Restrepo Echavarria Luis Fernando 4
4 · Grupo Cibest S.A. · Filed Apr 23, 2026
Research Summary
AI-generated summary of this filing
Grupo Cibest (CIB) Director Luis Fernando Restrepo Receives Award
What Happened Luis Fernando Restrepo Echavarria, a director of Grupo Cibest S.A. (CIB), received 397.17 units (reported as a derivative acquisition) on April 20, 2026. The filing reports a unit price of $7.26 (COP 26,765.16 using COP 3,615.1/$1), for a total reported value of approximately $2,883. This was recorded as an award/grant (transaction code A) representing units in an institutional voluntary pension fund rather than a direct grant of common shares.
Key Details
- Transaction date: 2026-04-20; Filing date (Form 4): 2026-04-23.
- Reported amount: 397.17 units at $7.26 per unit; total ≈ $2,883.
- Transaction type: Award/Grant (A) — derivative units credited to a pension fund.
- Shares owned after transaction: Not specified in the provided summary (underlying Grupo Cibest shares attributable to the units are not determinable until withdrawal).
- Notable footnotes: Units are held in an institutional voluntary pension fund administered by a third party; the reporting person has no voting or investment discretion over the fund. Units were credited from a voluntary cash contribution and are payable in cash based on the fund value. The instrument has no expiration date (footnote F2).
Context This was a credit of units in a pension/investment fund (a derivative economic interest) rather than a direct open-market purchase or sale of company stock. Because the units are unitized and convertible to cash based on fund value, the exact number of Grupo Cibest shares economically represented by these units cannot be determined until withdrawal. The filing shows the basic economics and source (voluntary contribution) but does not indicate voting control or active trading by the director.
Insider Transaction Report
- Award
Units in Grupo Cibest Equity Securities Fund
[F1][F2]2026-04-20$7.26/sh+397.17$2,883→ 39,963.765 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 April 20,2026 was COP 26,765.16 equal to approximately $7.26 per Unit using a conversion rate of COP 3,615.1 per $1.
- [F2]The instrument has no expiration date