Form 4: Control Empresarial de Capitales S.A. de C.V. Increases Stake in PBF Energy Inc.

Control Empresarial de Capitales S.A. de C.V., along with the Slim Family, reports increased beneficial ownership in PBF Energy Inc. through recent Class A Common Stock purchases.

Summary

• Control Empresarial de Capitales S.A. de C.V. filed a Form 4 detailing changes in beneficial ownership of PBF Energy Inc. shares.
• On February 27, 2025, 40,000 Class A Common Shares were purchased at a weighted average price of $21.4825.
• On February 28, 2025, an additional 80,000 Class A Common Shares were purchased at a weighted average price of $21.0088.
• Following these transactions, Control Empresarial directly owns 30,094,998 Class A Common Shares.
• The Slim Family, as beneficiaries of a Mexican trust that owns Control Empresarial, may be deemed to indirectly beneficially own these shares.
• These shares represent approximately 26.1% of the 115,313,481 issued and outstanding Class A Common Shares of PBF Energy Inc.

Sentiment

Score: 7

Explanation: The document indicates increased investment by a major shareholder, which is generally viewed positively. The sentiment is moderately positive as it reflects confidence in the company's prospects.

Positives

• Increased investment by a major shareholder, Control Empresarial, could signal confidence in PBF Energy's prospects.
• The Slim Family's indirect beneficial ownership further solidifies their long-term commitment to the company.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by significant shareholders, providing transparency to the market.

Stakeholder Impact

• Shareholders may view the increased stake positively, potentially leading to increased confidence in the company.
• The increased ownership by Control Empresarial and the Slim Family could lead to greater influence on company decisions.

Key Dates