Control Empresarial de Capitales S.A. de C.V. 4
4 · PBF Energy Inc. · Filed Mar 13, 2026
Research Summary
AI-generated summary of this filing
PBF Energy (PBF) 10% Owner Sells 645,000 Shares
What Happened
- Control Empresarial de Capitales S.A. de C.V., a reported 10% owner of PBF Energy (PBF), sold a total of 645,000 common shares in open-market transactions. On 2026-03-12 it sold 265,000 shares at a reported weighted-average price of $43.55 for proceeds of $11,540,936, and on 2026-03-13 it sold 380,000 shares at a reported weighted-average price of $43.30 for proceeds of $16,452,898. Total proceeds were approximately $27,993,834. These were outright sales (S), not purchases.
Key Details
- Transaction dates and reported weighted-average prices:
- 2026-03-12: 265,000 shares @ $43.55 (proceeds $11,540,936)
- 2026-03-13: 380,000 shares @ $43.30 (proceeds $16,452,898)
- Total shares sold: 645,000; total proceeds: ~$28.0M.
- Shares owned after the transactions: not specified in the provided filing extract.
- Notable footnotes: the filing notes weighted-average prices across multiple executions with price ranges (one sale reported within $43.30–$43.785; another within $42.9901–$43.535) and offers to provide per-trade pricing on request (Footnotes F1, F2). Exhibit 99.1 is incorporated by reference (F3).
- Filing timeliness: Form 4 was filed on 2026-03-13 covering trades on 2026-03-12 and 2026-03-13 (appears timely under Form 4 rules).
Context
- Control Empresarial is a large (10%) shareholder — an institutional holder rather than an executive officer — so these sales are institutional liquidity/positioning transactions and should not be read as direct management sentiment. Footnotes indicate multiple executions at slightly different prices; the filer can provide a detailed per-trade breakdown on request.
Insider Transaction Report
Form 4
Control Empresarial de Capitales S.A. de C.V.
10% OwnerOther
Transactions
- Sale
Class A Common Shares (as defined in Exhibit 99.1 hereto)
[F1][F3]2026-03-12$43.55/sh−265,000$11,540,936→ 25,126,098 total - Sale
Class A Common Shares (as defined in Exhibit 99.1 hereto)
[F2][F3]2026-03-13$43.30/sh−380,000$16,452,898→ 24,746,098 total
Footnotes (3)
- [F1]Weighted average price. These shares were sold in multiple transactions at prices ranging from $43.30 to $43.785 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 $42.9901 to $43.535 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.
Signature
/s/ MARCO ANTONIO SLIM DOMIT, ATTORNEY-IN-FACT|2026-03-13