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 850,000 PBF shares in open‑market transactions on June 29–30, 2026. The filing reports three aggregated trades: 370,000 shares at a weighted average $46.01 ($17,022,294), 200,000 shares at $47.01 ($9,401,200), and 280,000 shares at $46.65 ($13,062,560), totaling about $39.49 million. All reported transactions are sales (Form 4 code S).

Key Details

• Transaction dates: June 29, 2026 (two blocks: 370,000 and 200,000) and June 30, 2026 (280,000).
• Reported prices and values:
  • 370,000 @ $46.01 = $17,022,294 (F1: price range $45.50–$46.445)
  • 200,000 @ $47.01 = $9,401,200 (F2: price range $46.70–$47.51)
  • 280,000 @ $46.65 = $13,062,560 (F3: price range $46.10–$47.02)
• Total shares sold: 850,000; total proceeds reported ≈ $39,486,054.
• Shares owned after transaction: not specified in the provided summary of the filing (see the Form 4 for exact post‑transaction holdings).
• Footnotes: weighted‑average pricing ranges are provided (F1–F3). Exhibit 99.1 is referenced (F4).
• Filing date: July 1, 2026 (period of report dated June 29, 2026); filing appears timely under the Form 4 two‑business‑day rule.

Context

• This filing is by a 10% beneficial owner (an institutional/large shareholder), not necessarily an executive or board member — such sales often reflect portfolio or liquidity decisions rather than company insiders' operational views.
• All transactions were sales; purchases (which can be a stronger bullish signal) were not reported.
• For full details (exact per‑trade times/prices, post‑transaction holdings, and Exhibit 99.1), consult the Form 4 filing (accession 0001140361-26-027227).