Zapata Zuluaga Nicolas 4
4 · Grupo Cibest S.A. · Filed Apr 28, 2026
Research Summary
AI-generated summary of this filing
Grupo Cibest (CIB) Director Zapata Receives Award of 362 Units
What Happened Nicolás Zapata Zuluaga, a director of Grupo Cibest S.A. (CIB), was credited with 362.24 units of an institutional voluntary pension fund on April 24, 2026. The filing reports the units at a unit value of COP 25,686.4, equal to approximately $7.21 per unit, for a total value of about $2,612. This transaction is reported as an award/acquisition of a derivative instrument (code A).
Key Details
- Transaction date and price: 2026-04-24; 362.24 units at COP 25,686.4 (~$7.21) per unit; total ≈ $2,612.
- Filing date: Form 4 filed 2026-04-28 (transaction reported 4 days after date of grant).
- Shares owned after transaction: Not specified in the provided filing details.
- Footnotes of note:
- The reported securities are unit interests in an institutional voluntary pension fund sponsored by the issuer and managed by an independent third party. The reporting person does not have voting or investment discretion over the fund assets.
- Units were credited from a voluntary cash contribution and are payable in cash based on the fund’s value at withdrawal; underlying number of Grupo Cibest shares attributable to the units cannot be determined until withdrawal.
- The instrument has no expiration date.
Context This was an acquisition of pension-fund units (a derivative-style interest), not a direct open-market purchase of company stock. While purchases/awards can be viewed positively, these units are held in a third-party administered pension fund with no voting or investment control by the director, and the economic exposure to actual Grupo Cibest shares cannot be converted to a specific share count until withdrawal.
Insider Transaction Report
- Award
Units in Grupo Cibest Equity Securities Fund
[F1][F2]2026-04-24$7.21/sh+362.24$2,612→ 4,025.389 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 24,2026 was COP 25,686.4 equal to approximately $7.21 per Unit using a conversion rate of COP 3,560.6 per $1.
- [F2]The instrument has no expiration date.