Grupo Cibest S.A.·4

Jun 22, 11:43 AM ET

Escovar Gomez Sylvia 4

Research Summary

AI-generated summary

Updated

Grupo Cibest (CIB) Director Sylvia Escovar Receives Award

What Happened
Sylvia Escovar, a director of Grupo Cibest S.A. (CIB), was credited with 464.91 units (reported as a derivative acquisition/award) on June 17, 2026. The filing values each unit at approximately $7.90, for a total reported value of about $3,673. This was an award/acquisition (report code A), not an open-market purchase or sale.

Key Details

  • Transaction date: 2026-06-17; Form 4 filed: 2026-06-22 (filed after the typical 2-business-day window).
  • Amount: 464.91 units at COP 27,081.70 per unit (≈ $7.90); total ≈ $3,673.
  • Security type: derivative units in an institutional voluntary pension fund sponsored by Grupo Cibest (not direct common shares).
  • Shares owned after transaction: not specified in the provided filing details.
  • Footnotes: (1) Units were credited from a voluntary cash contribution to the unitized pension fund, which invests primarily in Grupo Cibest shares; Escovar has no voting or investment discretion over the fund. The number of underlying Grupo Cibest shares attributable to the units cannot be determined until withdrawal. (2) The instrument has no expiration date.

Context
This was an award/credit of pension fund units rather than a direct stock purchase or sale. Because the units are held in an institutional, unitized pension vehicle managed by a third party, the reporting person does not control voting or investment decisions for the underlying assets. The filing appears to have been submitted late relative to the usual two-business-day Form 4 deadline.