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 450.31 units on September 21, 2026 as an award/acquisition (Form 4 code A). The filing reports a unit value of COP 30,779.2605, equal to about $9.64 per unit using a conversion rate of COP 3,192.92/USD, for an economic value of approximately $4,341. The Form 4 was filed on September 23, 2026 (within the usual 2‑business‑day window).

Key Details

• Transaction date: 2026-09-21; Form 4 filed: 2026-09-23 (timely).
• Instrument: Units in an institutional voluntary pension fund that invests primarily in Grupo Cibest common and preferred shares (reported as a derivative).
• Amount: 450.31 units at COP 30,779.2605 per unit (≈ $9.64/unit), total ≈ $4,341.
• Shares owned after transaction: Not specified in the filing.
• Footnote F1: Units were credited to a voluntary cash pension fund sponsored by the issuer and managed by an independent administrator. The reporting person has no voting or investment discretion over the fund’s assets; units are payable in cash based on fund value at withdrawal and are not purchased at a fixed/negotiated price. The number of underlying Grupo Cibest shares tied to the units cannot be determined until withdrawal.
• Footnote F2: The instrument reported has no expiration date.

Context
This was an award of units in a company‑sponsored pension fund, not a direct open‑market purchase of common stock. Because the reporting person lacks voting and investment control over the fund’s holdings and the units are valued and redeemed in cash, this transaction is more of a routine payroll/benefit or pension contribution event rather than a direct insider bet on the company’s shares. The economic value reported is modest.