Form 4: Control Empresarial de Capitales S.A. de C.V. Reports PBF Energy Inc. Share Transactions

Control Empresarial de Capitales S.A. de C.V., along with the Slim Family, reports the acquisition and disposal of PBF Energy Inc. Class A Common Shares.

Summary

• Control Empresarial de Capitales S.A. de C.V. filed a Form 4 with the SEC regarding transactions in PBF Energy Inc. (PBF) Class A Common Shares.
• On June 27, 2024, 179,000 shares were acquired at a weighted average price of $45.066.
• On June 28, 2024, two transactions occurred: 4,400 shares were acquired at $45.417 and 135,600 shares were acquired at $45.7394.
• Following these transactions, Control Empresarial directly owns 17,772,598 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 15.0% of the 118,563,971 issued and outstanding Class A Common Shares of PBF Energy Inc., as reported on May 2, 2024.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting share transactions, so the sentiment is neutral. It simply reflects changes in ownership.

Industry Context

This filing indicates significant ownership by Control Empresarial and the Slim Family in PBF Energy, suggesting a strong interest in the company's performance and strategic direction. Monitoring further filings from this group will be important.

Stakeholder Impact

• The increased ownership by Control Empresarial and the Slim Family could signal confidence in PBF Energy's future, potentially impacting shareholder sentiment positively.

Key Dates