Form 4: Slim Family's Control Empresarial Executes PBF Energy Stock Transactions

Control Empresarial de Capitales S.A. de C.V., associated with the Slim Family, reports the acquisition of PBF Energy Inc. Class A Common Shares.

Summary

• Control Empresarial de Capitales S.A. de C.V., linked to the Slim Family, has reported transactions involving Class A Common Shares of PBF Energy Inc.
• On September 9, 2024, they acquired 300,000 shares at a weighted average price of $32.1682.
• On September 10, 2024, they acquired an additional 470,000 shares at a weighted average price of $31.8562.
• Following these transactions, Control Empresarial directly owns 21,857,398 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, representing approximately 18.7% of the outstanding Class A Common Shares of PBF Energy Inc.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a report of stock transactions, with a slight positive leaning due to the increased ownership by a major shareholder.

Positives

• The Slim Family increasing their position in PBF Energy could be seen as a positive signal.

Industry Context

This filing reflects insider trading activity, which is closely monitored by investors for signals about a company's prospects. Significant insider buying can be interpreted as a positive sign, indicating management's confidence in the company's future performance.

Stakeholder Impact

• The increased ownership by the Slim Family could positively influence shareholder confidence.

Key Dates