Restrepo Echavarria Luis Fernando 4
4 · Grupo Cibest S.A. · Filed Jul 17, 2026
Research Summary
AI-generated summary of this filing
Grupo Cibest Director Receives 41,556-Unit Award (~$338K)
What Happened Luis Fernando Restrepo Echavarria, a director of Grupo Cibest S.A. (CIB), was credited with 41,555.57 units on July 16, 2026 as an award/acquisition. The filing values the units at approximately $8.13 per unit for a total of about $337,847. The transaction is reported as a derivative acquisition (grant/award).
Key Details
- Transaction date: July 16, 2026; filing date: July 17, 2026 (filed timely).
- Units credited: 41,555.57 units; reported per-unit value: $8.13; total value: ≈ $337,847.
- Post-transaction holdings: not reported in the filing.
- Footnote highlights:
- F1: These are units in an institutional voluntary pension fund sponsored by the issuer and managed by a third party; units are unitized and invest mainly in Grupo Cibest shares plus cash. The reporting person has no voting or investment discretion over the fund assets. Units were credited via a voluntary cash contribution and are payable in cash based on fund value at withdrawal; the exact number of underlying Grupo Cibest shares cannot be determined until withdrawal. Unit price cited (July 16, 2026) was COP 26,276.515609, converted at COP 3,233.91 = $1.
- F2: The instrument has no expiration date.
Context This was an award of pension-fund units rather than a direct open-market purchase of company stock. Because the units are held in a third-party administered pension vehicle and are payable in cash based on fund value, they do not convey voting or investment control and the economic exposure to Grupo Cibest common/preferred shares is indirect and not immediately quantifiable.
Insider Transaction Report
- Award
Units in Grupo Cibest Equity Securities Fund
[F1][F2]2026-07-16$8.13/sh+41,555.57$337,847→ 82,618.617 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 July 16, 2026 was COP 26,276.515609 equal to approximately $8.13 per Unit using a conversion rate of COP 3,233.91 per $1.
- [F2]The instrument has no expiration date