Grupo Cibest (CIB) Director Silvina Vatnick Receives Award

What Happened
Silvina Vatnick, a director of Grupo Cibest (CIB), was credited with 442.56 units (reported as a derivative acquisition) on September 21, 2026. Each unit was valued at COP 30,779.2605 (≈ $9.64) using a conversion rate of COP 3,192.92 per $1, for a reported total value of about $4,266. This was an award/acquisition of units in an institutional voluntary pension fund—not an open-market stock purchase.

Key Details

• Transaction date: 2026-09-21; Form 4 filed: 2026-09-24 (appears to be filed after the typical two-business-day Form 4 deadline).
• Instrument/type: A (Award/Grant/other acquisition); reported as a derivative. Footnote F2: the instrument has no expiration date.
• Quantity and price: 442.56 units at COP 30,779.2605 per unit (≈ $9.64) — total ≈ $4,266.
• Shares owned after transaction: Not directly reported. Per footnote F1, the number of Grupo Cibest shares economically attributable to these units cannot be determined until withdrawal.
• Footnote F1 key points: units are held in an institutional voluntary pension fund sponsored by the issuer and managed by a third party; the reporting person 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.

Context
This was not a direct purchase of company stock but an allocation of units in a company‑sponsored pension fund that invests primarily in Grupo Cibest shares. Because the reporting person lacks voting or investment control over the fund and the units are cash‑payable based on fund value, this transaction is informational about the director’s participation in the issuer’s pension vehicle rather than a straightforward insider buy or sell of company shares.