Thomas J. Nimbley, an insider at PBF Energy Inc. (PBF), sold 200,000 shares of the company's stock on March 3, 2026. The transaction, valued at approximately $8.01 million, occurred at an average price of $40.07 per share.
This sale follows a pattern of insider selling activity observed at PBF Energy in recent weeks. Other notable transactions include sales by Control Empresarial de Capitales S.A. de C.V., which disposed of shares totaling several million dollars across multiple dates in February and early March.
Insider sales can be motivated by a variety of factors, such as portfolio diversification or tax planning, and do not inherently signal a negative view of the company's prospects.