Slim Family Continues Significant Share Sales in PBF Energy, Reducing Stake to 21.2%

summarizeSummary

The Slim Family, through Control Empresarial, reported additional sales of 1.72 million shares of PBF Energy common stock for over $74 million, continuing a pattern of reducing their stake.

check_boxKey Events

• Major Shareholder Reduces Stake

  The Slim Family, through Control Empresarial, sold an additional 1,723,000 shares of PBF Energy Class A Common Stock.

• Significant Transaction Value

  These sales, occurring between March 5 and March 13, 2026, generated proceeds of approximately $74.1 million.

• Remaining Ownership

  Following these transactions, the Slim Family and Control Empresarial beneficially own 24,746,098 shares, representing 21.2% of the outstanding Class A Common Shares.

• Continuation of Recent Selling Trend

  This filing follows previous disclosures of substantial sales by the Slim Family in early March, indicating a sustained reduction in their investment.

auto_awesomeAnalysis

This Schedule 13D/A details further significant share sales by the Slim Family, a major 10% owner, through Control Empresarial de Capitales. The sale of 1.72 million shares for over $74 million since the last amendment on March 4th represents a continued reduction in their holdings. While 10% owner sales are often for portfolio rebalancing, the consistent and substantial selling activity from this major shareholder, following previous sales of $97.4 million and $48 million in early March, could signal a lack of conviction or a strategic shift in their investment in PBF Energy. This ongoing selling pressure from a large holder may weigh on the stock.