Major PBF Energy (NYSE: PBF) holder sells 812K shares, keeps 22.1M

Filing Impact

(Very High)

Filing Sentiment

(Very Negative)

Form Type

Rhea-AI Filing Summary

PBF Energy Inc. large shareholder Control Empresarial de Capitales S.A. de C.V. reported open‑market sales of 812,000 Class A common shares. The sales occurred on March 20 and March 23, 2026, at weighted average prices ranging from about $46.50 to $49.66 per share.

After these transactions, the reporting person directly holds 22,132,898 Class A common shares, indicating it remains a significant shareholder. All reported trades were coded as open‑market or private sales, with prices disclosed as weighted averages across multiple individual transactions within stated price ranges.

Insider Trade Summary

Net Seller: 812,000 shares ($38,796,344)

Net Sell 4 txns

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

Role 10% Owner

Sold 812,000 shs ($38.80M)

Type	Security	Shares	Price	Value
Sale	Class A Common Shares (as defined in Exhibit 99.1 hereto)	463,162	$47.0037	$21.77M
Sale	Class A Common Shares (as defined in Exhibit 99.1 hereto)	8,838	$47.6443	$421K
Sale	Class A Common Shares (as defined in Exhibit 99.1 hereto)	239,600	$48.5473	$11.63M
Sale	Class A Common Shares (as defined in Exhibit 99.1 hereto)	100,400	$49.5319	$4.97M

Holdings After Transaction: Class A Common Shares (as defined in Exhibit 99.1 hereto) — 22,141,736 shares (Direct)

Footnotes (1)

Weighted average price. These shares were sold in multiple transactions at prices ranging from $48.00 to $49.00 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 $49.01 to $49.6601 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 $46.50 to $47.50 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 $47.51 to $47.695 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. See attached Exhibit 99.1 to this Form 4, which is hereby incorporated herein by reference.

Form 4 Insider Transactions: What Each Field Means →

03/24/2026 - 05:07 PM

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)

MEXICO

(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)
03/20/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class A Common Shares (as defined in Exhibit 99.1 hereto)	03/20/2026		S		239,600	D	$48.5473⁽¹⁾	22,705,298	D⁽⁵⁾
Class A Common Shares (as defined in Exhibit 99.1 hereto)	03/20/2026		S		100,400	D	$49.5319⁽²⁾	22,604,898	D⁽⁵⁾
Class A Common Shares (as defined in Exhibit 99.1 hereto)	03/23/2026		S		463,162	D	$47.0037⁽³⁾	22,141,736	D⁽⁵⁾
Class A Common Shares (as defined in Exhibit 99.1 hereto)	03/23/2026		S		8,838	D	$47.6443⁽⁴⁾	22,132,898	D⁽⁵⁾

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Weighted average price. These shares were sold in multiple transactions at prices ranging from $48.00 to $49.00 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.

2. Weighted average price. These shares were sold in multiple transactions at prices ranging from $49.01 to $49.6601 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 $46.50 to $47.50 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. Weighted average price. These shares were sold in multiple transactions at prices ranging from $47.51 to $47.695 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.

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

	/s/ MARCO ANTONIO SLIM DOMIT, ATTORNEY-IN-FACT	03/24/2026
	** 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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Control Empresarial report for PBF Energy (PBF)?

Control Empresarial de Capitales S.A. de C.V. reported selling 812,000 PBF Energy Class A common shares in open‑market transactions on March 20 and March 23, 2026, at weighted average prices within disclosed ranges around the high‑$40s per share.

At what prices were the PBF Energy shares sold in this Form 4?

The reported PBF Energy share sales used weighted average prices from multiple trades. Price ranges extended from $46.50 to $47.50, $47.51 to $47.695, $48.00 to $49.00, and $49.01 to $49.6601 per share, with full trade details available upon request.

How many PBF Energy shares does the reporting person still own after these sales?

Following the reported transactions, Control Empresarial de Capitales S.A. de C.V. directly owns 22,132,898 PBF Energy Class A common shares. This indicates that, despite selling 812,000 shares, the reporting person remains a large shareholder with a substantial continuing equity position.

Were the PBF Energy insider sales single trades or multiple transactions?

The reported PBF Energy insider sales were executed as multiple individual transactions within specified price ranges. The Form 4 discloses only weighted average prices, and the reporting persons undertake to provide complete trade‑by‑trade details to the issuer, security holders, or SEC staff upon request.

What transaction code is used for these PBF Energy insider sales?

Each transaction is coded “S” for sale of non‑derivative securities, indicating open‑market or private sales of PBF Energy Class A common shares. The filing describes them as open‑market sales, with no derivative exercises, gifts, or tax‑withholding dispositions reported in this Form 4.

Does this PBF Energy Form 4 involve any derivative securities?

This Form 4 reports only non‑derivative transactions in PBF Energy Class A common shares. The derivative summary shows no derivative transactions or remaining derivative positions in this filing, so all 812,000 reported shares sold relate to direct holdings of common stock.