Control Empresarial de Capitales S.A. de C.V. 4
4 · PBF Energy Inc. · Filed Mar 24, 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., reported as a >10% holder of PBF Energy (PBF), sold a total of 812,000 shares in open-market transactions on March 20 and March 23, 2026. The filing reports the following disposals:
- 239,600 shares at a weighted-average price shown as $48.55 — proceeds ~$11,631,933 (footnote F1: trades ranged $48.00–$49.00).
- 100,400 shares at $49.53 — proceeds ~$4,973,003 (footnote F2: trades ranged $49.01–$49.6601).
- 463,162 shares at $47.00 — proceeds ~$21,770,328 (footnote F3: trades ranged $46.50–$47.50).
- 8,838 shares at $47.64 — proceeds ~$421,080 (footnote F4: trades ranged $47.51–$47.695).
- Total reported proceeds across the transactions: approximately $38.8 million. These were sales (S) — a disposition of shares rather than purchases; sales by large holders are often routine portfolio/liquidity actions.
Key Details
- Transaction dates: March 20, 2026 (two disposals totaling 340,000 shares) and March 23, 2026 (two disposals totaling 472,000 shares).
- Price info: filing lists weighted-average prices for each block; footnotes indicate each block was executed in multiple trades across the price ranges noted above.
- Shares owned after transaction: not specified in the provided excerpt of the filing.
- Notable footnotes: F1–F4 explain weighted-average pricing and ranges; F5 references Exhibit 99.1 attached to the Form 4.
- Timeliness: Form 4 was filed on March 24, 2026; the filing appears timely under the SEC’s two-business-day rule for Form 4 reporting.
Context
- This reporting person is a 10% owner (an institutional/major holder), not an individual executive; such sales commonly reflect portfolio management or liquidity needs rather than a CEO/CFO signaling. The filing provides weighted-average ranges and offers to supply trade-level detail on request (per the footnotes). Purchases typically carry stronger signals about insider confidence; this filing documents large-scale disposals.
Insider Transaction Report
Form 4
Control Empresarial de Capitales S.A. de C.V.
10% OwnerOther
Transactions
- Sale
Class A Common Shares (as defined in Exhibit 99.1 hereto)
[F1][F5]2026-03-20$48.55/sh−239,600$11,631,933→ 22,705,298 total - Sale
Class A Common Shares (as defined in Exhibit 99.1 hereto)
[F2][F5]2026-03-20$49.53/sh−100,400$4,973,003→ 22,604,898 total - Sale
Class A Common Shares (as defined in Exhibit 99.1 hereto)
[F3][F5]2026-03-23$47.00/sh−463,162$21,770,328→ 22,141,736 total - Sale
Class A Common Shares (as defined in Exhibit 99.1 hereto)
[F4][F5]2026-03-23$47.64/sh−8,838$421,080→ 22,132,898 total
Footnotes (5)
- [F1]Weighted average price. These shares were sold in multiple transactions at prices ranging from $48.00 to $49.00 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 $49.01 to $49.6601 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 $46.50 to $47.50 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]Weighted average price. These shares were sold in multiple transactions at prices ranging from $47.51 to $47.695 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 (4) to this Form 4.
- [F5]See attached Exhibit 99.1 to this Form 4, which is hereby incorporated herein by reference.
Signature
/s/ MARCO ANTONIO SLIM DOMIT, ATTORNEY-IN-FACT|2026-03-24