Grupo Cibest director awarded 255 pension units
Rhea-AI Filing Summary
Grupo Cibest S.A. (CIB) director Jaramillo Mejia Ricardo reported an indirect acquisition of 255.4500 “Units in Grupo Cibest Equity Securities Fund” on August 20, 2026, as a grant/award-type transaction. The units are held in an institutional voluntary pension fund sponsored by Grupo Cibest and administered by an independent third-party manager, where the director has no voting or investment discretion over the underlying assets.
The fund is unitized and invests primarily in Grupo Cibest common and preferred shares plus a small cash position, but the number of shares economically attributable to the units will only be known at withdrawal, and payouts are made solely in cash. After this credit, the reporting person’s fund position is 8,085.3503 units. The price of a unit on August 20, 2026 was COP 29,733.504428, equal to approximately $9.73 per unit using a COP 3,053.48 per $1 conversion rate, and the instrument has no expiration date.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 255.45 shares
Grant/Award
1 txn
Insider
Jaramillo Mejia Ricardo
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Units in Grupo Cibest Equity Securities Fund F1, F2 | 255.45 | $9.73 | $2K |
Holdings After Transaction:
Units in Grupo Cibest Equity Securities Fund — 8,085.3503 contracts (Indirect, Director Voluntary Pension Fund Units)
Footnotes (2)
- 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 August 20, 2026 was COP 29,733.504428 equal to approximately $9.73 per Unit using a conversion rate of COP 3,053.48 per $1.
- F2. The instrument has no expiration date.
Key Figures
Units acquired: 255.4500 units
Units held after transaction: 8,085.3503 units
Unit price in COP: COP 29,733.504428 per unit
+2 more
5 metrics
Units acquired
255.4500 units
Indirect acquisition in Grupo Cibest Equity Securities Fund on August 20, 2026
Units held after transaction
8,085.3503 units
Total institutional voluntary pension fund units after the reported acquisition
Unit price in COP
COP 29,733.504428 per unit
Value of a fund unit on August 20, 2026
Approximate unit price in USD
$9.73 per unit
Translated using COP 3,053.48 per $1 on August 20, 2026
FX conversion rate
COP 3,053.48 per $1
Rate used to translate COP 29,733.504428 to approximately $9.73 per unit
Key Terms
institutional voluntary pension fund, unitized, independent third-party manager, indirect ownership
4 terms
institutional voluntary pension fund financial
"The reported securities represent units held by the reporting person in an institutional voluntary pension fund"
unitized financial
"The fund is unitized and invests primarily in Grupo Cibest common and preferred shares"
independent third-party manager financial
"sponsored by the issuer and administered by an independent third-party manager"
indirect ownership financial
"reported as indirect ownership through Director Voluntary Pension Fund Units"
FAQ
What insider transaction did CIB report for Jaramillo Mejia Ricardo on August 20, 2026?
On August 20, 2026, director Jaramillo Mejia Ricardo reported an indirect acquisition of 255.4500 units in the Grupo Cibest Equity Securities Fund, classified as a grant, award, or other acquisition of derivative securities linked economically to Grupo Cibest shares.
What is the nature of the pension fund units reported for CIB’s director?
The reported holdings are units 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 benefits are payable solely in cash at withdrawal.
How many Grupo Cibest Equity Securities Fund units does the CIB director hold after the transaction?
After the August 20, 2026 transaction, the director’s institutional voluntary pension fund position is 8,085.3503 units in the Grupo Cibest Equity Securities Fund, reported as indirect ownership through the pension arrangement.
What was the unit value of the Grupo Cibest Equity Securities Fund on August 20, 2026?
On August 20, 2026, the fund’s unit price was COP 29,733.504428, which the company notes is approximately $9.73 per unit using a foreign-exchange rate of COP 3,053.48 per $1 for that date.
Does the CIB director control voting or investment decisions for the reported pension fund units?
No. The disclosure states the reporting person does not have voting or investment discretion over the assets held by the institutional voluntary pension fund; it is administered by an independent third-party manager.
Do the reported CIB pension fund units have an expiration date?
No. A footnote states that the instrument has no expiration date. The units remain outstanding in the institutional voluntary pension fund until withdrawal, when benefits are paid solely in cash based on the fund’s value at that time.
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