Grupo Cibest (CIB) Director Andres Mejia Receives Award of 657 Units

What Happened
Director Andres Mejia Cardona received 656.67 units (reported as a derivative acquisition/award) in an institutional voluntary pension fund tied to Grupo Cibest on August 20, 2026. The filing reports a unit price of COP 29,733.504428, equal to approximately $9.73 per unit using a conversion rate of COP 3,053.48/USD, for a total economic value of about $6,389. This is an acquisition/award rather than a sale.

Key Details

• Transaction date: 2026-08-20; Form 4 filed: 2026-08-24 (filed within the normal two-business-day window).
• Quantity and price: 656.67 units @ ~$9.73 per unit; total reported value ≈ $6,389.
• Post-transaction holdings: The filing does not specify the exact number of Grupo Cibest shares attributable to these units; underlying share count is indeterminate until fund withdrawal.
• Footnote F1: Units were credited to an institutional voluntary pension fund sponsored by the issuer and managed by an independent third party. The reporting person has no voting or investment discretion over fund assets; the units were credited via a voluntary cash contribution and are payable in cash based on fund value at withdrawal.
• Footnote F2: The instrument has no expiration date.
• Transaction type code: A (award/acquisition of derivative units).

Context
This transaction represents an award/credit into a unitized pension fund, not a direct open-market purchase of company shares. Because the units are held in a pooled, third‑party‑managed fund (and are payable in cash based on fund value), the report does not show how many underlying Grupo Cibest shares the units represent until withdrawal — so this is a form of deferred economic exposure rather than an immediate stake with voting rights.