Toro Valencia Juan Esteban 4
4 · Grupo Cibest S.A. · Filed May 21, 2026
Research Summary
AI-generated summary of this filing
Grupo Cibest (CIB) Director Juan Esteban Toro Valencia Receives Award
What Happened
Juan Esteban Toro Valencia, a director of Grupo Cibest S.A. (CIB), received 765.516 units of an institutional voluntary pension fund on May 19, 2026. The filing reports a unit value of $6.29, giving an economic value of approximately $4,815. The transaction is reported as an award/acquisition (derivative instrument) rather than an open-market purchase or sale.
Key Details
- Transaction date: 2026-05-19 (Form 4 filed 2026-05-21 — appears timely).
- Reported units: 765.516 units at $6.29 per unit; total reported value ≈ $4,815.
- Security type: Units in an institutional voluntary pension fund tied economically to Grupo Cibest shares (reported as a derivative).
- Shares owned after transaction: Not specified in the filing.
- Footnote F1: The units are held in an institutional voluntary 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 after a voluntary cash contribution and are payable in cash based on fund value at withdrawal; the underlying number of Grupo Cibest shares attributable to the units cannot be determined until withdrawal. The May 19, 2026 unit price was COP 23,885.9 (≈ $6.29 using COP 3,796.78/$1).
- Footnote F2: The instrument has no expiration date.
Context
This was an award/credit of pension-fund units (a derivative-like interest in a company-sponsored fund) rather than a direct stock purchase or sale. Because the units are held in a third-party administered pension fund with no voting/investment discretion by the director and are payable in cash based on fund value, the filing does not equate to immediate ownership of a specific number of Grupo Cibest shares.
Insider Transaction Report
- Award
Units in Grupo Cibest Equity Securities Fund
[F1][F2]2026-05-19$6.29/sh+765.516$4,815→ 9,074.884 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 Unit on May 19, 2026 was COP 23,885.9 equal to approximately $6.29 per Unit using a conversion rate of COP 3,796.78 per $1
- [F2]The instrument has no expiration date