PBF Energy (PBF) 10% Owner Sells 370,375 Shares

What Happened

• Control Empresarial de Capitales S.A. de C.V., a reported 10% owner of PBF Energy (PBF), sold a total of 370,375 PBF shares in multiple transactions on August 11–12, 2026. The filing reports weighted-average proceeds of $68.22 (110,000 shares, $7,504,024), $69.14 (110,375 shares, $7,631,140) and $70.13 (150,000 shares, $10,520,070), for combined proceeds of approximately $25,655,234. These are reported as sales (S), i.e., dispositions of existing shares.

Key Details

• Transaction dates: Aug 11, 2026 (two lots) and Aug 12, 2026 (one lot).
• Reported weighted-average prices and values:
  • 110,000 shares @ $68.22 = $7,504,024 (footnote F1: trades ranged $68.00–$68.40)
  • 110,375 shares @ $69.14 = $7,631,140 (footnote F2: trades ranged $69.00–$69.50)
  • 150,000 shares @ $70.13 = $10,520,070 (footnote F3: trades ranged $69.80–$70.72)
• Total disposed: 370,375 shares for ~$25.66M.
• Shares owned after transaction: not disclosed in this Form 4.
• Filing: Form 4 filed Aug 13, 2026 (appears to be timely relative to the reported trades).
• Notable exhibits/footnotes: F1–F3 indicate the reported prices are weighted averages of multiple trade prices within specified ranges; the filer offers to provide detailed per-trade prices on request. F4 incorporates Exhibit 99.1 by reference.

Context

• This filing reflects an institutional 10% owner selling stock, not an executive or officer trade; such sales can reflect portfolio rebalancing or other institutional needs and should not be taken as a company-specific endorsement or negative signal on its own.
• These are reported sales (S) of existing shares — not purchases, option exercises, awards, or gifts.