Major holder Control Empresarial trims 1.1M PBF (NYSE: PBF) shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
PBF Energy Inc. insider Control Empresarial de Capitales S.A. de C.V., a more than ten percent owner, reported selling a total of 1,108,100 Class A common shares in open-market transactions. The sales occurred on March 4 and 5, 2026 at per-share prices ranging from $41.6406 to $46.5669. After these transactions, the reporting holder owned 26,264,098 Class A common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 1,108,100 shares ($48,037,388)
Net Sell
5 txns
Insider
Control Empresarial de Capitales S.A. de C.V.
Role
10% Owner
Sold
1,108,100 shs ($48.04M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Shares (as defined in Exhibit 99.1 hereto) | 205,000 | $46.5669 | $9.55M |
| Sale | Class A Common Shares (as defined in Exhibit 99.1 hereto) | 341,697 | $41.6406 | $14.23M |
| Sale | Class A Common Shares (as defined in Exhibit 99.1 hereto) | 280,964 | $42.3213 | $11.89M |
| Sale | Class A Common Shares (as defined in Exhibit 99.1 hereto) | 117,339 | $43.076 | $5.05M |
| Sale | Class A Common Shares (as defined in Exhibit 99.1 hereto) | 163,100 | $44.8648 | $7.32M |
Holdings After Transaction:
Class A Common Shares (as defined in Exhibit 99.1 hereto) — 26,264,098 shares (Direct)
Footnotes (1)
- Weighted average price. These shares were sold in multiple transactions at prices ranging from $41.00 to $42.00 inclusive. The reporting persons undertake to provide the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the shares sold at each separate price within the range set forth in this footnote (1) to this Form 4. Weighted average price. These shares were sold in multiple transactions at prices ranging from $42.001 to $43.00 inclusive. The reporting persons undertake to provide the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the shares sold at each separate price within the range set forth in this footnote (2) to this Form 4. Weighted average price. These shares were sold in multiple transactions at prices ranging from $43.005 to $43.20 inclusive. The reporting persons undertake to provide the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the shares sold at each separate price within the range set forth in this footnote (3) to this Form 4. Weighted average price. These shares were sold in multiple transactions at prices ranging from $44.80 to $45.10 inclusive. The reporting persons undertake to provide the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the shares sold at each separate price within the range set forth in this footnote (4) to this Form 4. Weighted average price. These shares were sold in multiple transactions at prices ranging from $46.39 to $46.72 inclusive. The reporting persons undertake to provide the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the shares sold at each separate price within the range set forth in this footnote (5) to this Form 4. See attached Exhibit 99.1 to this Form 4, which is hereby incorporated herein by reference.
FAQ
What insider activity did PBF Energy Inc. (PBF) report in this Form 4?
PBF Energy Inc. reported significant insider sales of Class A common shares. Control Empresarial de Capitales S.A. de C.V., a more than ten percent owner, sold 1,108,100 shares in open-market transactions over two days, reducing but not eliminating its substantial ownership stake in the company.
Who is the reporting person in PBF Energy Inc. (PBF) latest Form 4 filing?
The reporting person is Control Empresarial de Capitales S.A. de C.V. It is identified as a more than ten percent owner of PBF Energy Inc. and reported multiple open-market sales of the company’s Class A common shares, while continuing to hold a large remaining position afterward.
What do the weighted-average price footnotes mean in PBF Energy Inc. (PBF) Form 4?
The footnotes explain that reported prices are weighted averages over multiple trades. Shares were sold in numerous transactions within specified price ranges, and the reporting persons commit to provide detailed trade-by-trade pricing information to the issuer, shareholders, or regulators upon request.