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 649,200 shares in open-market/private transactions on March 16–17, 2026 for aggregate proceeds of $28,836,622. The filing reports: 31,941 shares at a weighted average price of $44.11 (≈ $1,408,870), 17,259 shares at $44.63 (≈ $770,292), and 600,000 shares at $44.43 (≈ $26,657,460). These transactions are coded as S (sales).

Key Details

• Transaction dates: March 16, 2026 (two smaller lots) and March 17, 2026 (600,000 shares).
• Reported weighted-average prices and totals: 31,941 @ $44.11 ($1,408,870); 17,259 @ $44.63 ($770,292); 600,000 @ $44.43 ($26,657,460). Aggregate proceeds ≈ $28,836,622.
• Footnotes: F1–F3 note each reported price is a weighted average of multiple executions. Ranges: F1 $43.5901–$44.59, F2 $44.595–$44.655, F3 $44.15–$44.78. The reporting person offers to provide per-price breakdowns on request. F4 references an attached Exhibit 99.1.
• Shares owned after the transaction: not specified in the information provided in this summary (not shown in the supplied filing details).
• Filing date: Form 4 filed March 18, 2026 — appears timely (within the typical two-business-day reporting window).
• Transaction code: S = Sale.

Context
This filing reports sales by a 10% owner (institutional holder), not an executive officer. Such section 16 sales can reflect portfolio or tax/liquidity decisions and do not by themselves indicate management sentiment about the company’s prospects. The largest component was a single 600,000-share disposition on March 17, which accounted for the bulk of proceeds.