PBF Energy (NYSE: PBF) large holder sells 365K Class A shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Control Empresarial de Capitales S.A. de C.V., a ten percent owner of PBF Energy Inc., reported open-market sales of a total of 365,000 Class A Common Shares. The trades were executed on two dates at weighted average prices in the low-to-mid $40s per share.
The holder sold 362,000 shares on one day at a weighted average price of $43.4976 and 3,000 shares on the next day at a weighted average price of $44.4133, through multiple transactions within stated price ranges. After these sales, it still holds 18,888,698 Class A Common Shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 365,000 shares ($15,879,371)
Net Sell
2 txns
Insider
Control Empresarial de Capitales S.A. de C.V.
Role
null
Sold
365,000 shs ($15.88M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Shares (as defined in Exhibit 99.1 hereto) | 3,000 | $44.4133 | $133K |
| Sale | Class A Common Shares (as defined in Exhibit 99.1 hereto) | 362,000 | $43.4976 | $15.75M |
Holdings After Transaction:
Class A Common Shares (as defined in Exhibit 99.1 hereto) — 18,888,698 shares (Direct, null)
Footnotes (1)
- Weighted average price. These shares were sold in multiple transactions at prices ranging from $43.20 to $43.88 inclusive. 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. Weighted average price. These shares were sold in multiple transactions at prices ranging from $44.40 to $44.44 inclusive. 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. See attached Exhibit 99.1 to this Form 4, which is hereby incorporated herein by reference.
Key Figures
Shares sold total: 365,000 shares
Large block sale: 362,000 shares
Smaller block sale: 3,000 shares
+3 more
6 metrics
Shares sold total
365,000 shares
Open-market sales reported in Form 4
Large block sale
362,000 shares
Sold at $43.4976 weighted average price
Smaller block sale
3,000 shares
Sold at $44.4133 weighted average price
Post-transaction holdings
18,888,698 shares
Class A Common Shares owned after sales
Price range first day
$43.20–$43.88
Multiple transactions on earlier trade date
Price range second day
$44.40–$44.44
Multiple transactions on later trade date
Key Terms
open-market sale, weighted average price, ten percent owner, Class A Common Shares
4 terms
open-market sale financial
"transaction_action: open-market sale"
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
weighted average price financial
"Weighted average price. These shares were sold in multiple transactions"
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
ten percent owner financial
"is_ten_percent_owner: 1"
FAQ
What insider activity did PBF Energy (PBF) report in this Form 4?
PBF Energy reported that Control Empresarial de Capitales S.A. de C.V., a ten percent owner, conducted open-market sales totaling 365,000 Class A Common Shares. These transactions were executed over two days at weighted average prices in the low-to-mid $40s per share.