Form 4: PBF Energy Director Sells Over 1.1M Shares

A 10% owner and director of PBF Energy Inc. reported selling 1,152,000 Class A Common Shares across three transactions in March 2026.

Summary

• Control Empresarial de Capitales S.A. de C.V., a 10% owner and director of PBF Energy Inc., reported the sale of 1,152,000 Class A Common Shares.
• On March 18, 2026, 612,000 shares were sold at a weighted average price of $45.8552, with prices ranging from $45.50 to $46.30.
• Also on March 18, 2026, an additional 488,000 shares were sold at a weighted average price of $46.6551, with prices ranging from $46.50 to $46.92.
• On March 19, 2026, 52,000 shares were sold at a weighted average price of $50.1825, with prices ranging from $49.70 to $50.43.
• Following these transactions, Control Empresarial de Capitales S.A. de C.V. beneficially owns 22,944,898 Class A Common Shares.
• This remaining ownership represents approximately 19.6% of the 116,926,814 issued and outstanding Class A Common Shares, as reported in the Issuer's Form 10-K filed on February 12, 2026.
• The Slim Family, as beneficiaries of a Mexican trust owning Control Empresarial, are deemed to indirectly beneficially own these shares.

Sentiment

Score: 4

Explanation: StockSavvy.ai views this as a moderately negative signal, as significant insider selling by a major shareholder and director can sometimes indicate a lack of confidence or a desire to diversify, potentially impacting investor sentiment.

Negatives

• A significant 10% owner and director sold a substantial number of shares, which can be interpreted as a negative signal by the market.

Future Outlook

This Form 4 filing reports historical insider transactions and does not contain any forward-looking statements or guidance from PBF Energy Inc.

Industry Context

StockSavvy.ai notes that insider selling, especially by a significant owner and director, is often scrutinized by the market for potential signals about future company performance or valuation. While not always indicative of negative prospects, such transactions can lead to increased investor caution.

Related Party Transactions

• The reporting person, Control Empresarial de Capitales S.A. de C.V., is a 10% owner and director of PBF Energy Inc. The Slim Family are indirect beneficial owners of Control Empresarial, making these transactions by a related party.

Stakeholder Impact

• Shareholders may interpret the significant insider selling as a negative signal, potentially leading to increased scrutiny of the company's future prospects and possibly impacting the stock price.

Key Dates

Recommendation

The significant insider selling by a 10% owner and director, Control Empresarial de Capitales S.A. de C.V., could be interpreted as a negative signal by the market. While not a definitive indicator of future performance, such large-scale divestment warrants caution. Investors should hold and monitor PBF Energy's upcoming financial reports and market conditions for further clarity before making definitive buy or sell decisions.

Keywords

PBF Energy, PBF, Insider Selling, Form 4, Beneficial Ownership, Stock Sale, Control Empresarial, Slim Family