Jaramillo Mejia Ricardo 4
4 · Grupo Cibest S.A. · Filed Apr 23, 2026
Research Summary
AI-generated summary of this filing
Grupo Cibest (CIB) Director Ricardo Jaramillo Receives Award
What Happened
Ricardo Jaramillo, a director of Grupo Cibest (CIB), was granted/acquired 271.6 units (reported as a derivative) on March 20, 2026. The filing reports a per‑unit value of $7.10, for a total value of approximately $1,928. This transaction is reported as an award/acquisition (code A), not a sale.
Key Details
- Transaction date: 2026-03-20; reported on Form 4 filed 2026-04-23 (appears late relative to the usual two-business-day deadline).
- Amount: 271.6 units at COP 26,230.53 per unit (≈ $7.10 per unit using COP 3,692.48/$1) — total ≈ $1,928.
- Security type: Units in an institutional voluntary pension fund (reported as a derivative); footnote indicates instrument has no expiration date.
- Shares owned after transaction: Not specified in the filing.
- Footnote highlights: units were credited via a voluntary cash contribution to a pension fund sponsored by the issuer and managed by an independent third party; the reporting person has no voting or investment discretion over fund assets; units are payable in cash based on fund value and underlying Grupo Cibest share equivalents cannot be determined until withdrawal.
Context
This was an acquisition of pension‑fund units rather than a direct open‑market purchase of company shares. Because the units are unitized and payable in cash based on fund value, the economic exposure to underlying Grupo Cibest shares is indirect and the exact number of attributable shares isn’t known until withdrawal. The dollar value is small (~$1.9K), and the late filing reduces timeliness of disclosure but does not by itself indicate intent or sentiment.
Insider Transaction Report
- Award
Units in Grupo Cibest Equity Securities Fund
[F1][F2]2026-03-20$7.10/sh+271.6$1,928→ 6,679.938 total(indirect: Director Voluntary Pension Fund Units)→ Common Shares and Preferred Shares
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