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...

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 the significant impacts of COVID-19. Under his leadership, PBF has focused on adding value through operational efficiency and strategic decision-making. In 2023, he transitioned to the role of Executive Chairman, allowing the company to bring in new leadership while maintaining his strategic influence. Interestingly, Nimbley was awarded a base salary of $1.5 million with bonus potential tied to performance metrics, reflecting a strong emphasis on aligning executive pay with company performance. His tenure has seen fluctuations in his compensation, but he has consistently led PBF through financial ups and downs. He also actively engaged in insider trading, with substantial trading values recorded in the millions, showcasing a personal investment in the company’s success.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other PBF Energy CEOs

P

Thomas Nimbley

Ex-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

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.

Rivals

Competitors/colleagues of Thomas Nimbley

V

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

E

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

P

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

D

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

D

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

C

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 Thomas Nimbley make over time.

Thomas Nimbley’s insider trading activities have been notable. At one point, he reported trades valued at over $30 million in a single month in 2023. His holding patterns indicate confidence in PBF’s trajectory, with his wealth fluctuating primarily based on...

Thomas Nimbley’s insider trading activities have been notable. At one point, he reported trades valued at over $30 million in a single month in 2023. His holding patterns indicate confidence in PBF’s trajectory, with his wealth fluctuating primarily based on the company’s stock performance. For example, in September 2023, he reported $30.65 million in involved trades, showcasing a robust investment strategy. Over the years, he has seen significant trades, including values down to $2.36 million during market corrections in early 2021. This pattern of active trading aligns with his role as a leader, directly influenced by the company's performance metrics and market conditions. Nimbley’s financial activities echo a commitment to PBF, reflecting a deep understanding of market forces at play.

Insider Trading

See recent insider trades of Thomas Nimbley.

PBF

66,451 shares

PBF

Dec 16, 2024

Received

PBF

181,793 shares

PBF

Feb 14, 2024

Received

PBF

52,172 shares

PBF

Oct 27, 2023

Received

PBF

64,164 shares

PBF

Dec 2, 2022

Received

PBF

51,802 shares

PBF

Nov 30, 2022

Received

PBF

36,575 shares

PBF

Feb 14, 2022

Received

PBF

31,719 shares

PBF

Mar 1, 2021

Received

PBF

$296.20K

PBF at $5.92/share

Sep 28, 2020

Purchase

PBF

$950.40K

PBF at $23.76/share

Jun 14, 2019

Purchase

PBF

$750.75K

PBF at $30.03/share

Mar 11, 2019

Purchase

Compensation History

See how much did Thomas Nimbley make over time.

In 2023, Thomas Nimbley's total compensation stood at approximately $11.78 million, including a base salary of $1.35 million and a substantial cash bonus of nearly $3.86 million, reflecting his performance-driven approach. His compensation package included vested stock worth about $6 million based on performance metrics, aligning his rewards with the company’s success. The structure emphasizes cash incentives tied to Adjusted EBITDA and environmental goals, showcasing the company’s focus on sustainability alongside profit. Over the years, his compensation fluctuated, peaking at $13.1 million in 2022, highlighting the volatile nature of the industry. In 2021, due to the pandemic's impact, his pay dropped significantly to $1.4 million, but he managed to rebound quickly as the company's fortunes improved. This adaptability in compensation reflects the challenges faced in the refining sector and his strategic response to them.

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.

Other PBF Energy CEOs

Here are other CEOs of PBF Energy

Matthew Lucey

CEO of PBF Energy

July 2023 - Present