Form 4: PBF Energy Insider Sells 645,000 Shares

Control Empresarial de Capitales S.A. de C.V. and the Slim Family, a significant insider, sold 645,000 Class A Common Shares of PBF Energy Inc. across two transactions in March 2026.

Summary

• Control Empresarial de Capitales S.A. de C.V., a 10% owner and director of PBF Energy Inc., disposed of 645,000 Class A Common Shares.
• On March 12, 2026, 265,000 shares were sold at a weighted average price of $43.5507 per share, with prices ranging from $43.30 to $43.785.
• On March 13, 2026, an additional 380,000 shares were sold at a weighted average price of $43.2971 per share, with prices ranging from $42.9901 to $43.535.
• Following these transactions, Control Empresarial de Capitales S.A. de C.V. beneficially owns 24,746,098 Class A Common Shares directly.
• The Slim Family, as beneficiaries of a Mexican trust that owns Control Empresarial, are deemed to indirectly beneficially own these shares.
• The remaining beneficial ownership represents approximately 21.2% of the 116,926,814 issued and outstanding Class A Common Shares of PBF Energy Inc., as reported in the Form 10-K filed on February 12, 2026.

Sentiment

Score: 3

Explanation: StockSavvy.ai views this as a negative signal. Significant insider selling by a 10% owner and director often suggests a bearish outlook from those closest to the company, potentially indicating that the stock is overvalued or that future performance may be challenged.

Negatives

• A significant insider, Control Empresarial de Capitales S.A. de C.V. and the Slim Family, sold a substantial number of shares, which can be interpreted as a negative signal by the market regarding the company's future prospects or valuation.

Future Outlook

The filing does not contain any forward-looking statements or guidance.

Industry Context

StockSavvy.ai notes that insider sales by significant shareholders, especially those with board representation and substantial ownership, can sometimes signal a lack of confidence in the company's current valuation or future prospects, or a strategic portfolio adjustment. The specific motivations for these sales are not disclosed in a Form 4.

Related Party Transactions

• The filing clarifies that the Slim Family (Mr. Carlos Slim Helu, Mr. Carlos Slim Domit, Mr. Marco Antonio Slim Domit, Mr. Patrick Slim Domit, Ms. Mara Soumaya Slim Domit, Ms. Vanessa Paola Slim Domit and Ms. Johanna Monique Slim Domit) are beneficiaries of a Mexican trust that owns all voting equity securities of Control Empresarial de Capitales S.A. de C.V., and thus may be deemed to indirectly beneficially own the Class A Common Shares held by Control Empresarial.

Stakeholder Impact

• Shareholders may perceive the significant insider selling as a negative indicator, potentially leading to downward pressure on the stock price.
• The transactions reflect a change in the beneficial ownership stake of a major shareholder, which could influence investor sentiment and trading activity.

Key Dates

Recommendation

The sale of 645,000 shares by a 10% owner and director, Control Empresarial de Capitales S.A. de C.V. and the Slim Family, suggests a potential lack of confidence or a strategic divestment. While the reasons are not disclosed, such significant insider selling often precedes periods of underperformance or indicates that the insider believes the stock is fully valued or overvalued. Investors should consider this a bearish signal and evaluate their positions accordingly.

Keywords

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