Grupo Cibest (CIB) director acquires 21,666 pension fund units in issuer-sponsored plan
Rhea-AI Filing Summary
Grupo Cibest S.A. director Ricardo Jaramillo Mejia reported an indirect acquisition of 21,666.5555 units in the Grupo Cibest Equity Securities Fund on July 16, 2026. These institutional voluntary pension fund units, valued at COP 26,276.515609 (about $8.13) per unit using a COP 3,233.91 per $1 rate, increased his position to 29,209.9773 units. The unitized fund is sponsored by Grupo Cibest, administered by an independent third-party manager, invests mainly in Grupo Cibest common and preferred shares plus some cash, is payable solely in cash, carries no expiration date, and Jaramillo Mejia has no voting or investment discretion over its assets.
Positive
- None.
Negative
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Units in Grupo Cibest Equity Securities Fund | 21,666.556 | $8.13 | $176K |
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 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 26,276.515609 equal to approximately $8.13 per Unit using a conversion rate of COP 3,233.91 per $1. The instrument has no expiration date
Key Figures
Key Terms
institutional voluntary pension fund financial
unitized financial
Director Voluntary Pension Fund Units financial
independent third-party manager financial
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