Control Empresarial de Capitales S.A. de C.V. 4

What Happened
Control Empresarial de Capitales S.A. de C.V., a reported 10% owner of PBF Energy (PBF), sold a total of 680,000 shares in multiple open‑market/private transactions on February 3–4, 2026, generating approximately $23.6 million in proceeds. The sales were reported on a Form 4 filed Feb 5, 2026.

Key Details

• Transaction type: Sales (code S) — open‑market or private sales as reported.
• Breakdown:
  • Feb 3, 2026 — 59,341 shares at reported weighted avg $33.28 (proceeds $1,974,969). Footnote F1: actual prices in this lot ranged $33.00–$34.00.
  • Feb 3, 2026 — 140,659 shares at reported weighted avg $34.10 (proceeds $4,795,909). Footnote F2: prices ranged $34.001–$34.275.
  • Feb 4, 2026 — 220,400 shares at reported weighted avg $34.83 (proceeds $7,675,430). Footnote F3: prices ranged $34.50–$35.04.
  • Feb 4, 2026 — 259,600 shares at reported weighted avg $35.28 (proceeds $9,157,753). Footnote F4: prices ranged $35.0501–$35.82.
• Total: 680,000 shares sold for aggregate proceeds of $23,604,061.
• Shares owned after transaction: not specified in the provided excerpt (see full Form 4 for post‑transaction beneficial ownership).
• Filing timeliness: Form 4 filed Feb 5, 2026 for transactions on Feb 3–4 — appears to be filed within the normal 2‑business‑day window.
• Other: Footnote F5 references Exhibit 99.1 for additional information; the footnotes state weighted‑average prices and offer to provide per‑trade prices on request.

Context
This filing is from a 10% holder (institutional/majority owner), not an individual executive. Sales by large holders can reflect portfolio rebalancing or other non‑operational reasons; they are less directly indicative of insider sentiment than purchases. The Form 4 is factual—no reasons for the sales are stated.