Restrepo Echavarria Luis Fernando 4

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.