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 Inc. (PBF), sold a total of 453,000 PBF shares in two transactions on Feb 11–12, 2026, reported on a Form 4 filed Feb 13, 2026. The filings show sales of 450,000 shares at a weighted average price of $35.38 (proceeds ~$15.92M) and 3,000 shares at a weighted average price of $36.79 (proceeds ~$110.38K), for combined gross proceeds of approximately $16.03 million. These were reported as sales (S), i.e., dispositions, not purchases.

Key Details

• Transaction dates and prices:
  • 2026-02-11: 450,000 shares sold, weighted avg $35.38 (individual trades ranged $35.00–$35.90; see footnote F1).
  • 2026-02-12: 3,000 shares sold, weighted avg $36.79 (individual trades ranged $36.74–$36.83; see footnote F2).
• Total proceeds: approximately $16,030,978.
• Footnotes: F1 and F2 note the weighted-average prices reflect multiple sale prices within the stated ranges; F3 references an attached Exhibit 99.1 incorporated by reference.
• Shares owned after the transactions: not provided in the summary you supplied.
• Filing timeliness: Form 4 was filed on Feb 13, 2026 for transactions dated Feb 11–12, 2026 (filed within the typical 2-business-day Form 4 window).

Context
This filing reports sales by a 10% institutional owner, which is different from insider trading by executives or directors; such large-holder transactions can reflect portfolio rebalancing or liquidity needs and are not, by themselves, a clear signal about company fundamentals. The footnotes show the sales occurred in multiple trades at slightly varying prices; Exhibit 99.1 is attached to the filing for additional detail.