Mejia Cardona Andres Felipe 4
4 · Grupo Cibest S.A. · Filed Apr 23, 2026
Research Summary
AI-generated summary of this filing
Grupo Cibest (CIB) Director Andres Mejia Receives 568-Unit Award
What Happened
Andres Mejia Cardona, a director of Grupo Cibest S.A., was credited with 567.83 units in an institutional voluntary pension fund on March 20, 2026. The units were valued at COP 26,230.53 each (≈ $7.10), for an aggregate reported value of about $4,032. This transaction is reported as an award/acquisition of a derivative interest (Form 4 code A) — not a direct open-market purchase of company shares.
Key Details
- Transaction date: 2026-03-20; Filing date: 2026-04-23 (filed ~34 days after the transaction; appears late).
- Units received: 567.83; unit price on that date: COP 26,230.53 ≈ $7.10; total value ≈ $4,032.
- Instrument: Units in an institutional voluntary pension fund that invests primarily in Grupo Cibest shares (reported as a derivative award).
- Shares owned after transaction: The filing does not report a determinable number of Grupo Cibest shares because the units are payable in cash and the number of underlying shares cannot be determined until withdrawal.
- Footnote summary: Units were credited from a voluntary cash contribution to a fund administered by an independent manager; the reporting person has no voting or investment discretion over the fund. Units are not purchased at a fixed/negotiated price and are payable in cash based on fund value at withdrawal.
Context
This was an award of fund units rather than a stock buy or sale. Because the units are held in a third‑party administered pension fund and payable in cash, the transaction does not directly change the insider’s voting control or immediately translate into a known number of company shares. The filing was submitted more than a month after the transaction date; late Form 4 filings can attract SEC attention and may have reporting consequences.
Insider Transaction Report
- Award
Units in Grupo Cibest Equity Securities Fund
[F1]2026-03-20$7.10/sh+567.83$4,032→ 72,058.713 total(indirect: Director Voluntary Pension Fund Units)→ Common Shares and Preferred Shares
Footnotes (1)
- [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.