Grupo Cibest (CIB) Director Juan Esteban Toro Valencia Receives Award

What Happened
Juan Esteban Toro Valencia, a director of Grupo Cibest S.A. (CIB), was credited with 462.27 units of an institutional voluntary pension fund on August 20, 2026. The units were valued at COP 29,733.504428 per unit (≈ $9.73 per unit using COP 3,053.48/US$1), for an aggregate reported value of approximately $4,498. The filing classifies this as an acquisition/award (transaction code A) and as a derivative instrument.

Key Details

• Transaction date: August 20, 2026; Filing date (accession): August 24, 2026 (filed 4 days after the transaction). Typical Form 4 deadline is 2 business days; this filing appears later than that deadline.
• Reported amount: 462.27 units at ~$9.73/unit; total reported value ≈ $4,498.
• Instrument type: Derivative units in a unitized institutional voluntary pension fund (not direct common shares).
• Shares owned after transaction: Not specified in the provided filing.
• Footnotes:
  • F1 — Units are held in an issuer‑sponsored, third‑party–managed voluntary pension fund that invests primarily in Grupo Cibest shares plus cash. The reporting person has no voting or investment discretion over fund assets. Units were credited from a voluntary cash contribution and are payable in cash based on fund value at withdrawal; the number of underlying Grupo Cibest shares attributable to these units cannot be determined until withdrawal. The stated unit price on Aug 20, 2026 was COP 29,733.504428 (≈ $9.73 using conversion COP 3,053.48 = $1).
  • F2 — The instrument has no expiration date.

Context
This was not an open‑market purchase of shares but a credit of units in a pension fund (a common form of employee/director benefit). Because the units are unitized derivatives and managed by an independent administrator, the reporting person does not control voting or investment decisions for the underlying assets; the economic exposure to Grupo Cibest shares will only be quantifiable at withdrawal.