Form 4: Control Empresarial de Capitales S.A. de C.V. Sells 55,000 Shares of PBF Energy Inc.

Control Empresarial de Capitales S.A. de C.V. disposed of 55,000 shares of PBF Energy Inc. at an average price of $30.8477 per share on September 30, 2024.

Summary

• On September 30, 2024, Control Empresarial de Capitales S.A. de C.V. sold 55,000 shares of PBF Energy Inc.'s Class A Common Stock.
• The shares were sold at a weighted average price of $30.8477.
• The prices for individual transactions ranged from $30.795 to $30.90.
• Following the transaction, Control Empresarial directly owns 23,462,398 shares of Class A Common Stock.
• 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 20.0% of the 117,149,510 issued and outstanding Class A Common Shares as of August 1, 2024.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it simply reports a transaction. There's no indication of positive or negative outlook from the filing itself.

Industry Context

This transaction represents a change in the holdings of a major shareholder, which is always relevant information for the market to digest. Monitoring such transactions is crucial for understanding investor sentiment and potential future movements in the stock.

Comparison to Industry Standards

• It's common for major shareholders to periodically adjust their positions in a company.
• Similar transactions are regularly reported by insiders and large stakeholders in other publicly traded energy companies such as Valero, Marathon Petroleum, and Phillips 66.
• The scale of this transaction (55,000 shares) is relatively small compared to the overall trading volume of PBF Energy, but the fact that it comes from a 10% owner makes it noteworthy.

Stakeholder Impact

• The sale of shares by a major shareholder could potentially influence investor sentiment.
• The transaction itself is unlikely to have a direct impact on employees, customers, suppliers, or creditors.

Key Dates