Grupo Cibest (CIB) Director Sylvia Escovar Receives Award

What Happened

• Director Sylvia Escovar received (A = award/acquisition) 349.93 units of a derivative instrument tied to Grupo Cibest on September 21, 2026. The filing reports a per‑unit value of $9.64, for an aggregate value of about $3,373. The transaction reflects units credited to an institutional voluntary pension fund rather than an open‑market purchase of common stock.

Key Details

• Transaction date and price: 2026-09-21 — 349.93 units @ $9.64 per unit; total ≈ $3,373.
• Filing date: 2026-09-23 (filed two days after the transaction; appears timely under the standard 2-business-day Form 4 rule).
• Shares/securities owned after the transaction: Not specified in the provided filing excerpt.
• Footnote F1: The reported units are held 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 common and preferred shares plus some cash, and the reporting person has no voting or investment discretion over fund assets. Units were credited as a voluntary cash contribution, are not bought at a fixed/negotiated price, and are payable in cash based on the fund’s value at withdrawal. Unit price on 2026-09-21 was COP 30,779.2605 (~$9.64 using COP 3,192.92 per $1).
• Footnote F2: The instrument has no expiration date.

Context

• These units give Escovar economic exposure via a pension fund, not direct voting control of Grupo Cibest shares; the exact number of underlying Grupo Cibest shares attributable to the units cannot be determined until withdrawal. Such pension‑fund credits are routine compensation/benefit transactions and do not necessarily signal an insider trading view on the company’s stock.