Restrepo Echavarria Luis Fernando 4
4 · Grupo Cibest S.A. · Filed Jun 22, 2026
Research Summary
AI-generated summary of this filing
Grupo Cibest (CIB) Director Restrepo Receives 561 Units (Award)
What Happened
Luis Fernando Restrepo Echavarria, a director of Grupo Cibest S.A. (CIB), was reported to have acquired 560.7 units (treated as derivative units) on June 17, 2026. The filing values the units at approximately $7.90 each, for a total economic value of about $4,430. This was an acquisition (award/credit) into an institutional voluntary pension fund rather than an open-market stock purchase.
Key Details
- Transaction date: 2026-06-17; Form 4 filed: 2026-06-22. The filing does not state whether it was late.
- Units/amount: 560.7 units at COP 27,081.70 per unit (≈ $7.90), total ≈ $4,430. Conversion rate used: COP 3,427.07 per $1.
- Nature: Reported as a derivative acquisition (units in a pension fund). Footnote F2: the instrument has no expiration date.
- Shares owned after transaction: Not specified in the filing.
- Footnote F1: Units were credited to an institutional voluntary pension fund sponsored by Grupo Cibest and managed by an independent third party. The reporting person has no voting or investment discretion over the fund assets. Units were credited via a voluntary cash contribution, are not purchased at a fixed/negotiated price, and are payable in cash based on the fund value at withdrawal. The number of underlying Grupo Cibest shares attributable to the units isn’t fixed until withdrawal.
Context
This transaction reflects an economic interest credited to a pension fund (a common compensation/retirement mechanism) rather than a direct share purchase or sale by the director. Because the reporting person lacks voting/investment control of the fund’s assets, the transaction should not be read as a direct trading signal about the director’s view on the company.
Insider Transaction Report
- Award
Units in Grupo Cibest Equity Securities Fund
[F1][F2]2026-06-17$7.90/sh+560.7$4,430→ 41,063.047 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 June 17, 2026 was COP 27,081.70 equal to approximately $7.90 per Unit using a conversion rate of COP 3,427.07 per $1.
- [F2]The instrument has no expiration date