Grupo Cibest (CIB) CFO discloses indirect pension fund exposure to company shares
Rhea-AI Filing Summary
Grupo Cibest S.A. CFO Mauricio Botero Wolff filed an initial insider ownership report showing indirect interests through voluntary pension fund arrangements that invest primarily in Grupo Cibest common and preferred shares.
The filing lists units in an institutional voluntary pension fund sponsored by Grupo Cibest, corresponding to 49,961.566 underlying common and preferred shares, and additional units in a separate voluntary pension fund held through his wife, corresponding to 3,740.9063 underlying shares. Both funds are administered by third-party managers, have no expiration date, and are cash-settled based on the value of the underlying assets at withdrawal. According to the disclosure, neither the reporting person nor his wife has voting or investment discretion over the fund assets; the issuer sets the fund’s strategic asset allocation.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Units in Grupo Cibest Equity Securities Fund | -- | -- | -- |
| holding | Units in a Fund that invests in Grupo Cibest | -- | -- | -- |
Footnotes (1)
- 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. The instrument has no expiration date The reported securities represent units held by the wife 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 wife 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