Form 4: Slim Family Increases Stake in PBF Energy Inc.

Control Empresarial de Capitales S.A. de C.V., associated with the Slim Family, has increased its holdings in PBF Energy Inc. through recent stock purchases.

Summary

• Control Empresarial de Capitales S.A. de C.V., a company associated with the Slim Family, has reported changes in its beneficial ownership of PBF Energy Inc. shares.
• On February 25, 2025, Control Empresarial purchased 74,000 Class A Common Shares at a weighted average price of $22.7765.
• On February 26, 2025, the company purchased an additional 189,000 Class A Common Shares at a weighted average price of $22.0177.
• Following these transactions, Control Empresarial directly owns 29,974,998 Class A Common Shares.
• The Slim Family, as beneficiaries of a Mexican trust that owns Control Empresarial, may be deemed to indirectly beneficially own these shares.
• These shares represent approximately 26.0% of the 115,313,481 issued and outstanding Class A Common Shares of PBF Energy Inc., as reported on February 13, 2025.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It reflects a routine transaction filing, with no explicit positive or negative implications, but the increased stake could be seen as a mildly positive signal.

Positives

• The increased stake by Control Empresarial could be interpreted as a sign of confidence in PBF Energy's future prospects.

Industry Context

Increased ownership by a major shareholder can sometimes signal confidence in the company's strategy and future performance within the energy sector.

Stakeholder Impact

• The increased stake by a major shareholder could positively influence investor confidence.

Key Dates