Control Empresarial de Capitales S.A. de C.V. 4
4 · PBF Energy Inc. · Filed Feb 24, 2026
Research Summary
AI-generated summary of this filing
PBF Energy (PBF) 10% Owner Sells 134,000 Shares
What Happened
Control Empresarial de Capitales S.A. de C.V., a reported 10% owner of PBF Energy (PBF), sold a total of 134,000 common shares in open-market transactions. The filings show 132,000 shares sold on 2026-02-20 for a weighted average price of $34.65 (proceeds $4,573,919) and 2,000 shares sold on 2026-02-23 for a weighted average price of $34.51 (proceeds $69,020). Total reported proceeds across the sales were approximately $4,642,939. These were sales (not purchases), which are often routine and do not necessarily indicate management sentiment.
Key Details
- Transaction dates and prices:
- 2026-02-20: 132,000 shares sold, weighted avg price $34.65 (range $34.50–$34.82 per footnote F1), proceeds $4,573,919.
- 2026-02-23: 2,000 shares sold, weighted avg price $34.51 (range $34.50–$34.52 per footnote F2), proceeds $69,020.
- Total shares sold: 134,000; total proceeds: ~$4,642,939.
- Shares owned after transaction: not specified in the summary provided (check the full Form 4 for post-transaction holdings).
- Footnotes: F1 and F2 note the weighted-average pricing ranges and that the reporting person will provide per-transaction price details on request; F3 references Exhibit 99.1 incorporated by reference.
- Filing timeliness: Form 4 was filed on 2026-02-24. Transactions occurred 2026-02-20 and 02-23; the filing date is within the standard Form 4 reporting window.
Context
- This filing comes from a 10% owner (an institutional/major shareholder), not an executive officer; institutional sales are common and may reflect portfolio/strategy decisions rather than company-specific insider sentiment.
- No options were exercised and no grants or gifts were reported—these were straightforward sales in the open market.
Insider Transaction Report
- Sale
Class A Common Shares (as defined in Exhibit 99.1 hereto)
[F1][F3]2026-02-20$34.65/sh−132,000$4,573,919→ 27,843,198 total - Sale
Class A Common Shares (as defined in Exhibit 99.1 hereto)
[F2][F3]2026-02-23$34.51/sh−2,000$69,020→ 27,841,198 total
Footnotes (3)
- [F1]Weighted average price. These shares were sold in multiple transactions at prices ranging from $34.50 to $34.82 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 $34.50 to $34.52 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]See attached Exhibit 99.1 to this Form 4, which is hereby incorporated herein by reference.