Toro Valencia Juan Esteban 4
4 · Grupo Cibest S.A. · Filed Apr 23, 2026
Research Summary
AI-generated summary of this filing
Grupo Cibest (CIB) Director Juan Esteban Toro Valencia Receives 678.585 Units
What Happened
Juan Esteban Toro Valencia, a director of Grupo Cibest S.A. (CIB), was credited with 678.585 units in an institutional voluntary pension fund on March 20, 2026. The filing treats this as an award/acquisition of a derivative instrument valued at about $7.10 per unit (unit price COP 26,230.53) for an approximate total of $4,818. This was an acquisition (award/contribution), not a sale.
Key Details
- Transaction date and price: March 20, 2026 — 678.585 units at COP 26,230.53 per unit (≈ $7.10/unit); total ≈ $4,818.
- Security type: Derivative units in an issuer-sponsored institutional voluntary pension fund (reported as A = Award/Acquisition).
- Shares/units owned after the transaction: Not specified in the filing.
- Footnotes of note:
- Units represent holdings in a unitized pension fund administered by an independent third-party manager.
- The reporting person has no voting or investment discretion over the fund assets.
- Units were credited after a voluntary cash contribution, are not purchased at a fixed/negotiated price, and are payable in cash based on fund value at withdrawal.
- The number of underlying Grupo Cibest shares attributable to the units cannot be determined until withdrawal.
- The instrument reportedly has no expiration date.
- Filing timeliness: Form 4 was filed on April 23, 2026 for a March 20, 2026 transaction — this is a late filing (Form 4 is normally due within two business days of the transaction).
Context
This was an award/voluntary contribution into a company-sponsored pension vehicle that is economically linked to Grupo Cibest shares but is cash-settled and does not grant voting control. Such contributions are common and do not necessarily indicate the insider’s near-term trading intentions.
Insider Transaction Report
- Award
Units in Grupo Cibest Equity Securities Fund
[F1][F2]2026-03-20$7.10/sh+678.585$4,818→ 7,644.809 total(indirect: Director Voluntary Pension Fund Units)→ Common Shares and Preferred Shares (678.585 underlying)
Footnotes (2)
- [F1]The reported securities represent units held by the reporting person in an institutional voluntary pension fund sponsored by the issuer and administered by an independent third-party manager. The fund is unitized and invests primarily in Grupo Cibest common and preferred shares, together with a small amount of cash. The reporting person does not have voting or investment discretion with respect to the assets held by the fund. The reported units were credited pursuant to a voluntary cash contribution to the fund, are not purchased at a fixed or negotiated price, and are payable solely in cash based on the value of the fund on the date of withdrawal. The number of Grupo Cibest shares economically attributable to the units cannot be determined until the date of withdrawal. The price of a uniton March 20,2026 was COP 26,230.53 equal to approximately $7.10 per Unit using a conversion rate of COP 3,692.48 per $1.
- [F2]The instrument has no expiration date