,149,950. Following the sale, Canty now directly owns 191,779 shares of the company's stock, valued at $9,588,950.
Why it matters
This insider sale represents a significant reduction in Canty's ownership stake in PBF Energy, which could signal a shift in the company's leadership or future strategic direction. Insider transactions are closely watched by investors as they can provide insights into a company's prospects.
The details
Canty's sale of 62,999 shares represents a 24.73% decrease in her direct ownership of PBF Energy stock. The shares were sold at an average price of $50.00, resulting in gross proceeds of $3,149,950. PBF Energy is an independent petroleum refiner with five refineries located across the U.S. Gulf Coast, East Coast, and Pacific Northwest, with a combined crude oil processing capacity of approximately 900,000 barrels per day.
- The share sale transaction occurred on Tuesday, March 24th, 2026.
The players
Trecia Canty
Senior Vice President at PBF Energy Inc.
PBF Energy Inc.
An independent petroleum refining company with five refineries across the U.S.
What’s next
Investors will likely continue to monitor PBF Energy's stock performance and any further insider trading activity, as Canty's sale could signal a shift in the company's outlook.
The takeaway
This insider transaction highlights the importance of tracking leadership changes and ownership shifts at publicly traded companies, as they can provide valuable insights into a firm's future direction and potential risks or opportunities for investors.
