Grupo Cibest VP reports indirect pension holdings
Rhea-AI Filing Summary
Grupo Cibest S.A. Payments VP Liliana Patricia Vasquez Uribe filed an initial Form 3 reporting indirect economic exposure to the company through several voluntary pension fund arrangements. These positions are held as units in funds that invest primarily in Grupo Cibest common and preferred shares.
Some units are held by her husband in a voluntary pension fund, and others are held by her in institutional and individual voluntary pension funds, all administered by third-party managers. Neither the reporting person nor her husband has voting or investment discretion over the underlying assets, and amounts attributable to the units are payable only in cash upon withdrawal based on fund value, with no stated expiration date.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Units in a Fund that invests in Grupo Cibest | -- | -- | -- |
| holding | Units in Grupo Cibest Equity Securities Fund | -- | -- | -- |
| holding | Units in a Fund that invests in Grupo Cibest | -- | -- | -- |
Footnotes (4)
- F1. The reported securities represent units held by the husband of reporting person in a voluntary pension fund administered by a third-party manager. The fund is unitized and invests primarily in Grupo Cibest common and preferred shares, together with a small amount of liquid assets and cash. The husband of reporting person does not have voting or investment discretion with respect to the assets held by the fund, and the issuer has determined the strategic asset allocation of the fund. Amounts attributable to the reported units are payable solely in cash upon withdrawal determined by reference to the value of the underlying fund assets on the date of withdrawal.
- F2. The instrument has no expiration date
- F3. The reported securities represent units held by the reporting person in an institutional voluntary pension fund sponsored by the issuer and administered by a third-party manager. The fund is unitized and invests primarily in Grupo Cibest common and preferred shares, together with a small amount of liquid assets and cash. The reporting person does not have voting or investment discretion with respect to the assets held by the fund, and the issuer has determined the strategic asset allocation of the fund. Amounts attributable to the reported units are payable solely in cash upon withdrawal determined by reference to the value of the underlying fund assets on the date of withdrawal.
- F4. The reported securities represent units held by the reporting person in a voluntary pension fund administered by a third-party manager. The fund is unitized and invests primarily in Grupo Cibest common and preferred shares, together with a small amount of liquid assets and cash. The reporting person does not have voting or investment discretion with respect to the assets held by the fund, and the issuer has determined the strategic asset allocation of the fund. Amounts attributable to the reported units are payable solely in cash upon withdrawal determined by reference to the value of the underlying fund assets on the date of withdrawal.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What does Grupo Cibest (CIB) Payments VP report on this Form 3?
How are the husband’s holdings in Grupo Cibest (CIB) described?
What pension fund units does the Grupo Cibest (CIB) VP personally hold?
Does the Grupo Cibest (CIB) VP control voting or investment decisions for these funds?
How and when are amounts from these Grupo Cibest (CIB)-linked pension units paid?
AI-generated analysis. How Rhea-AI works. Not financial advice.