Thomas Nimbley is the former CEO and current Executive Chairman of PBF Energy, a major player in the refining industry. He has been with the company since its initial public offering in 2012, steering it through various market challenges, including...

Number of Employees

3.78K

Year

2023

Total Compensation

$12.14M

Salary

$1.35M

Board Justification

The compensation philosophy emphasizes performance-based pay, aligning executive compensation with company performance and shareholder interests.

Bonus

$3.86M

Board Justification

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

Other

$921.02K

Board Justification

Other compensation includes retirement plan contributions and other benefits.

Restricted Stock

$6.01M(6.01M Restricted Stock and Performance Share Units)

Board Justification

The vested stock includes restricted stock and performance share units that vested in 2023, reflecting the company's performance over the vesting period.

Performance Metrics

Performance metrics include Adjusted EBITDA and ESG metrics for cash bonuses, and Total Shareholder Return (TSR) for long-term incentives.

SEC Filing

From March 15, 2024

Thomas Nimbley

Ex-CEO of PBF Energy

TN

Education

Not specified

Field of Expertise

Finance & Banking - Finance

Born

January 1, 1974 - 51 years ago

Is Founder?

No

Tenure

10 years 6 months (Dec 2012 - Jul 2023)

Previous Experience

President of PBF Energy 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.