Grupo Cibest (CIB) Director Luis Fernando Restrepo Receives Award

What Happened
Luis Fernando Restrepo (Director) was credited with 357.66 units of an institutional voluntary pension fund tied to Grupo Cibest on August 20, 2026. The filing reports a unit value of COP 29,733.504428, equal to approximately $9.73 per unit, for a total economic value of about $3,480. The transaction code is "A" (award/grant/acquisition) and the instrument is a derivative with no expiration.

Key Details

• Transaction date: 2026-08-20; Filing date: 2026-08-24 (filed timely).
• Reported amount: 357.66 units @ ~$9.73 per unit; total ≈ $3,480.
• Shares/units owned after transaction: not specified in the filing.
• Footnote summary:
  • F1: Units represent holdings in an institutional voluntary pension fund sponsored by the issuer and managed by an independent third party. The fund is unitized and primarily invests in Grupo Cibest shares plus a small cash portion. Restrepo 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; the number of underlying Grupo Cibest shares attributable to these units cannot be determined until withdrawal. The unit price shown (COP 29,733.504428) was converted at COP 3,053.48 per $1 to get the ~$9.73 figure.
  • F2: The reported instrument has no expiration date.

Context
This transaction represents an award/credit to a pension-style account rather than an open-market purchase of company stock. Because the units are held in a third-party managed pension fund and the reporting person lacks voting or investment control, this does not indicate direct, discretionary insider trading or voting changes. The economic value is modest (~$3.5K), so it is likely a routine compensation/benefit contribution rather than a market-significant insider buy.