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 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.