PBF Energy (NYSE: PBF) 10% owner trims stake with 650,000-share sale
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Control Empresarial de Capitales S.A. de C.V., a more-than-10% owner of PBF Energy Inc., reported open-market sales of a total of 650,000 Class A Common Shares on July 8–9, 2026 at weighted average prices of $52.2909 and $53.1820, leaving 15,812,128 shares directly owned afterward.
Positive
- None.
Negative
- None.
Insights
Large shareholder trimmed its position but retained a sizable stake.
Control Empresarial de Capitales S.A. de C.V. sold 650,000 PBF Energy Class A shares through open-market transactions on July 8–9, 2026. Weighted average prices were $52.2909 and $53.1820, with actual trades occurring within narrow ranges around these figures.
Following the sales, the reporting holder still owns 15,812,128 shares directly. That remaining position suggests these transactions represent a partial reduction rather than an exit. The filing notes the prices are weighted averages across multiple trades, and detailed price breakdowns are available on request.
Insider Trade Summary
Net Seller: 650,000 shares ($34,229,682)
Net Sell
2 txns
Insider
Control Empresarial de Capitales S.A. de C.V.
Role
10% Owner
Sold
650,000 shs ($34.23M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Shares (as defined in Exhibit 99.1 hereto) | 270,000 | $53.182 | $14.36M |
| Sale | Class A Common Shares (as defined in Exhibit 99.1 hereto) | 380,000 | $52.2909 | $19.87M |
Holdings After Transaction:
Class A Common Shares (as defined in Exhibit 99.1 hereto) — 15,812,128 shares (Direct)
Footnotes (1)
- Weighted average price. These shares were sold in multiple transactions at prices ranging from $52.00 to $52.80 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 (1) to this Form 4. Weighted average price. These shares were sold in multiple transactions at prices ranging from $53.15 to $53.41 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. See attached Exhibit 99.1 to this Form 4, which is hereby incorporated herein by reference.
Key Figures
Shares sold July 8, 2026: 380,000 shares
Weighted average price July 8, 2026: $52.2909 per share
Shares sold July 9, 2026: 270,000 shares
+3 more
6 metrics
Shares sold July 8, 2026
380,000 shares
Open-market sale of Class A Common Shares at weighted average price
Weighted average price July 8, 2026
$52.2909 per share
Multiple transactions in range $52.00–$52.80
Shares sold July 9, 2026
270,000 shares
Open-market sale of Class A Common Shares at weighted average price
Weighted average price July 9, 2026
$53.1820 per share
Multiple transactions in range $53.15–$53.41
Total shares sold
650,000 shares
Combined open-market sales on July 8–9, 2026
Shares owned after transactions
15,812,128 shares
Direct ownership of Class A Common Shares following July 9, 2026 sale
Key Terms
weighted average price, open-market sale, Class A Common Shares
3 terms
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.
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.
FAQ
What insider activity did PBF (PBF Energy Inc.) report in this Form 4?
PBF reported that Control Empresarial de Capitales S.A. de C.V., a more-than-10% owner, executed open-market sales totaling 650,000 Class A shares on July 8–9, 2026 at weighted average prices slightly above $52 and $53.
Were the PBF (PBF Energy Inc.) insider sales single trades or multiple transactions?
The sales were reported as multiple transactions on each day. The filing gives weighted average prices, with individual trades on July 8 ranging from $52.00–$52.80 and on July 9 from $53.15–$53.41.
Did the PBF (PBF Energy Inc.) Form 4 mention any derivatives or option exercises?
No derivative or option exercises are reported. The Form 4 shows only non-derivative transactions in Class A Common Shares, with the derivative transaction count and exercise shares both listed as zero in the summary.