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 S.A. (CIB), received 265.6 units in an institutional voluntary pension fund on April 20, 2026. The filing reports a unit value of $7.26, for an economic value of approximately $1,928. This transaction is reported as an award/acquisition of derivative units rather than a direct open‑market purchase of company shares.
Key Details
- Transaction date: 2026-04-20; Form 4 filed: 2026-04-23 (no late‑filing flag provided in the supplied data).
- Amount: 265.6 units at COP 26,765.16 per unit (≈ $7.26 using COP 3,615.1/USD) — total ≈ $1,928.
- Securities type: Units in an institutional voluntary pension fund (derivative instrument). Footnote indicates the instrument has no expiration date.
- Shares owned after transaction: not specified in the provided filing details.
- Footnote highlights: units are held in a unitized pension fund sponsored by the issuer and managed by a third party; the reporting person has no voting or investment discretion over the fund; units were credited via a voluntary cash contribution and are payable in cash based on the fund value at withdrawal. The number of underlying Cibest shares cannot be determined until withdrawal.
Context
These units represent economic exposure to a pension fund that primarily holds Grupo Cibest securities, not direct beneficial ownership of specific Cibest shares or voting rights. Such pension‑fund credits are common and are less direct signals of management sentiment than outright open‑market buys or sells.
Insider Transaction Report
- Award
Units in Grupo Cibest Equity Securities Fund
[F1][F2]2026-04-20$7.26/sh+265.6$1,928→ 6,945.538 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