Matthew Lucey, CEO of PBF Energy, is a seasoned executive with deep roots in finance and energy sectors. He took over as CEO on July 1, 2023, after serving as President since 2015, where he spearheaded the company’s strategic initiatives....

Number of Employees

3.78K

Year

2023

Total Compensation

$7.36M

Salary

$990.00K

Board Justification

The compensation philosophy emphasizes pay-for-performance, aligning executive compensation with stockholder interests, and ensuring competitive compensation to attract and retain talent.

Bonus

$2.83M

Board Justification

The bonus is based on performance metrics including Adjusted EBITDA and ESG metrics, with a target opportunity of 150% of base salary.

Other

$556.35K

Board Justification

Includes various benefits such as 401(k) matching contributions, medical benefits, and other standard benefits.

Restricted Stock

$2.99M(67.99K Restricted Stock)

Board Justification

Restricted stock that vests in three equal installments beginning on the first anniversary of the grant date.

Performance Metrics

Performance metrics include Adjusted EBITDA and ESG metrics, which are critical for determining annual cash bonuses.

SEC Filing

From March 15, 2024

Matthew Lucey

CEO of PBF Energy

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Education

Not specified

Field of Expertise

Finance & Banking - Finance

Born

January 1, 1974 - 51 years ago

Is Founder?

No

Current Tenure

1 year 6 months (Jul 2023 - Present)

Previous Experience

President of the Company since 2015, first Chief Financial Officer until 2014, Executive Vice President, worked in private equity specializing in energy from 2001 to 2008, six years in banking.