Large PBF Energy (PBF) shareholder unloads 1.24M shares in open trades

Rhea-AI Filing Summary

Control Empresarial de Capitales S.A. de C.V., a more than 10% shareholder of PBF Energy Inc., reported open-market sales of PBF Class A common shares. On March 26–27, 2026, it sold a total of 1,237,000 shares at weighted average prices between $49.6130 and $51.2298 per share across multiple trades. Following these transactions, it directly owns 19,738,698 Class A common shares, indicating it remains a large shareholder despite the sales.

Insider Trade Summary

Net Seller: 1,237,000 shares ($62,140,870)

Net Sell 4 txns

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

Role 10% Owner

Sold 1,237,000 shs ($62.14M)

Type	Security	Shares	Price	Value
Sale	Class A Common Shares (as defined in Exhibit 99.1 hereto)	500,000	$50.3816	$25.19M
Sale	Class A Common Shares (as defined in Exhibit 99.1 hereto)	100,000	$51.2298	$5.12M
Sale	Class A Common Shares (as defined in Exhibit 99.1 hereto)	400,001	$49.613	$19.85M
Sale	Class A Common Shares (as defined in Exhibit 99.1 hereto)	236,999	$50.5565	$11.98M

Holdings After Transaction: Class A Common Shares (as defined in Exhibit 99.1 hereto) — 19,838,698 shares (Direct)

Footnotes (1)

1. Weighted average price. These shares were sold in multiple transactions at prices ranging from $49.15 to $49.945 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 $50.25 to $51.08 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 $49.9801 to $50.80 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 $51.10 to $51.65 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.

Key Figures

Total shares sold: 1,237,000 shares Remaining holdings: 19,738,698 shares Block sale 1: 500,000 shares at $50.3816 +4 more

7 metrics

Total shares sold 1,237,000 shares Net shares sold across all reported transactions

Remaining holdings 19,738,698 shares Direct Class A common shares after latest sale

Block sale 1 500,000 shares at $50.3816 Open-market sale on March 27, 2026

Block sale 2 100,000 shares at $51.2298 Open-market sale on March 27, 2026

Block sale 3 400,001 shares at $49.6130 Open-market sale on March 26, 2026

Block sale 4 236,999 shares at $50.5565 Open-market sale on March 26, 2026

Net buy/sell direction -1,237,000 shares Net selling across all reported non-derivative trades

Key Terms

Class A Common Shares, open-market sale, Weighted average price, more than 10% owner

4 terms

Class A Common Shares financial

"security_title: "Class A Common Shares (as defined in Exhibit 99.1 hereto)""

A Class A common share is a specific type of ordinary company share that represents an ownership stake and usually carries particular voting rights or payout priorities compared with other share classes. For investors it matters because those differences affect how much influence you have over company decisions, how dividends or liquidation proceeds might be distributed, and how easily the shares trade — like choosing between car models where one has extra features (more control) and another focuses on price or availability (liquidity).

open-market sale financial

"transaction_action: "open-market sale""

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

Weighted average price financial

"Weighted average price. These shares were sold in multiple transactions at prices ranging..."

Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.

more than 10% owner financial

""is_ten_percent_owner": 1"

Form 4 Insider Transactions: What Each Field Means →

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)
03/26/2026

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)	03/26/2026		S		400,001	D	$49.613(1)	20,575,697	D(5)
Class A Common Shares (as defined in Exhibit 99.1 hereto)	03/26/2026		S		236,999	D	$50.5565(2)	20,338,698	D(5)
Class A Common Shares (as defined in Exhibit 99.1 hereto)	03/27/2026		S		500,000	D	$50.3816(3)	19,838,698	D(5)
Class A Common Shares (as defined in Exhibit 99.1 hereto)	03/27/2026		S		100,000	D	$51.2298(4)	19,738,698	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)
				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 $49.15 to $49.945 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 $50.25 to $51.08 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 $49.9801 to $50.80 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 $51.10 to $51.65 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	03/30/2026
	** 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)

FAQ

What insider activity did Control Empresarial report for PBF (PBF)?

Control Empresarial de Capitales S.A. de C.V. reported selling 1,237,000 PBF Energy Class A shares in open-market transactions. The sales occurred over March 26–27, 2026 at weighted average prices disclosed in the filing, reducing but not eliminating its large share position.

Over what dates did the PBF (PBF) insider share sales occur?

The reported insider sales in PBF Energy shares took place on March 26 and March 27, 2026. Multiple open-market transactions were executed on each date, with weighted average prices detailed in the filing’s footnotes for each transaction block.

How many PBF Energy (PBF) shares were sold in total by the reporting holder?

The reporting holder sold a total of 1,237,000 Class A common shares of PBF Energy. These were executed through four separate open-market sale transactions, each with its own share amount and weighted average sale price.

What is the remaining PBF Energy (PBF) stake after these insider sales?

After completing the reported transactions, the reporting holder directly owns 19,738,698 PBF Energy Class A common shares. This indicates it continues to hold a substantial equity position in the company even after the open-market sales.

At what prices were the recent PBF (PBF) insider sales executed?

The filing shows weighted average sale prices ranging from $49.6130 to $51.2298 per share for the reported transactions. Additional footnotes describe narrower price ranges for each trade group and offer to provide full breakdowns upon request.