286.4800 pension fund units credited to Grupo Cibest (NYSE: CIB) director
Rhea-AI Filing Summary
Grupo Cibest S.A. director Jaramillo Mejia Ricardo had 286.4800 additional units in the Grupo Cibest Equity Securities Fund credited on July 16, 2026, at about $8.13 (COP 26,276.51) per unit, held indirectly through an institutional voluntary pension fund administered by an independent third-party manager.
These cash-settled units, which have no expiration date and give the director no voting or investment discretion over the fund’s assets, increased the indirect position to 7,829.9003 units. The amendment corrects a prior filing that had overstated the acquired and post-transaction units as 21,666.5555 and 29,209.9773.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Jaramillo Mejia Ricardo
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Units in Grupo Cibest Equity Securities Fund F1, F2, F3 | 286.48 | $8.13 | $2K |
Holdings After Transaction:
Units in Grupo Cibest Equity Securities Fund — 7,829.9003 shares (Indirect, Director Voluntary Pension Fund Units)
Footnotes (3)
- F1. The reported securities represent units held by the reporting person in an institutional voluntary pension fund sponsored by the issuer and administered by an independent third-party manager. The fund is unitized and invests primarily in Grupo Cibest common and preferred shares, together with a small amount of cash. The reporting person does not have voting or investment discretion with respect to the assets held by the fund. The reported units were credited pursuant to a voluntary cash contribution to the fund, are not purchased at a fixed or negotiated price, and are payable solely in cash based on the value of the fund on the date of withdrawal. The number of Grupo Cibest shares economically attributable to the units cannot be determined until the date of withdrawal. The price of a Unit on July 16, 2026 was COP 26,276.51 equal to approximately $8.13 per Unit using a conversion rate of COP 3,233.91 per $1.
- F2. The Form 4/A amends the Form 4 filed on July 17, 2026, to correct the number of derivative securities acquired and beneficially owned following the reported transaction in Column 5 and 9, which were previously reported as 21,666.5555 and 29,209.9773 respectively, due to a clerical error.
- F3. The instrument has no expiration date.
Key Figures
Derivative units acquired: 286.4800 units
Per-unit value in COP: COP 26,276.51
Per-unit value in USD: $8.13
+4 more
7 metrics
Derivative units acquired
286.4800 units
Units in Grupo Cibest Equity Securities Fund credited on July 16, 2026
Per-unit value in COP
COP 26,276.51
Price of a Unit on July 16, 2026
Per-unit value in USD
$8.13
Approximately equal to COP 26,276.51 using COP 3,233.91 per $1
Exchange rate
COP 3,233.91 per $1
Used to convert COP 26,276.51 to approximately $8.13 per Unit
Units beneficially owned after transaction
7,829.9003 units
Total fund units indirectly held following the July 16, 2026 transaction
Previously reported acquired units
21,666.5555 units
Incorrect amount in the original Form 4 before this amendment
Previously reported post-transaction units
29,209.9773 units
Incorrect total holdings in the original Form 4 before this amendment
Key Terms
institutional voluntary pension fund, derivative securities, beneficially owned, independent third-party manager, +1 more
5 terms
institutional voluntary pension fund financial
"units held in an institutional voluntary pension fund sponsored by the issuer"
derivative securities financial
"correct the number of derivative securities acquired and beneficially owned"
Financial contracts whose value is tied to the price or performance of another asset, such as a stock, bond, commodity, index, or currency; examples include options, futures and swaps. They matter to investors because they let you protect against price swings, bet on future moves or gain larger exposure with less upfront cash—like using a lever or insurance policy on an investment—so they can amplify gains and losses and help manage portfolio risk.
beneficially owned financial
"securities acquired and beneficially owned following the reported transaction"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
independent third-party manager financial
"sponsored by the issuer and administered by an independent third-party manager"
expiration date financial
"The instrument has no expiration date."
The expiration date is the deadline after which a financial contract, such as an option or a futures agreement, is no longer valid or can be exercised. It matters to investors because it determines the timeframe during which they can take action or benefit from the contract, similar to how a coupon or a food item has a limited period of usefulness. Once the expiration date passes, the contract loses its value or ability to be used.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Grupo Cibest (CIB) report in this Form 4/A?
Grupo Cibest (CIB) reported that a director had 286.4800 additional units in the Grupo Cibest Equity Securities Fund credited on July 16, 2026. These are derivative units held indirectly through an institutional voluntary pension fund sponsored by the issuer.
How many Grupo Cibest (CIB) fund units were acquired and at what value?
The Form 4/A shows 286.4800 pension fund units were acquired at about $8.13 per unit. The price corresponds to COP 26,276.51 per unit, using a conversion rate of COP 3,233.91 per $1 on July 16, 2026.
What are the director’s total indirect holdings after this CIB transaction?
After the July 16, 2026 transaction, the director indirectly holds 7,829.9003 units of the Grupo Cibest Equity Securities Fund. These units are part of an institutional voluntary pension fund and are payable solely in cash based on the fund’s value at withdrawal.
What correction does this Grupo Cibest (CIB) Form 4/A make to the prior filing?
The amendment corrects a clerical error in the original Form 4, which had overstated acquired units and post-transaction holdings as 21,666.5555 and 29,209.9773 units. The Form 4/A updates these figures to the accurately reported amounts.
Does the Grupo Cibest (CIB) director control voting or investment decisions for these units?
No. The filing states the reporting person has no voting or investment discretion over the assets in the institutional voluntary pension fund. The fund is unitized and administered by an independent third-party manager that invests primarily in Grupo Cibest common and preferred shares.