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. Before that, he was PBF’s first Chief Financial Officer, showcasing his keen understanding of corporate finance. Lucey began his career in banking and later transitioned to private equity, focusing on energy investments. He combines his financial expertise with extensive operational experience in the energy industry, positioning PBF for growth in a competitive marketplace. Lucey earned a total compensation of about $12.2 million in 2023, which includes a salary of $990,000 and significant performance-based bonuses tied to company metrics. His leadership transition comes at a time of expanding opportunities for PBF Energy, especially as the company refines strategies for sustainable growth. Fun fact: Lucey's insider trading activity shows a peak holding value of $17.1 million in recent trades, highlighting his significant financial commitment to the success of PBF Energy.

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Matthew Lucey

CEO of PBF Energy

Education

Not specified

Field of Expertise

Finance & Banking - Finance

Sector of Economy

Energy

Born

January 1, 1974 - 51 years ago

CEO of PBF Energy for

1 year 9 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.

Rivals

Competitors/colleagues of Matthew Lucey

R. Lane Riggs

CEO of Valero Energy

2023 Compensation

Stock

$0.00

Salary

$1.43M

Bonus

$3.35M

Other

$179.80K

Total Holdings

$46.73M

Darren W. Woods

CEO of Exxon Mobil

2023 Compensation

Stock

$23.20M

Salary

$1.88M

Bonus

$4.79M

Other

$5.92M

Total Holdings

$204.10M

Mark E. Lashier

CEO of Phillips 66

2023 Compensation

Stock

$14.20M

Salary

$1.58M

Bonus

$4.04M

Other

$755.06K

Total Holdings

$12.06M

Kaes Van't Hof

CEO of Diamondback Energy

2023 Compensation

Stock

$450.00K

Salary

$950.00K

Bonus

$300.00K

Other

$50.00K

Total Holdings

$16.35M

Avigal Soreq

CEO of Delek US Holdings

2023 Compensation

Stock

$0.00

Salary

$900.00K

Bonus

$1.95M

Other

$152.10K

Total Holdings

$4.92M

David L. Lamp

CEO of CVR Energy

2022 Compensation

Stock

$0.00

Salary

$1.10M

Bonus

$0.00

Other

$26.31K

Total Holdings

$1.85M

Holdings

See how much did Matthew Lucey make over time.

Matthew Lucey has had notable fluctuations in his insider stock holdings with PBF Energy. Over the years, he saw value spike to as high as $11 million in November 2023 and peak at $17.1 million in April 2024. These substantial figures indicate his strong belief in the company's future. In 2023, his holding values remained impressive, hovering around $9 million to $10 million each month, reflecting a consistent commitment to PBF Energy. This insider data shows how Lucey navigates the stocks, especially through the volatile periods of the energy market. Watching his holdings closely could provide insights into PBF’s strategic directions and investor confidence as the company continues to evolve.

Mar 18, 2025

PBF @ $21.69

Charitable Transactions

PBF

7,000 shares

PBF

Recent Charitable Transactions

PBF

7,000 shares

PBF

Dec 19, 2023

Charity

Insider Trading

See recent insider trades of Matthew Lucey.

PBF

83,854 shares

PBF

Dec 16, 2024

Received

PBF

75,895 shares

PBF

Feb 14, 2024

Received

PBF

7,000 shares

PBF

Dec 19, 2023

Charity

PBF

67,992 shares

PBF

Oct 27, 2023

Received

PBF

27,706 shares

PBF

Dec 2, 2022

Received

PBF

24,073 shares

PBF

Nov 30, 2022

Received

PBF

14,835 shares

PBF

Feb 14, 2022

Received

PBF

14,416 shares

PBF

Mar 1, 2021

Received

PBF

55,000 shares

PBF

Oct 30, 2017

Received

PBF

55,000 shares

PBF

Oct 25, 2016

Received

Compensation History

See how much did Matthew Lucey make over time.

In 2023, Matthew Lucey's total compensation was approximately $12.2 million. This includes a base salary of $990,000, reflecting his role as CEO. His bonus was notably high at around $2.8 million, tied to performance metrics such as Adjusted EBITDA and ESG goals, showcasing his strong focus on aligning company performance with shareholder interests. Additionally, Lucey had vested stock worth nearly $2.99 million, which he will receive in installments over the next few years. Other benefits including retirement matching and medical benefits round out his compensation package, positioning him competitively within the industry. The pay structure emphasizes performance, illustrating the company’s commitment to rewarding results and incentivizing growth in alignment with shareholder values.

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.

Other PBF Energy CEOs

Here are other CEOs of PBF Energy

Thomas Nimbley

Ex-CEO of PBF Energy

December 2012 - July 2023