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Slim family details 19.3% PBF Energy (NYSE: PBF) ownership stake

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
SCHEDULE 13D/A

Rhea-AI Filing Summary

PBF Energy Inc. received an Amendment No. 9 to a Schedule 13D from entities affiliated with the Slim family regarding its Class A common stock. As of March 20, 2026, Control Empresarial de Capitales, S.A. de C.V. directly or indirectly owns 22,604,898 Class A shares, representing 19.3% of the outstanding Class A stock.

The filing explains that members of the Slim family are beneficiaries of a Mexican trust that owns all voting equity of Control Empresarial, so they may be deemed to indirectly beneficially own these shares. Voting and dispositive power over the same 22.6 million shares is reported on a shared basis, with no sole voting or dispositive power listed for any individual reporting person.

The ownership percentage is calculated using 116,926,814 Class A shares outstanding as of February 6, 2026, as disclosed in PBF Energy’s Form 10-K. Recent transactions since the prior amendment are referenced in a schedule to the statement.

Positive

  • None.

Negative

  • None.

Insights

Slim-affiliated entities report a sizable 19.3% stake in PBF Energy, signaling a concentrated shareholder presence but no stated strategic changes.

The filing shows Control Empresarial and Slim family members reporting shared beneficial ownership of 22,604,898 PBF Energy Class A shares, equal to 19.3% of the class based on 116,926,814 shares outstanding as of February 6, 2026. This makes them a major shareholder with significant voting influence.

All reporting persons list zero sole voting or dispositive power and identical shared power over the same shares, indicating coordinated reporting through the Mexican trust that owns Control Empresarial’s voting equity. The filing references additional share transactions in a schedule, but the excerpt focuses on the updated ownership levels. Overall, this refines disclosure of a large, established position rather than introducing a new strategic event.






69318G106

(CUSIP Number)
Carlos Slim Helu
Paseo De Las Palmas 781, Piso 3, Lomas De Chapultepec
Ciudad De Mexico, O5, 11000
(52) 55 5625 4961


Kyle A. Harris, Esq.
Cleary Gottlieb Steen & Hamilton LLP, One Liberty Plaza
New York, NY, 10006
(212) 225-2000

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
03/18/2026

(Date of Event Which Requires Filing of This Statement)


If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).




schemaVersion:


SCHEDULE 13D




Comment for Type of Reporting Person:
Percent beneficially owned is based on approximately 116,926,814 Class A Common Shares (as defined below) issued and outstanding as of February 6, 2026, as reported in the Issuer's Form 10-K filed with the Securities and Exchange Commission (''SEC'') on February 12, 2026.


SCHEDULE 13D




Comment for Type of Reporting Person:
Percent beneficially owned is based on approximately 116,926,814 Class A Common Shares issued and outstanding as of February 6, 2026, as reported in the Issuer's Form 10-K filed with the SEC on February 12, 2026.


SCHEDULE 13D




Comment for Type of Reporting Person:
Percent beneficially owned is based on approximately 116,926,814 Class A Common Shares issued and outstanding as of February 6, 2026, as reported in the Issuer's Form 10-K filed with the SEC on February 12, 2026.


SCHEDULE 13D




Comment for Type of Reporting Person:
Percent beneficially owned is based on approximately 116,926,814 Class A Common Shares issued and outstanding as of February 6, 2026, as reported in the Issuer's Form 10-K filed with the SEC on February 12, 2026.


SCHEDULE 13D




Comment for Type of Reporting Person:
Percent beneficially owned is based on approximately 116,926,814 Class A Common Shares issued and outstanding as of February 6, 2026, as reported in the Issuer's Form 10-K filed with the SEC on February 12, 2026.


SCHEDULE 13D




Comment for Type of Reporting Person:
Percent beneficially owned is based on approximately 116,926,814 Class A Common Shares issued and outstanding as of February 6, 2026, as reported in the Issuer's Form 10-K filed with the SEC on February 12, 2026.


SCHEDULE 13D




Comment for Type of Reporting Person:
Percent beneficially owned is based on approximately 116,926,814 Class A Common Shares issued and outstanding as of February 6, 2026, as reported in the Issuer's Form 10-K filed with the SEC on February 12, 2026.


SCHEDULE 13D




Comment for Type of Reporting Person:
Percent beneficially owned is based on approximately 116,926,814 Class A Common Shares issued and outstanding as of February 6, 2026, as reported in the Issuer's Form 10-K filed with the SEC on February 12, 2026.


SCHEDULE 13D


Carlos Slim Helu
Signature:Marco Antonio Slim Domit
Name/Title:Marco Antonio Slim Domit/ Attorney-in-Fact*
Date:03/20/2026
Carlos Slim Domit
Signature:Marco Antonio Slim Domit
Name/Title:Marco Antonio Slim Domit/ Attorney-in-Fact*
Date:03/20/2026
Marco Antonio Slim Domit
Signature:Marco Antonio Slim Domit
Name/Title:Marco Antonio Slim Domit
Date:03/20/2026
Patrick Slim Domit
Signature:Marco Antonio Slim Domit
Name/Title:Marco Antonio Slim Domit/ Attorney-in-Fact*
Date:03/20/2026
Maria Soumaya Slim Domit
Signature:Marco Antonio Slim Domit
Name/Title:Marco Antonio Slim Domit/ Attorney-in-Fact*
Date:03/20/2026
Vanessa Paola Slim Domit
Signature:Marco Antonio Slim Domit
Name/Title:Marco Antonio Slim Domit/ Attorney-in-Fact*
Date:03/20/2026
Johanna Monique Slim Domit
Signature:Marco Antonio Slim Domit
Name/Title:Marco Antonio Slim Domit/ Attorney-in-Fact*
Date:03/20/2026
Control Empresarial de Capitales, S.A. de C.V.
Signature:Marco Antonio Slim Domit
Name/Title:Marco Antonio Slim Domit/ Attorney-in-Fact*
Date:03/20/2026
Comments accompanying signature:
* See the Powers of Attorney for the members of the Slim Family and Control Empresarial, which are each filed as an exhibit to the Schedule 13D/A filed by the Slim Family and Control Empresarial with the SEC on March 4, 2026 in connection with their beneficial ownership of Class A Common Stock, $0.001 par value per share of PBF Energy Inc., are hereby incorporated herein by reference.

FAQ

What ownership stake in PBF (PBF) does the Slim family report?

The Slim-affiliated group reports beneficial ownership of 22,604,898 PBF Energy Class A shares, representing 19.3% of the class. This percentage is based on 116,926,814 shares outstanding as of February 6, 2026, as disclosed in PBF’s Form 10-K.

Which entities linked to Carlos Slim are reporting PBF (PBF) holdings?

The report lists Control Empresarial de Capitales, S.A. de C.V. and multiple Slim family members as reporting persons. The Slim family are beneficiaries of a Mexican trust that owns all voting equity of Control Empresarial, tying their indirect beneficial ownership to Control Empresarial’s PBF stake.

How much voting power do Slim-affiliated entities report in PBF Energy (PBF)?

Each reporting person shows 0 sole voting power and 22,604,898 shares of shared voting power. They also report the same amount as shared dispositive power, indicating coordinated control over the same block of PBF Energy Class A shares.

What is the reference share count used to calculate the Slim stake in PBF (PBF)?

The reported 19.3% ownership is calculated using 116,926,814 PBF Energy Class A shares outstanding. This figure comes from PBF’s Form 10-K, which stated that total as of February 6, 2026, and is used consistently throughout the ownership disclosure.

What period does the latest PBF (PBF) Schedule 13D/A amendment cover?

The amendment reports Slim-affiliated ownership as of March 20, 2026. It also states that all transactions in PBF Energy Class A shares since Amendment No. 8 are detailed in an attached schedule, updating prior 13D filings made between 2024 and 2026.

How is Control Empresarial related to the Slim family in the PBF (PBF) filing?

The filing explains that a Mexican trust holds all issued and outstanding voting equity of Control Empresarial, and Slim family members are trust beneficiaries. Because Control Empresarial owns 22,604,898 PBF Energy shares, the family may be deemed to indirectly beneficially own those shares.
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