Control Empresarial de Capitales S.A. de C.V. 4
4 · PBF Energy Inc. · Filed Mar 12, 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% owner of PBF Energy (PBF), sold a total of 860,000 PBF shares in transactions dated March 10–11, 2026. The filing reports 22,000 shares sold on 2026-03-10 at a weighted average price of $40.08 (total ~$881,855) and 838,000 shares sold on 2026-03-11 at a weighted average price of $41.91 (total ~$35,123,764), for combined proceeds of about $36,005,619. These were reported as sales (S), i.e., dispositions of shares.
Key Details
- Transaction dates and reported weighted averages:
- 2026-03-10: 22,000 shares at $40.08 (weighted average; actual prices ranged $39.99–$40.13 per footnote)
- 2026-03-11: 838,000 shares at $41.91 (weighted average; actual prices ranged $41.5101–$42.23 per footnote)
- Total shares sold: 860,000; total proceeds ≈ $36,005,619.
- Shares owned after transaction: not specified in the provided excerpt of the filing.
- Footnotes: F1 and F2 disclose that the reported prices are weighted averages across multiple execution prices (ranges given). F3 references an attached Exhibit 99.1 incorporated by reference.
- Filing date: Form 4 filed 2026-03-12 for transactions on Mar 10–11; this appears to be a timely report.
Context This filing reflects a substantial institutional sale by a 10% owner rather than an individual officer/director. Institutional or large‑holder sales can be for many reasons (liquidity, portfolio rebalancing, etc.); the filing does not state a 10b5‑1 plan or other motive. No purchases or option exercises are reported in this Form 4.
Insider Transaction Report
- Sale
Class A Common Shares (as defined in Exhibit 99.1 hereto)
[F1][F3]2026-03-10$40.08/sh−22,000$881,855→ 26,229,098 total - Sale
Class A Common Shares (as defined in Exhibit 99.1 hereto)
[F2][F3]2026-03-11$41.91/sh−838,000$35,123,764→ 25,391,098 total
Footnotes (3)
- [F1]Weighted average price. These shares were sold in multiple transactions at prices ranging from $39.99 to $40.13 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 $41.5101 to $42.23 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.