PBF Energy (PBF) 10% Owner Control Empresarial Sells Shares

What Happened
Control Empresarial de Capitales S.A. de C.V., a reported 10% owner of PBF Energy (PBF), sold a total of 490,000 common shares in open-market transactions on July 30, 2026, realizing about $34,915,769. The filing breaks the sales into seven tranches: 1,000 @ $67.42 ($67,425); 51,000 @ $68.99 ($3,518,505); 131,912 @ $70.06 ($9,242,085); 126,088 @ $70.82 ($8,929,540); 70,000 @ $72.34 ($5,064,003); 70,000 @ $73.34 ($5,134,003); and 40,000 @ $74.01 ($2,960,208). These are disposals (sales), not purchases.

Key Details

• Transaction date: July 30, 2026; Form 4 filed August 3, 2026 (filed within the typical two-business-day window).
• Total sold: 490,000 shares for approximately $34,915,769.
• Reported per-line prices: see breakdown above; footnotes indicate each line reflects weighted-average pricing across multiple executions.
• Shares owned after the transactions: not specified in the Form 4 filing.
• Footnotes: F1–F7 note weighted-average price ranges for the multiple trades that compose each line; F8 references an attached Exhibit 99.1. The filer offers to provide per-trade price details on request.
• Transaction code: S = Sale (open market or private sale).
• Insider type: 10% owner (large shareholder/institutional), not an executive-level trade.

Context
This was an institutional/major-holder sale reported in multiple tranches and price ranges; the weighted-average footnotes mean the listed line prices represent bundles of separate executions. Sales by a 10% owner are factual disclosures of disposition and do not by themselves reveal the seller’s motives (e.g., portfolio rebalancing, liquidity, tax planning, etc.). Purchases generally attract more attention as potential bullish signals; this filing documents a sizable liquidation by a major holder.