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

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.