Jaramillo Mejia Ricardo 4
4 · Grupo Cibest S.A. · Filed May 21, 2026
Research Summary
AI-generated summary of this filing
Grupo Cibest (CIB) Director Ricardo Jaramillo Receives Award
What Happened
Ricardo Jaramillo Mejia, a director of Grupo Cibest S.A. (CIB), was credited with 314.764 units (reported as a derivative acquisition/award) on May 19, 2026. The filing reports an effective unit price of $6.29, giving a total reported value of approximately $1,980. This was an award/acquisition credited to an institutional voluntary pension fund rather than a direct open-market purchase of common stock.
Key Details
- Transaction date and value: 2026-05-19 — 314.764 units @ $6.29 per unit; total ≈ $1,980.
- Shares/units owned after transaction: Not specified in the Form 4 filing.
- Footnotes:
- F1: Units represent interests in an issuer-sponsored institutional voluntary pension fund administered by an independent manager. The reporting person has no voting or investment discretion over the fund. Units were credited from a voluntary cash contribution, are payable in cash based on fund value at withdrawal, and the equivalent number of Grupo Cibest shares cannot be determined until withdrawal. Unit price used (May 19, 2026): COP 23,885.9 ≈ $6.29 (conversion COP 3,796.78/USD).
- F2: The instrument has no expiration date.
- Filing timeliness: Form filed 2026-05-21 for a 2026-05-19 transaction; appears to be filed within the usual reporting window.
Context
This transaction reflects units credited to a pension fund (a retirement/savings vehicle administered externally) rather than a direct, discretionary purchase of company shares by the director. Such contributions are typically part of personal retirement arrangements and do not confer voting control over the fund’s assets. The reported value is small, and the economic exposure to underlying Grupo Cibest shares cannot be determined until fund withdrawal.
Insider Transaction Report
- Award
Units in Grupo Cibest Equity Securities Fund
[F1][F2]2026-05-19$6.29/sh+314.764$1,980→ 7,260.302 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