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STOCK-BASED COMPENSATION (Tables) | 12 Months Ended
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Dec. 31, 2024
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] |
Schedule of stock-based compensation expense | Stock-based compensation expense included in general and administrative expenses consisted of the following:
|  | Years Ended December 31,
(in millions) |  | 2024 |  | 2023 |  | 2022
PBF Energy options |  | $ | 4.5 |  |  | $ | 11.9 |  |  | $ | 19.1 |
PBF Energy restricted shares |  | 21.7 |  |  | 17.9 |  |  | 11.6 |
PBF Energy performance awards |  | 18.1 |  |  | 21.7 |  |  | 13.4 |
PBFX phantom units |  | — |  |  | — |  |  | 10.2 |
|  | $ | 44.3 |  |  | $ | 51.5 |  |  | $ | 54.3 |
Schedule of Share-Based Payment Awards, Performance Awards, Valuation Assumptions | The grant date fair value was calculated using a Monte Carlo valuation model with the following assumptions:
|  | December 31, 2024 |  | December 31, 2023 |  | December 31, 2022
Expected life (in years) |  | 2.82 - 3.04 |  | 2.86 - 3.18 |  | 3.08
Expected volatility |  | 53.66% - 56.02% |  | 56.68% - 59.98% |  | 65.16%
Dividend yield |  | 2.07% - 3.93% |  | 1.73% - 1.80% |  | 2.18%
Risk-free rate of return |  | 4.17% - 4.35% |  | 4.40% - 4.75% |  | 3.90%
Weighted average grant-date fair value per PSU |  | $ | 34.04 |  |  | $ | 56.35 |  |  | $ | 45.91 |
PBF Energy | Employee Stock Option |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] |
Summary of Share-based compensation activity | The following table summarizes activity for PBF Energy options for 2024:
|  | Number of PBF Energy Class A Common Stock Options |  | Weighted Average Exercise Price |  | Weighted Average Remaining Contractual Life (in years)
Stock-based awards, outstanding at January 1, 2024 |  | 7,453,454 |  |  | $ | 23.98 |  |  | 5.26
Exercised |  | (1,004,884) |  |  | 21.69 |  |  | — |
Forfeited |  | (17,695) |  |  | 15.37 |  |  | — |
Outstanding at December 31, 2024 |  | 6,430,875 |  |  | $ | 24.36 |  |  | 4.18
Exercisable and vested at December 31, 2024 |  | 6,426,041 |  |  | $ | 24.35 |  |  | 4.18
Total expected to vest as of December 31, 2024 |  | 4,834 |  |  | $ | 28.81 |  |  | 7.44
PBF Energy | Restricted Stock |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] |
Summary of Share-based compensation activity | The following table summarizes activity for PBF Energy restricted stock:
|  | Number of PBF Energy Restricted Class A Common Stock |  | Weighted Average Grant Date Fair Value
Nonvested at January 1, 2024 |  | 1,052,506 |  |  | $ | 41.43 |
Granted |  | 1,350,576 |  |  | 28.60 |
Vested |  | (460,294) |  |  | 40.01 |
Forfeited |  | (18,893) |  |  | 41.81 |
Nonvested at December 31, 2024 |  | 1,923,895 |  |  | $ | 32.60 |
Unrecognized compensation expense related to PBF Energy Restricted Class A common stock at December 31, 2024 was $38.9 million, which will be recognized from 2025 through 2027. The following table reflects activity related to our restricted stock:
|  | December 31, 2024 |  | December 31, 2023 |  | December 31, 2022
Weighted-average grant-date fair value per share of restricted stock granted |  | $ | 28.60 |  |  | $ | 44.90 |  |  | $ | 35.73 |
Fair value of restricted stock vested (in millions) |  | $ | 15.5 |  |  | $ | 11.2 |  |  | $ | 3.3 |
PBF Energy | Performance share units |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] |
Summary of Share-based compensation activity | The following table summarizes activity for PBF Energy performance share awards:
|  | Number of PBF Energy Performance Share Units (“PSU”) |  | Weighted Average Grant Date Fair Value
Nonvested at January 1, 2024 |  | 631,443 |  |  | $ | 38.48 |
Granted |  | 253,223 |  |  | 34.04 |
Vested |  | (246,862) |  |  | 18.73 |
Forfeited |  | (25,394) |  |  | 49.78 |
Nonvested at December 31, 2024 |  | 612,410 |  |  | $ | 44.14 |
PBF Energy | Performance Units |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] |
Summary of Share-based compensation activity | The following table summarizes activity for PBF Energy performance unit awards:
|  | Number of PBF Energy Performance Units
Nonvested at January 1, 2024 |  | 43,557,161 |
Granted |  | 14,274,646 |
Vested |  | (2,194,890) |
Forfeited |  | (9,632,887) |
Nonvested at December 31, 2024 |  | 46,004,030 |

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