Grupo Cibest (CIB) director granted units in pension fund
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Grupo Cibest S.A. director Andres Felipe Mejia Cardona reported an acquisition of 556.1000 units in the Grupo Cibest Equity Securities Fund on April 20, 2026, at approximately $7.26 per unit. Following this grant, a total of 72,614.8127 units are attributed to him on an indirect basis.
The units are held in an institutional voluntary pension fund sponsored by Grupo Cibest and managed by an independent third party. The fund is unitized and invests primarily in Grupo Cibest common and preferred shares plus a small cash position. The director has no voting or investment discretion over the fund’s assets, and the units are payable solely in cash based on fund value at withdrawal.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Mejia Cardona Andres Felipe
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Units in Grupo Cibest Equity Securities Fund | 556.1 | $7.26 | $4K |
Holdings After Transaction:
Units in Grupo Cibest Equity Securities Fund — 72,614.813 shares (Indirect, Director Voluntary Pension Fund Units)
Footnotes (1)
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Key Figures
Units acquired: 556.1000 units
Unit value (COP): COP 26,765.16 per unit
Unit value (USD equivalent): $7.26 per unit
+2 more
5 metrics
Units acquired
556.1000 units
Grant in Grupo Cibest Equity Securities Fund on April 20, 2026
Unit value (COP)
COP 26,765.16 per unit
Fund unit price on April 20, 2026
Unit value (USD equivalent)
$7.26 per unit
Converted using COP 3,615.1 per $1
Total units following transaction
72,614.8127 units
Indirect holdings in pension fund after grant
FX conversion rate
COP 3,615.1 per $1
Used to translate unit price to approximately $7.26
Key Terms
institutional voluntary pension fund, unitized, voting or investment discretion, conversion rate
4 terms
institutional voluntary pension fund financial
"units held by the reporting person in an institutional voluntary pension fund sponsored by the issuer"
unitized financial
"The fund is unitized and invests primarily in Grupo Cibest common and preferred shares"
voting or investment discretion financial
"The reporting person does not have voting or investment discretion with respect to the assets held by the fund"
conversion rate financial
"using a conversion rate of COP 3,615.1 per $1"
Conversion rate is the proportion of items, people or contracts that take a desired action out of the total possible — for example the share of website visitors who make a purchase, or the number of convertible bonds that are exchanged for shares. Investors care because it measures how effectively a business or financial instrument turns opportunity into real outcomes, like sales or share issuance, which directly affects revenue, cash flow and ownership dilution.
FAQ
What did Grupo Cibest (CIB) disclose in this Form 4 filing?
Grupo Cibest reported that director Andres Felipe Mejia Cardona acquired 556.1000 units in the Grupo Cibest Equity Securities Fund, an issuer-sponsored voluntary pension fund, credited on April 20, 2026, as an indirect holding tied to his retirement savings.
How many pension fund units are attributed to the Grupo Cibest (CIB) director after the transaction?
After the transaction, 72,614.8127 units in the Grupo Cibest Equity Securities Fund are attributed to the director. These holdings are indirect, sit inside an institutional voluntary pension fund, and are ultimately payable in cash based on the fund’s value at withdrawal.
What price was used for the Grupo Cibest (CIB) pension fund units in this Form 4?
On April 20, 2026, each unit in the Grupo Cibest Equity Securities Fund was valued at COP 26,765.16, equal to approximately $7.26 per unit, using a foreign exchange conversion rate of COP 3,615.1 per $1 disclosed in the filing footnote.
Does the Grupo Cibest (CIB) director control voting or investment decisions for these units?
No. The filing states the director has no voting or investment discretion over assets in the institutional voluntary pension fund. The fund is administered by an independent third-party manager that invests primarily in Grupo Cibest common and preferred shares plus a small cash balance.
Are the Grupo Cibest (CIB) pension fund units settled in stock or cash?
The Form 4 explains the reported units 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 those units cannot be determined until that future withdrawal date.
What does the Grupo Cibest (CIB) Equity Securities Fund invest in?
According to the footnote, the institutional voluntary pension fund is unitized and invests primarily in Grupo Cibest common and preferred shares, together with a small amount of cash. This structure links the fund’s value to the company’s equity performance over time.