Carlos Slim Group Amends PBF Energy Stake Filing

TL;DR

Slim's group updated their PBF Energy filing. Watch for potential moves.

AI Summary

Carlos Slim Domit and related entities, including Helu Carlos Slim, have filed an amendment (No. 3) to their Schedule 13D concerning PBF Energy Inc. The filing, dated December 2, 2024, indicates a change in beneficial ownership of PBF Energy's Class A Common Stock. The group members listed are Carlos Slim Domit, Control Empresarial De Capitales, S.A. De C.V., and several other individuals with the surname Slim Domit.

Why It Matters

This filing signals a potential shift in significant ownership for PBF Energy, which could influence the company's stock performance and strategic direction.

Risk Assessment

Risk Level: medium — Changes in beneficial ownership filings can precede significant market activity or strategic shifts by large shareholders.

Key Players & Entities

• PBF Energy Inc. (company) — Subject Company
• Carlos Slim Domit (person) — Group Member
• Helu Carlos Slim (person) — Filing Person
• Control Empresarial De Capitales, S.A. De C.V. (company) — Group Member
• Jorge U. Juantorena, Esq. (person) — Legal Counsel
• Kyle A. Harris, Esq. (person) — Legal Counsel

FAQ

Key Financial Figures

• $0.001 — (Name of Issuer) Class A Common Stock, $0.001 par value per share (Title of Class of
• $42.6 million — Shares of the Issuer for approximately $42.6 million using the working capital of Control Em
• $29.95 — ple transactions at prices ranging from $29.95 to $30.00 inclusive. The reporting pers
• $30.00 — ctions at prices ranging from $29.95 to $30.00 inclusive. The reporting persons undert
• $30.08 — ple transactions at prices ranging from $30.08 to $30.10 inclusive. The reporting pers
• $30.10 — ctions at prices ranging from $30.08 to $30.10 inclusive. The reporting persons undert
• $29.415 — ple transactions at prices ranging from $29.415 to $29.53 inclusive. The reporting pers
• $29.53 — tions at prices ranging from $29.415 to $29.53 inclusive. The reporting persons undert
• $29.865 — ple transactions at prices ranging from $29.865 to $30.10 inclusive. The reporting pers
• $31.19 — ple transactions at prices ranging from $31.19 to $31.40 inclusive. The reporting pers
• $31.40 — ctions at prices ranging from $31.19 to $31.40 inclusive. The reporting persons undert
• $31.3175 — ple transactions at prices ranging from $31.3175 to $31.50 inclusive. The reporting pers
• $31.50 — ions at prices ranging from $31.3175 to $31.50 inclusive. The reporting persons undert
• $31.57 — ple transactions at prices ranging from $31.57 to $31.75 inclusive. The reporting pers
• $31.75 — ctions at prices ranging from $31.57 to $31.75 inclusive. The reporting persons undert

Filing Documents

• ef20039407_sc13da.htm (SC 13D/A) — 292KB
• 0001140361-24-048203.txt ( ) — 293KB

From the Filing

SC 13D/A 1 ef20039407_sc13da.htm SC 13D/A UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934* (Amendment No. 3)* PBF Energy Inc. (Name of Issuer) Class A Common Stock, $0.001 par value per share (Title of Class of Securities) 69318G106 (CUSIP Number) Paseo De Las Palmas 781, Piso 3 Lomas De Chapultepec Ciudad De Mexico, Mexico 11000 (52) 55 5625 4961 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) With copies to: Jorge U. Juantorena, Esq. Kyle A. Harris, Esq. Cleary Gottlieb Steen & Hamilton LLP One Liberty Plaza New York, NY 10006 November 27, 2024 (Date of Event which Requires Filing of this Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. * The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 69318G106 Schedule 13D Page 2 of 13 1 NAMES OF REPORTING PERSONS Carlos Slim Hel 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) (b) 3 SEC USE ONLY 4 SOURCE OF FUNDS (SEE INSTRUCTIONS) WC 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E) Not applicable 6 CITIZENSHIP OR PLACE OF ORGANIZATION United Mexican States NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 7 SOLE VOTING POWER 0 8 SHARED VOTING POWER 27,563,498 Class A Common Shares 9 SOLE DISPOSITIVE POWER 0 10 SHARED DISPOSITIVE POWER 27,563,498 Class A Common Shares 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 27,563,498 Class A Common Shares 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 23.9% of the total Class A Common Shares outstanding (1) 14 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) IN (1) Based on approximately 115,123,458 Class A Common Shares (as defined below) issued and outstanding as of October 25, 2024, as reported in the Issuer's Form 10-Q filed with the Securities and Exchange Commission ("SEC") on October 31, 2024. CUSIP No. 69318G106 Schedule 13D Page 3 of 13 1 NAMES OF REPORTING PERSONS Carlos Slim Domit 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) (b) 3 SEC USE ONLY 4 SOURCE OF FUNDS (SEE INSTRUCTIONS) WC 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E) Not applicable 6 CITIZENSHIP OR PLACE OF ORGANIZATION United Mexican States NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 7 SOLE VOTING POWER 0 8 SHARED VOTING POWER 27,563,498 Class A Common Shares 9 SOLE DISPOSITIVE POWER 0 10 SHARED DISPOSITIVE POWER 27,563,498 Class A Common Shares 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 27,563,498 Class A Common Shares 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 23.9% of the total Class A Common Shares outstanding (1) 14 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) IN (1) Based on approximately 115,123,458 Class A Common Shares issued and outstanding as of October 25, 2024, as reported in the Issuer's Form 10-Q filed with the SEC on October 31, 2024. CUSIP No. 69318G106 Schedule 13D Page 4 of 13 1 NAMES OF REPORTING PERSONS Marco Antonio Slim Domit 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) (b) 3 SEC USE ONLY 4 SOURCE OF FUNDS (SEE INSTRUCTIONS) WC 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E) Not applicable 6 CITIZENSHIP OR PLACE OF ORGANIZATION United Mexican States NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 7 SOLE VOTING POWER 0 8 SHARED VOTING POWER 27,563,498 Class A Common Shares 9 SOLE DISPOSITIVE POWER 0 10 SHARED DISPOSITIVE POWER 27,563,498 Class A Common Shares 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 27,563,498 Class A Common Shares 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 23.9% of the total Class A Common Shares outstanding (1) 14 TY

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View this SC 13D/A filing on SEC EDGAR