Toro Valencia Juan Esteban 4

What Happened
Juan Esteban Toro Valencia, a director of Grupo Cibest (CIB), was credited 519.53 units in an institutional voluntary pension fund on June 17, 2026. The units were valued at COP 27,081.70 per unit (≈ $7.90/unit), for a total economic value of about $4,104. This filing reports an award/acquisition (derivative) rather than a direct open-market purchase of common stock.

Key Details

• Transaction type: Award / acquisition (code A); reported as a derivative instrument.
• Date of transaction: June 17, 2026; filing date: June 22, 2026 (filed 5 days after the transaction, which is past the typical 2-business-day Form 4 deadline).
• Quantity and price: 519.53 units × COP 27,081.70 per unit ≈ $7.90 per unit; total ≈ $4,104.
• Shares owned after transaction: Not specified in the filing.
• Footnote summary (important):
  • The reported securities are unit interests in 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's assets. Units were credited from a voluntary cash contribution and are payable solely in cash based on the fund value at withdrawal; they are not purchased at a fixed or negotiated price.
  • The number of Grupo Cibest shares economically attributable to these units cannot be determined until withdrawal.
• Instrument detail: The instrument has no expiration date.

Context
This is effectively a pension-fund credit (a derivative/unit interest) tied to a fund that primarily holds Grupo Cibest securities, not a direct purchase of CIB shares. Because the reporting person lacks voting/investment control over the fund, this transaction does not indicate active insider buying/selling of company stock. The late filing (filed June 22 for a June 17 transaction) may be noteworthy for compliance monitoring.