Control Empresarial de Capitales S.A. de C.V. 4
4 · PBF Energy Inc. · Filed Mar 18, 2026
Research Summary
AI-generated summary of this filing
PBF Energy (PBF) 10% Owner Control Empresarial Sells Shares
What Happened
Control Empresarial de Capitales S.A. de C.V., a reported 10% owner of PBF Energy (PBF), sold a total of 649,200 shares in open-market/private transactions on March 16–17, 2026 for aggregate proceeds of $28,836,622. The filing reports: 31,941 shares at a weighted average price of $44.11 (≈ $1,408,870), 17,259 shares at $44.63 (≈ $770,292), and 600,000 shares at $44.43 (≈ $26,657,460). These transactions are coded as S (sales).
Key Details
- Transaction dates: March 16, 2026 (two smaller lots) and March 17, 2026 (600,000 shares).
- Reported weighted-average prices and totals: 31,941 @ $44.11 ($1,408,870); 17,259 @ $44.63 ($770,292); 600,000 @ $44.43 ($26,657,460). Aggregate proceeds ≈ $28,836,622.
- Footnotes: F1–F3 note each reported price is a weighted average of multiple executions. Ranges: F1 $43.5901–$44.59, F2 $44.595–$44.655, F3 $44.15–$44.78. The reporting person offers to provide per-price breakdowns on request. F4 references an attached Exhibit 99.1.
- Shares owned after the transaction: not specified in the information provided in this summary (not shown in the supplied filing details).
- Filing date: Form 4 filed March 18, 2026 — appears timely (within the typical two-business-day reporting window).
- Transaction code: S = Sale.
Context
This filing reports sales by a 10% owner (institutional holder), not an executive officer. Such section 16 sales can reflect portfolio or tax/liquidity decisions and do not by themselves indicate management sentiment about the company’s prospects. The largest component was a single 600,000-share disposition on March 17, which accounted for the bulk of proceeds.
Insider Transaction Report
- Sale
Class A Common Shares (as defined in Exhibit 99.1 hereto)
[F1][F4]2026-03-16$44.11/sh−31,941$1,408,870→ 24,714,157 total - Sale
Class A Common Shares (as defined in Exhibit 99.1 hereto)
[F2][F4]2026-03-16$44.63/sh−17,259$770,292→ 24,696,898 total - Sale
Class A Common Shares (as defined in Exhibit 99.1 hereto)
[F3][F4]2026-03-17$44.43/sh−600,000$26,657,460→ 24,096,898 total
Footnotes (4)
- [F1]Weighted average price. These shares were sold in multiple transactions at prices ranging from $43.5901 to $44.59 inclusive. The reporting persons undertake to provide the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the shares sold at each separate price within the range set forth in this footnote (1) to this Form 4.
- [F2]Weighted average price. These shares were sold in multiple transactions at prices ranging from $44.595 to $44.655 inclusive. The reporting persons undertake to provide the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the shares sold at each separate price within the range set forth in this footnote (2) to this Form 4.
- [F3]Weighted average price. These shares were sold in multiple transactions at prices ranging from $44.15 to $44.78 inclusive. The reporting persons undertake to provide the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the shares sold at each separate price within the range set forth in this footnote (3) to this Form 4.
- [F4]See attached Exhibit 99.1 to this Form 4, which is hereby incorporated herein by reference.