PBF Energy grants CEO Matthew Lucey $8.48 million long-term incentive award
PBF•PBF Energy granted CEO Matthew C. Lucey $8.48 million in long-term incentive awards effective Oct. 27, 2026. Joseph Marino, T. Paul Davis and Trecia Canty each received awards worth $2.5 million.
1. Award structure
The awards comprise 40% restricted Class A common stock, 30% performance share units payable in shares and 30% performance units payable in cash. Performance awards can pay 0% to 200% based on total shareholder return from Jan. 1, 2027, through Dec. 31, 2029. Restricted stock vests in equal installments over three years, while the performance units vest on Dec. 31, 2029.
