Restrepo Echavarria Luis Fernando 4

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.