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 650,000 common shares in multiple transactions on July 8–9, 2026. On July 8 it sold 380,000 shares at a weighted average price of $52.29 (gross ≈ $19.87M). On July 9 it sold 270,000 shares at a weighted average price of $53.18 (gross ≈ $14.36M). Total proceeds across both days were about $34.23 million. These transactions are reported as sales (S) and were executed as open‑market or private sales.

Key Details

• Transaction dates and prices:
  • 2026-07-08: 380,000 shares at weighted avg $52.29 (footnote F1: individual prices ranged $52.00–$52.80)
  • 2026-07-09: 270,000 shares at weighted avg $53.18 (footnote F2: individual prices ranged $53.15–$53.41)
• Total shares sold: 650,000; total proceeds ≈ $34,229,682.
• Shares owned after transaction: Not specified in this Form 4.
• Filing: Form 4 filed 2026-07-10 (period of report 2026-07-08); filing appears timely (not marked late).
• Notable footnotes: F1 and F2 give per‑trade price ranges and note weighted averages; F3 incorporates Exhibit 99.1 into the filing. The reporting person offers to provide detailed per‑price sale information on request.
• Transaction code: S = Sale.

Context

• This filing reports sales by a 10% institutional owner rather than an individual officer or director. Such institutional sales can reflect portfolio rebalancing or liquidity needs; they are not direct indicators of company operational changes. Form 4 sales are factual records of insider/major-holder activity — they do not, by themselves, explain motivation. If you want the exact per‑trade prices within the reported ranges, the filing’s footnotes state the reporting person will provide that breakdown on request.