Escovar Gomez Sylvia 4

What Happened
Sylvia Escovar Gomez, a director of Grupo Cibest S.A. (CIB), received 307.95 units in an institutional voluntary pension fund on March 20, 2026. The filing lists the unit price as COP 26,230.53 (≈ $7.10) for a reported economic value of about $2,186. This was reported on Form 4 as a grant/award or other acquisition (code A) of a derivative instrument.

Key Details

• Transaction date and price: 2026-03-20; 307.95 units × COP 26,230.53 per unit ≈ $7.10 per unit; total ≈ $2,186.
• Transaction type: A — grant/award or other acquisition of derivative units; footnote F2 notes the instrument has no expiration date.
• Shares owned after transaction: The filing does not specify a determinable number of Grupo Cibest shares attributable to these units — the units are account balances in a pension fund and the underlying share count is only fixed at withdrawal.
• Footnotes: (F1) Units were credited to an institutional voluntary pension fund sponsored by the issuer and managed by an independent third party; the reporting person has no voting or investment discretion over the fund assets. Units came from a voluntary cash contribution, are not purchased at a fixed/negotiated price, and are payable in cash based on fund value at withdrawal. Conversion used COP 3,692.48 per $1.
• Filing timeliness: Transaction dated 2026-03-20; Form 4 filed 2026-04-23 — the filing was late relative to the typical Form 4 reporting window.

Context
This was a credit of pension-fund units (an economic interest in a fund that holds primarily Grupo Cibest shares), not an open-market purchase or sale of company stock by the director. Because the units are held in a managed pension vehicle and the director lacks voting/investment control over the fund, the transaction does not necessarily convey the director’s personal trading decision or a direct bullish signal on the stock.