Grupo Cibest (CIB) Director Sylvia Escovar Receives Award

What Happened

• Director Sylvia Escovar reported an award/acquisition of 356.85 units (derivative units) in an institutional voluntary pension fund on Aug 20, 2026. The units were valued at COP 29,733.504428 each, equal to approximately $9.73 per unit, for a total reported value of about $3,472. Transaction type: A (award/acquisition); instrument treated as a derivative.

Key Details

• Transaction date: 2026-08-20; Form 4 filed: 2026-08-24 (filed 4 days after the transaction).
• Price/value: COP 29,733.504428 per unit ≈ $9.73; 356.85 units ≈ $3,472 total.
• Shares/units owned after transaction: not specified on the filing.
• Footnote highlights:
  • F1: Reported securities are units in an institutional voluntary pension fund sponsored by Grupo Cibest and managed by an independent third party. The fund is unitized, invests mainly in Grupo Cibest shares plus some cash, and the reporting person has no voting or investment discretion over the fund assets. Units were credited from a voluntary cash contribution, are payable in cash on withdrawal, and the number of underlying Grupo Cibest shares attributable to the units cannot be determined until withdrawal. Conversion used: COP 3,053.48 = $1.
  • F2: The instrument has no expiration date.
• Timeliness: The Form 4 was filed Aug 24 for an Aug 20 transaction — Form 4s are typically due within two business days, so this appears to be a late filing. Late filings reduce the timeliness of the disclosure.

Context

• This was not a direct open-market purchase of company stock but an acquisition of pension-fund units that provide economic exposure to Grupo Cibest shares; the reporting person does not control voting or investment of the fund. Because the units are payable in cash based on fund value and underlying share equivalents are undetermined until withdrawal, this transaction shows economic exposure rather than a straightforward share purchase.