Grupo Cibest (CIB) director boosts exposure via pension fund units
Rhea-AI Filing Summary
Grupo Cibest S.A. director Ricardo Jaramillo Mejia indirectly acquired additional exposure to the company through an institutional voluntary pension fund sponsored by Grupo Cibest and run by an independent manager. On April 20, 2026, he was credited with 265.6000 units in the Grupo Cibest Equity Securities Fund at approximately $7.26 per unit, funded by a voluntary cash contribution.
The fund is unitized and invests primarily in Grupo Cibest common and preferred shares plus a small cash balance, and has no expiration date. Jaramillo Mejia does not have voting or investment discretion over the fund’s assets, and the units are payable solely in cash based on fund value at withdrawal. Following this transaction, his indirect holdings in these units total 6,945.5382.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Units in Grupo Cibest Equity Securities Fund | 265.6 | $7.26 | $2K |
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 uniton April 20,2026 was COP 26,765.16 equal to approximately $7.26 per Unit using a conversion rate of COP 3,615.1 per $1. The instrument has no expiration date