Mejia Cardona Andres Felipe 4
Research Summary
AI-generated summary
Grupo Cibest (CIB) Director Andres Mejia Receives 74,988 Units (Award)
What Happened
- Andres Felipe Mejia Cardona, a director of Grupo Cibest S.A. (CIB), was credited with 74,988.161 units (reported as a derivative instrument) on July 16, 2026. The filing lists the unit value as $8.13 each, for an aggregate economic value of approximately $609,654. The transaction is reported as an award/grant/acquisition (code A).
Key Details
- Transaction date: 2026-07-16; filing date (Form 4): 2026-07-17 (timely).
- Price/value: Unit value COP 26,276.515609 ≈ $8.13 using COP 3,233.91/USD; total ≈ $609,654.
- Security: 74,988.161 Units (derivative instrument), instrument reported with no expiration date (Footnote F2).
- Shares owned after transaction: Not specified / cannot be determined from the filing — the units represent interests in a pooled pension fund rather than direct share holdings.
- Notable footnote (F1): Units were credited to an institutional voluntary pension fund sponsored by the issuer and managed by a third party. The reporting person has no voting or investment discretion over the fund assets. Units were credited from a voluntary cash contribution, are payable in cash based on the fund value at withdrawal, and the number of underlying Grupo Cibest shares attributable to these units is not determinable until withdrawal.
Context
- This was an award/credit into a company-sponsored voluntary pension fund, not an open-market purchase of company shares. Because the units are unitized and payable in cash based on the fund value (and the reporting person lacks voting/investment control), the transaction reflects a pension contribution mechanism rather than a direct insider buy or sell of equity.