Grupo Cibest (CIB) Director Luis Restrepo Receives Award

What Happened
Restrepo Echavarria Luis Fernando, a director of Grupo Cibest (CIB), was credited with 397.51 units (reported as derivative units) on September 21, 2026. The filing values the units at $9.64 each (COP 30,779.2605 per unit using COP 3,192.92/$1), for an aggregate value of approximately $3,832. The transaction is reported as an acquisition/award (code A) of a derivative interest rather than a direct open-market stock purchase.

Key Details

• Transaction date: 2026-09-21; Form 4 filed: 2026-09-23 (timely filing).
• Units acquired: 397.51 units at $9.64 per unit; total value ≈ $3,832.
• Post-transaction share balance: Not specified in the provided excerpt.
• Footnote F1: The units represent holdings in an institutional voluntary pension fund sponsored by the issuer and managed by an independent third party. The fund is unitized, invests mainly in Grupo Cibest shares plus a small cash component, and the reporting person has no voting or investment discretion over fund assets. Units were credited via a voluntary cash contribution and are payable in cash based on the fund value at withdrawal; the number of underlying Grupo Cibest shares attributable to the units cannot be determined until withdrawal.
• Footnote F2: The instrument has no expiration date.
• Transaction type: Reported as a derivative-unit award (A), not a sale or open-market buy.

Context
This was a credit to a voluntary pension fund account rather than a direct market purchase of company stock. Because the units are held in a unitized pension vehicle where the director lacks voting or investment control and the units are payable in cash based on fund value, the transaction should not be interpreted as a direct statement of the director’s immediate trading intent or company outlook. The filing appears timely (filed within two business days).