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STOCK-BASED COMPENSATION (Tables)
 12 Months Ended
Dec. 31, 2021
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)202120202019
PBF Energy options$17.3 $16.1 $15.8 
PBF Energy restricted shares 2.8 5.3 6.5 
PBF Energy performance awards10.2 7.9 8.2 
$30.3 $29.3 $30.5 
Weighted average assumptions
 December 31, 2021December 31, 2020December 31, 2019
Expected life (in years)6.006.086.25
Expected volatility83.8 %69.1 %38.6 %
Dividend yield0.00 %1.41 %3.54 %
Risk-free rate of return1.37 %0.81 %2.16 %
Exercise price$13.91 $13.58 $34.11 
Weighted average fair value per option granted$9.84 $5.49 $9.43 
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, 2021December 31, 2020December 31, 2019
Expected life (in years)3.12
2.89 - 3.14
 2.17 - 2.88
Expected volatility83.78 %
39.88% - 82.63%
37.19% - 41.70%
Dividend yield0.00 %
0.00% - 4.28%
3.40% - 3.67%
Risk-free rate of return0.87 %
0.26% - 1.34%
1.66% - 2.51%
Weighted average grant-date fair value per PSU$18.73 $10.77 $27.99
Employee Stock Option [Member]  
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 2021:
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, 202113,790,777 $25.69 7.12
Granted1,700,621 13.91 10.00
Exercised(52,400)6.72 — 
Forfeited(389,239)23.70 — 
Outstanding at December 31, 202115,049,759 $24.48 6.51
Exercisable and vested at December 31, 20219,397,483 $27.72 5.26
Expected to vest at December 31, 202115,049,759 $24.48 6.51
Restricted Stock [Member]  
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, 2021303,555 $22.32 
Granted81,840 16.13 
Vested(229,462)24.34 
Forfeited(246)24.18 
Nonvested at December 31, 2021155,687 $16.09 
Unrecognized compensation expense related to PBF Energy Restricted Class A common stock at December 31, 2021 was $0.1 million, which will be recognized from 2022 through 2023.
The following table reflects activity related to our restricted stock:
December 31, 2021December 31, 2020December 31, 2019
Weighted-average grant-date fair value per share of restricted stock granted$16.13 $9.82 $28.20 
Fair value of restricted stock vested (in millions)$3.1 $4.2 $11.6 
Performance share units [Member]  
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 (“PSUs”)		Weighted Average
Grant Date
Fair Value
Nonvested at January 1, 2021623,160 $15.62 
Granted301,965 18.73 
Vested(179,600)27.85 
Nonvested at December 31, 2021745,525 $13.93 
Performance Units [Member]  
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, 202116,071,745 
Granted11,782,926 
Vested(7,676,658)
Nonvested at December 31, 202120,178,013