Form 4: Control Empresarial and Slim Family Boost Stake in PBF Energy with $872K Share Purchase

Control Empresarial de Capitales S.A. de C.V., linked to the prominent Slim Family, has increased its beneficial ownership in PBF Energy Inc. by acquiring 48,500 Class A Common Shares for approximately $872,340.

Summary

• Control Empresarial de Capitales S.A. de C.V., a significant shareholder and director of PBF Energy Inc., purchased 48,500 Class A Common Shares on June 5, 2025.
• The shares were acquired at a weighted average price of $17.9864 per share, totaling approximately $872,340.
• Following this transaction, Control Empresarial de Capitales S.A. de C.V. directly owns 30,823,498 Class A Common Shares.
• The Slim Family, as beneficiaries of a Mexican trust that owns Control Empresarial, are deemed to indirectly beneficially own these 30,823,498 shares.
• This ownership represents approximately 26.7% of the 115,647,259 issued and outstanding Class A Common Shares of PBF Energy Inc., as reported in the company's Form 10-Q filed on May 1, 2025.

Sentiment

Score: 8

Explanation: The purchase of additional shares by a significant insider and director, especially by a large entity like Control Empresarial de Capitales and the Slim Family, is generally viewed as a strong positive signal of confidence in the company's future performance and valuation.

Positives

• Significant insider purchase by a 10% owner and director, Control Empresarial de Capitales S.A. de C.V., indicating confidence in PBF Energy's future prospects.
• The acquisition of 48,500 shares at an average price of $17.9864 demonstrates a direct investment of approximately $872,340 by a key stakeholder.
• The Slim Family's continued substantial beneficial ownership of approximately 26.7% of PBF Energy's Class A Common Shares reinforces their long-term commitment to the company.

Future Outlook

NA

Management Comments

• Weighted average price. These shares were purchased in multiple transactions at prices ranging from $17.97 to $18.00 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 purchased at each separate price within the range set forth in this footnote (1) to this Form 4.

Industry Context

This Form 4 filing reports an individual insider transaction and does not provide broader industry context or trends for the energy sector. It reflects a specific ownership change within PBF Energy Inc.

Comparison to Industry Standards

• This document is a Form 4 filing detailing an insider stock purchase, which does not lend itself to direct comparison with industry-wide operational or financial benchmarks. It is a disclosure of a specific transaction by a significant shareholder rather than a performance report.

Related Party Transactions

• The reported transaction is an acquisition of Class A Common Shares by Control Empresarial de Capitales S.A. de C.V., which is a 10% owner and has a director relationship with PBF Energy Inc. The Slim Family, who indirectly beneficially own these shares, are also considered related parties.

Stakeholder Impact

• Shareholders may view this insider purchase as a positive indicator of management and significant owner confidence in the company's future, potentially leading to increased investor interest.

Next Steps

• The reporting persons undertake to provide full information regarding the shares purchased at each separate price within the stated range upon request from the issuer, any security holder, or the SEC staff.

Key Dates

Recommendation

Keywords

PBF Energy, Control Empresarial de Capitales, Slim Family, Form 4, insider purchase, beneficial ownership, Class A Common Shares, stock acquisition, director, 10% owner, SEC filing