On July 22, 2026, two insiders at PBF Energy Inc. (PBF) executed significant share sales totaling approximately $14.07 million. Empresarial De Capitales S.A. De C.V. Control sold 120,000 shares at an average price of $64.35, amounting to $7.72 million, and an additional 100,000 shares at $63.50, valued at $6.35 million.
While insider selling can stem from various personal financial strategies such as diversification or tax planning, the coordinated nature of these transactions by multiple insiders may attract investor attention. This activity follows a series of other sales by the same entity earlier in July.
PBF Energy Inc. is an independent petroleum refiner and marketer of transportation fuels, lubricants, petrochemicals and other products. The company operates refineries across the United States, with a focus on the East Coast and Gulf Coast regions.