Form 4: Slim Family Affiliate Sells PBF Energy Shares

Control Empresarial de Capitales, an entity associated with the Slim Family, reported the sale of 680,000 Class A Common Shares of PBF Energy Inc. across four transactions in early February 2026.

Summary

• Control Empresarial de Capitales S.A. de C.V. (CEC), identified as a 10% owner and director-affiliated entity, sold Class A Common Shares of PBF Energy Inc. (PBF).
• A total of 680,000 Class A Common Shares were sold over two days: 200,000 shares on February 3, 2026, and 480,000 shares on February 4, 2026.
• The sales were executed at weighted average prices ranging from $33.2817 to $35.2764 per share.
• Following these transactions, CEC beneficially owns 29,583,498 Class A Common Shares.
• This remaining stake represents approximately 25.5% of PBF Energy's 115,847,488 issued and outstanding Class A Common Shares, as reported in the Form 10-Q filed on October 30, 2025.
• The Slim Family, through their beneficial ownership of Control Empresarial, is deemed to indirectly beneficially own these shares.

Sentiment

Score: 4

Explanation: StockSavvy.ai views this as a slightly negative signal, as a significant insider has reduced their stake, which can sometimes be interpreted as a lack of confidence or a portfolio rebalancing, though it is a disclosure of a past transaction.

Positives

• NA

Negatives

• A significant insider, Control Empresarial de Capitales S.A. de C.V., sold 680,000 Class A Common Shares of PBF Energy Inc.
• The sales occurred over two consecutive days, indicating a planned reduction in the insider's equity exposure.

Risks

• NA

Future Outlook

NA

Management Comments

• NA

Industry Context

StockSavvy.ai notes that insider selling, particularly by a significant shareholder like Control Empresarial de Capitales (affiliated with the Slim Family), can sometimes be interpreted by the market as a signal regarding the company's future prospects or a strategic portfolio rebalancing. This transaction reduces their stake in PBF Energy, a refiner, at a time when the energy sector can experience volatility.

Comparison to Industry Standards

• NA

Management Changes

Corporate Governance

Legal Proceedings

• NA

Related Party Transactions

• Control Empresarial de Capitales S.A. de C.V., an entity affiliated with the Slim Family (who are also deemed beneficial owners), sold Class A Common Shares of PBF Energy Inc.

Stakeholder Impact

• Shareholders: May interpret the insider selling as a negative signal, potentially impacting investor confidence and share price.
• Management: The transaction itself does not directly impact management operations but could influence market perception of the company.

Next Steps

• NA

Key Dates

Recommendation

The filing reports a significant insider sale by Control Empresarial de Capitales, an entity associated with the Slim Family, reducing their stake in PBF Energy Inc. While insider selling can be a negative signal, this Form 4 alone does not provide sufficient fundamental information to warrant a strong buy or sell recommendation. Investors should monitor future insider activity and broader company performance.

Keywords

PBF Energy, PBF, Control Empresarial de Capitales, Slim Family, insider trading, Form 4, share sale, beneficial ownership, Class A Common Shares