Form 4: Slim Family Affiliate Sells PBF Energy Shares

Control Empresarial de Capitales, an entity associated with the Slim Family, reported the sale of 860,000 Class A Common Shares of PBF Energy Inc. over two days in March 2026.

Summary

• Control Empresarial de Capitales S.A. de C.V., a significant shareholder and director of PBF Energy Inc., reported sales of Class A Common Shares.
• On March 10, 2026, 22,000 shares were sold at a weighted average price of $40.0843 per share, with prices ranging from $39.99 to $40.13.
• On March 11, 2026, an additional 838,000 shares were sold at a weighted average price of $41.9138 per share, with prices ranging from $41.5101 to $42.23.
• Following these transactions, Control Empresarial de Capitales directly owns 25,391,098 Class A Common Shares.
• The Slim Family, including Mr. Carlos Slim Helu and others, indirectly beneficially owns these 25,391,098 shares through a Mexican trust that owns Control Empresarial.
• These beneficially owned shares represent approximately 21.7% of PBF Energy's 116,926,814 issued and outstanding Class A Common Shares, as reported in the company's Form 10-K filed on February 12, 2026.

Sentiment

Score: 3

Explanation: StockSavvy.ai views this as a moderately negative signal due to significant insider selling by a major shareholder and director, which can imply a lack of confidence or a belief that the stock is currently overvalued.

Negatives

• A significant shareholder and director, Control Empresarial de Capitales, sold a total of 860,000 Class A Common Shares of PBF Energy Inc. over two days.
• The sales occurred on March 10 and March 11, 2026, potentially signaling a lack of confidence or a view that the stock is fully valued.

Future Outlook

NA

Management Comments

• 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 range set forth in this footnote (1) to this Form 4.
• 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 range set forth in this footnote (2) to this Form 4.

Industry Context

StockSavvy.ai notes that insider selling, especially from a significant shareholder and director, can sometimes be interpreted by the market as a signal regarding the insider's perception of the company's valuation or future prospects. In the energy sector, such transactions are often scrutinized for insights into commodity price expectations or company-specific developments.

Related Party Transactions

• Control Empresarial de Capitales S.A. de C.V., a 10% owner and director of PBF Energy Inc., sold Class A Common Shares.
• The Slim Family, who are beneficiaries of a trust owning Control Empresarial, are also considered indirect beneficial owners and related parties to these transactions.

Stakeholder Impact

• Shareholders: The sale by a significant insider could lead to negative market sentiment and potentially impact share price.
• Management: No direct impact on management operations is indicated, but it could affect external perception of the company's prospects.

Key Dates

Recommendation

The significant insider selling by Control Empresarial de Capitales, a 10% owner and director, suggests a potential lack of confidence or a view that PBF Energy's stock is fully valued. While this is a negative signal, without further fundamental analysis or context on the reasons for the sale (e.g., diversification, liquidity needs), a 'hold' recommendation is prudent. Investors should monitor future insider activity and company performance closely.

Keywords

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