Form 4: Slim Family Affiliate Sells PBF Energy Shares

Control Empresarial de Capitales, an entity associated with the Slim Family, reported the sale of 229,900 Class A Common Shares of PBF Energy Inc. across two transactions in February 2026.

Summary

• Control Empresarial de Capitales S.A. de C.V., a 10% owner and director of PBF Energy Inc., reported the sale of Class A Common Shares.
• On February 9, 2026, 228,500 Class A Common Shares were sold at a weighted average price of $35.2622 per share, with prices ranging from $35.10 to $35.555.
• On February 10, 2026, an additional 1,400 Class A Common Shares were sold at a price of $34.5 per share.
• Following these transactions, Control Empresarial de Capitales beneficially owns 28,893,198 Class A Common Shares.
• The Slim Family, beneficiaries of a Mexican trust that owns Control Empresarial, are deemed to indirectly beneficially own these shares.
• The beneficially owned shares represent approximately 24.9% of the 115,847,488 issued and outstanding Class A Common Shares of PBF Energy Inc., as reported in the Issuer's Form 10-Q filed on October 30, 2025.

Sentiment

Score: 4

Explanation: StockSavvy.ai views this as a moderately negative signal due to significant insider selling by a major beneficial owner, which could suggest a lack of conviction or portfolio rebalancing, though the total percentage sold is not a complete divestment.

Negatives

• A significant beneficial owner, Control Empresarial de Capitales S.A. de C.V., sold a substantial number of shares, which can be interpreted as a negative signal by the market.

Risks

• The sale of shares by a major insider could lead to negative market perception regarding the company's future prospects or valuation.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding PBF Energy Inc.'s future outlook.

Industry Context

StockSavvy.ai notes that insider selling by a significant shareholder like Control Empresarial de Capitales, associated with the prominent Slim Family, can often be interpreted by the market as a signal regarding the company's future prospects or a strategic portfolio rebalancing. While the percentage of shares sold is relatively small compared to their total holdings, such transactions are closely watched by investors.

Related Party Transactions

• Control Empresarial de Capitales S.A. de C.V., a 10% owner and director of PBF Energy Inc., sold shares of the company.
• The Slim Family, who are beneficiaries of a Mexican trust that owns Control Empresarial, are deemed to indirectly beneficially own the shares, establishing a related party relationship.

Stakeholder Impact

• Shareholders may perceive the insider selling as a negative indicator, potentially leading to downward pressure on the stock price.
• The transaction highlights the continued significant ownership stake of Control Empresarial de Capitales and the Slim Family in PBF Energy Inc.

Next Steps

• The reporting persons undertake to provide the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the shares sold at each separate price within the reported range.

Key Dates

Recommendation

The sale of shares by a significant beneficial owner, Control Empresarial de Capitales, could signal a lack of conviction or a strategic portfolio adjustment. While not a complete divestment, such insider selling often warrants investor caution, suggesting a 'hold' position to monitor future developments and company performance.

Keywords

PBF Energy, PBF, Control Empresarial de Capitales, Slim Family, insider selling, Form 4, beneficial ownership, stock sale