PBF Energy (PBF): Control Empresarial 10% Owner Sells 100,000 Shares

What Happened

• Control Empresarial de Capitales S.A. de C.V., a reported 10% owner of PBF Energy (PBF), sold a total of 100,000 PBF shares on September 2, 2026. The sale was reported in two blocks: 45,516 shares at a weighted average price of $76.94 (proceeds $3,502,192) and 54,484 shares at a weighted average price of $77.09 (proceeds $4,199,959), for combined proceeds of $7,702,151. The transactions are reported as open-market or private sales (code S).

Key Details

• Transaction dates and prices:
  • 2026-09-02: 45,516 shares @ $76.94 (weighted average); filing footnote F1 indicates individual sale prices ranged $76.89–$76.99.
  • 2026-09-02: 54,484 shares @ $77.09 (weighted average); footnote F2 indicates individual sale prices ranged $77.00–$77.90.
• Total shares sold: 100,000; total reported proceeds: $7,702,151.
• Shares owned after transaction: Not disclosed in the provided filing excerpt.
• Filing: Form 4 was filed on 2026-09-04 for trades on 2026-09-02 (no indication in the excerpt that the filing was late).
• Additional disclosure: Footnote F3 references Exhibit 99.1, which is incorporated by reference in the Form 4.

Context

• These are outright sales by a 10% shareholder (institutional/large holder), not an executive insider trade; such sales can be routine portfolio management and do not alone indicate management sentiment.
• The filing documents open-market/private sales (code S). No purchases, option exercises, gifts, or tax-withholding transactions were reported in this filing.