PBF Energy (PBF) 10% Owner Sells 220,000 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 220,000 common shares on July 20, 2026. The sales were reported as two transactions: 100,000 shares at a weighted average price of $63.50 (proceeds $6,350,010) and 120,000 shares at a weighted average price of $64.35 (proceeds $7,722,108), for combined proceeds of about $14.07 million. These were disposals (sales), not purchases.

Key Details

• Transaction date: 2026-07-20 (filed on Form 4 dated 2026-07-22). Filing appears timely under the two-business-day Form 4 rule.
• Transaction type: S = Sale (open-market or private sale as reported).
• Shares sold: 100,000 @ weighted avg $63.50 (footnote F1: individual prices ranged $63.50–$63.51); 120,000 @ weighted avg $64.35 (footnote F2: individual prices ranged $64.00–$64.65).
• Total proceeds: ~$14,072,118.
• Shares owned after transaction: Not specified in the filing provided.
• Additional disclosures: Footnotes state weighted-average pricing with price ranges and that the reporting person will provide per-price details on request (F1, F2). Exhibit 99.1 is incorporated by reference (F3).

Context

• This filing is by a 10% owner (institutional/large holder), not an executive or director trade; such disposals can be portfolio management or liquidity actions and do not necessarily signal management view.
• Sales are less informative than purchases for indicating insider bullishness; here the activity documents significant liquidation by a large shareholder.