PBF major holder sells 1.15M shares

Control Empresarial de Capitales S.A. de C.V., a more than ten percent owner of PBF Energy Inc., reported open-market sales of a total of 1,152,000 Class A common shares over two days.

Rhea-AI Filing Summary

Control Empresarial de Capitales S.A. de C.V., a more than ten percent owner of PBF Energy Inc., reported open-market sales of a total of 1,152,000 Class A common shares over two days. The sales were executed at weighted average prices of $45.8552, $46.6551, and $50.1825 per share, each representing multiple trades within disclosed price ranges. After these transactions, the reporting holder directly owned 22,944,898 Class A common shares.

Insider Trade Summary

Net Seller: 1,152,000 shares

Net Sell 3 txns

Insider Control Empresarial de Capitales S.A. de C.V.

Role 10% Owner

Sold 1,152,000 shs ($53.44M)

Type	Security	Shares	Price	Value
Sale	Class A Common Shares (as defined in Exhibit 99.1 hereto)	52,000	$50.1825	$2.61M
Sale	Class A Common Shares (as defined in Exhibit 99.1 hereto)	612,000	$45.8552	$28.06M
Sale	Class A Common Shares (as defined in Exhibit 99.1 hereto)	488,000	$46.6551	$22.77M

Holdings After Transaction: Class A Common Shares (as defined in Exhibit 99.1 hereto) — 22,944,898 shares (Direct)

Footnotes (4)

1. F1. Weighted average price. These shares were sold in multiple transactions at prices ranging from $45.50 to $46.30 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.
2. F2. Weighted average price. These shares were sold in multiple transactions at prices ranging from $46.50 to $46.92 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.
3. F3. Weighted average price. These shares were sold in multiple transactions at prices ranging from $49.70 to $50.43 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.
4. F4. See attached Exhibit 99.1 to this Form 4, which is hereby incorporated herein by reference.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider activity did PBF (PBF) disclose in this Form 4?

PBF Energy Inc. reported that Control Empresarial de Capitales S.A. de C.V. sold 1,152,000 Class A common shares. The sales occurred over two days in open-market transactions at various prices and reduced, but did not eliminate, this large shareholder’s position.

Over what dates did Control Empresarial sell PBF (PBF) shares and how many?

The reporting holder sold a total of 1,152,000 PBF Class A common shares on March 18 and March 19, 2026. Two transactions occurred on March 18 and one on March 19, all reported as open-market sales.

What prices were received in the recent PBF (PBF) insider share sales?

The reported weighted average prices were $45.8552, $46.6551, and $50.1825 per PBF Class A share. Footnotes state each average reflects multiple trades within specified ranges, and full trade-by-trade pricing is available on request.

How many PBF (PBF) shares does the reporting holder own after these sales?

Following the reported transactions, the holder directly owned 22,944,898 PBF Class A common shares. This figure reflects the remaining stake after selling 1,152,000 shares in open-market trades during March 2026.

Who is the reporting person in this PBF (PBF) insider transaction?

The reporting person is Control Empresarial de Capitales S.A. de C.V., identified as a more than ten percent owner of PBF Energy Inc. The filing covers its direct holdings of PBF Class A common shares.

Were the PBF (PBF) insider sales single trades or multiple transactions?

Each reported transaction reflects a weighted average price for multiple trades within a price range. Footnotes note ranges such as $45.50–$46.30 and commit to provide detailed trade data to the company, shareholders, or regulators on request.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

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Accepted by SEC EDGAR 03/20/2026 - 06:53 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Control Empresarial de Capitales S.A. de C.V.

(Last) (First) (Middle)

PASEO DE LAS PALMAS 781, PISO 3

LOMAS DE CHAPULTEPEC

(Street)

CIUDAD DE MEXICO 11000

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
PBF Energy Inc. [ PBF ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	X	10% Owner
	Officer (give title below)	X	Other (specify below)
			Add'l Rep. Persons-see Ex.99-1

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/18/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Shares (as defined in Exhibit 99.1 hereto)	03/18/2026		S		612,000	D	$45.8552(1)	23,484,898	D(4)
Class A Common Shares (as defined in Exhibit 99.1 hereto)	03/18/2026		S		488,000	D	$46.6551(2)	22,996,898	D(4)
Class A Common Shares (as defined in Exhibit 99.1 hereto)	03/19/2026		S		52,000	D	$50.1825(3)	22,944,898	D(4)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Weighted average price. These shares were sold in multiple transactions at prices ranging from $45.50 to $46.30 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.

2. Weighted average price. These shares were sold in multiple transactions at prices ranging from $46.50 to $46.92 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.

3. Weighted average price. These shares were sold in multiple transactions at prices ranging from $49.70 to $50.43 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.

4. See attached Exhibit 99.1 to this Form 4, which is hereby incorporated herein by reference.

	/s/ MARCO ANTONIO SLIM DOMIT, ATTORNEY-IN-FACT	03/20/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)