Control Empresarial de Capitales S.A. de C.V. 4
Research Summary
AI-generated summary
PBF Energy 10% Owner Control Empresarial Sells Shares
What Happened
Control Empresarial de Capitales S.A. de C.V., a reported 10% owner of PBF Energy Inc. (PBF), sold a total of 200,000 PBF shares in open-market transactions on April 6–7, 2026. The sales consisted of 130,000 shares at a weighted avg. $46.18 (≈ $6,003,504), 63,700 shares at a weighted avg. $47.06 (≈ $2,997,595), and 6,300 shares at a weighted avg. $47.53 (≈ $299,424), for combined gross proceeds of about $9,300,523.
Key Details
- Transaction dates and amounts:
- 2026-04-06: 130,000 shares sold, weighted avg. $46.18; range per filing F1: $46.00–$46.365.
- 2026-04-07: 63,700 shares sold, weighted avg. $47.06; range per filing F2: $46.50–$47.45.
- 2026-04-07: 6,300 shares sold, weighted avg. $47.53; range per filing F3: $47.48–$47.54.
- Total sold: 200,000 shares for ≈ $9.30M.
- Shares owned after the transactions: not specified in the provided excerpt of the Form 4.
- Footnotes: F1–F3 explain weighted-average pricing and price ranges by tranche; F4 incorporates Exhibit 99.1 into the filing.
- Filing timeliness: Form 4 filed 2026-04-08; transactions 4/6–4/7 — the filing appears within the typical two-business-day Form 4 window (not marked as late).
Context
This reporting party is a 10% institutional owner, not an executive officer — such sales can reflect portfolio management rather than a company-specific signal. Sales are common and don't necessarily predict future share performance; purchases generally carry more weight as signals of insider confidence. The filing provides price ranges for the multiple executions; the reporting person offers to supply per-trade pricing on request.
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