Form 4: Slim Family's Control Empresarial Sells PBF Energy Shares

Control Empresarial de Capitales S.A. de C.V., linked to the Slim Family, sold shares of PBF Energy Inc. on August 26th and 27th, 2024.

Summary

• Control Empresarial de Capitales S.A. de C.V., a company associated with the Slim Family, reported the sale of PBF Energy Inc. Class A Common Shares.
• On August 26, 2024, 92,000 shares were sold at a weighted average price of $33.3048.
• On August 27, 2024, an additional 175,000 shares were sold at a weighted average price of $32.7286.
• Following these transactions, Control Empresarial still owns 18,619,598 shares, representing approximately 15.9% of the outstanding 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.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting share sales, with no inherent positive or negative sentiment. It simply reflects transactions that have occurred.

Industry Context

This filing indicates a change in the ownership structure of PBF Energy, which could be of interest to investors monitoring major shareholders and potential shifts in company control.

Stakeholder Impact

• The share sales by Control Empresarial could potentially impact shareholder confidence, depending on market perception of the Slim Family's investment strategy.

Key Dates