Zapata Zuluaga Nicolas 4

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.