Restrepo Echavarria Luis Fernando 4

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.