Restrepo Echavarria Luis Fernando 4/A
Research Summary
AI-generated summary
Grupo Cibest Director Restrepo Receives Award of 492.52 Units
What Happened
- Luis Fernando Restrepo Echavarria, a director of Grupo Cibest S.A. (CIB), was credited with 492.52 units on July 16, 2026. The units are reported as a derivative acquisition (Award/Grant) with a per‑unit value of $8.13, for a total reported value of approximately $4,004. This Form 4/A amends an earlier Form 4 to correct previously reported counts.
Key Details
- Transaction date: July 16, 2026; Filing: amended Form 4 filed July 23, 2026 (original Form 4 filed July 17, 2026).
- Amount: 492.52 units at $8.13 per unit; total ≈ $4,004.
- Shares owned after transaction: the filing does not state a determinable number of Grupo Cibest shares attributable to these units; per the footnote, the number of underlying shares cannot be determined until fund withdrawal.
- Notable footnotes:
- F1: Units represent holdings in 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. Units were credited from a voluntary cash contribution and are payable in cash based on fund value at withdrawal.
- F2: This amendment corrects clerical errors in previously reported derivative counts on the original July 17 filing.
- F3: The instrument has no expiration date.
- Timeliness: This is an amended (corrective) filing; the original Form 4 was filed promptly on July 17, 2026.
Context
- These are derivative units in a unitized pension fund that primarily holds Grupo Cibest securities; they give economic exposure but do not represent direct share voting control and are payable in cash based on fund valuation. This type of award signals a contribution into a company‑sponsored pension vehicle rather than an open‑market purchase of shares.