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. reports the acquisition of PBF Energy Inc. Class A Common Shares through open market purchases, increasing their holdings to 17,453,598 shares.

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 June 25, 2024, they acquired 44,000 Class A Common Shares at a weighted average price of $44.0986.
• On June 26, 2024, they acquired 102,000 Class A Common Shares at a weighted average price of $44.9095.
• Following these transactions, Control Empresarial directly owns 17,453,598 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 14.7% of the 118,563,971 issued and outstanding Class A Common Shares of PBF Energy Inc.
• The reporting persons undertake to provide full information regarding the shares sold at each separate price within the specified ranges upon request.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it is a standard regulatory filing reporting share transactions. The increased ownership could be seen as slightly positive, but it's primarily an informational document.

Positives

• The increased shareholding by Control Empresarial could be interpreted as a sign of confidence in PBF Energy's future prospects.

Industry Context

This filing reflects significant ownership by Control Empresarial in PBF Energy, indicating a substantial investment in the energy sector. Monitoring further filings will be important to understand the long-term strategy.

Stakeholder Impact

• The increased shareholding by Control Empresarial could potentially influence shareholder confidence.

Key Dates