Pension fund units credited to Grupo Cibest (CIB) accounting officer
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Grupo Cibest S.A. Principal Accounting Officer Humberto Hernandez Jorge indirectly acquired 2,485.0120 Units in the Grupo Cibest Equity Securities Fund on April 6, 2026. These are employee voluntary pension fund units sponsored by the company and administered by an independent third-party manager.
The fund is unitized and invests mainly in Grupo Cibest common and preferred shares with a small cash component, but the officer has no voting or investment discretion over the fund’s assets. The units were credited through a voluntary cash contribution and are payable only in cash based on fund value at withdrawal. After this credit, he held 15,771.0337 units, which were valued at COP 27,491.11 (about $7.479) per unit on April 6, 2026.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Humberto Hernandez Jorge
Role
Principal Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Units in Grupo Cibest Equity Securities Fund | 2,485.012 | $7.479 | $19K |
Holdings After Transaction:
Units in Grupo Cibest Equity Securities Fund — 15,771.034 shares (Indirect, Employee Voluntary Pension Fund Units)
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 April 6,2026 was COP 27,491.11 equal to approximately $7.479 per Unit using a conversion rate of COP 3,675.8 per $1. The instrument has no expiration date
Key Figures
Units acquired: 2,485.0120 units
Total units after transaction: 15,771.0337 units
Unit price (local currency): COP 27,491.11 per unit
+3 more
6 metrics
Units acquired
2,485.0120 units
Employee voluntary pension fund units credited on April 6, 2026
Total units after transaction
15,771.0337 units
Indirect holdings in Grupo Cibest Equity Securities Fund after acquisition
Unit price (local currency)
COP 27,491.11 per unit
Value of a pension fund unit on April 6, 2026
Unit price (USD equivalent)
$7.479 per unit
Approximate value using disclosed FX rate
FX rate
COP 3,675.8 per $1
Conversion rate used to derive $7.479 per unit
Instrument term
No expiration date
Footnote states the instrument has no expiration date
Key Terms
Employee Voluntary Pension Fund Units, institutional voluntary pension fund, unitized, Principal Accounting Officer, +1 more
5 terms
Employee Voluntary Pension Fund Units financial
"nature_of_ownership: "Employee Voluntary Pension Fund Units""
institutional voluntary pension fund financial
"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"
Principal Accounting Officer financial
"officer_title: "Principal Accounting Officer""
The Principal Accounting Officer is the person responsible for making sure a company's financial records are accurate and follow the rules. They play a key role in preparing financial reports that show how well the company is doing. This helps investors, managers, and regulators trust the company's financial information.
indirect ownership financial
"direct_or_indirect: "I" and ownership_type: "indirect""
FAQ
What insider transaction did Grupo Cibest (CIB) report for Humberto Hernandez Jorge?
Grupo Cibest reported that Principal Accounting Officer Humberto Hernandez Jorge indirectly acquired 2,485.0120 pension fund units on April 6, 2026. These units belong to an institutional voluntary pension fund sponsored by the company and linked economically to its common and preferred shares.
How are the Grupo Cibest (CIB) pension fund units structured in this Form 4?
The reported units are in an institutional voluntary pension fund that is unitized and invests primarily in Grupo Cibest common and preferred shares plus some cash. The number of underlying shares attributable to each unit can only be determined on the withdrawal date.
Does the Grupo Cibest (CIB) officer control voting or investments for these pension fund units?
The filing states the reporting person does not have voting or investment discretion over the pension fund’s assets. An independent third-party manager administers the fund, even though it is sponsored by Grupo Cibest, limiting the officer’s direct control over underlying investments.
How were the new Grupo Cibest (CIB) pension fund units credited to the officer?
The units were credited following a voluntary cash contribution by the reporting person into the pension fund. They are not purchased at a fixed or negotiated price and are ultimately payable solely in cash based on the fund’s value at the time of withdrawal.
What valuation details were disclosed for Grupo Cibest (CIB) pension fund units?
On April 6, 2026, each pension fund unit was priced at COP 27,491.11, approximately $7.479 per unit using a COP 3,675.8 per $1 exchange rate. This price reflects the fund’s value that day rather than a negotiated transaction price.
What is the officer’s total position in Grupo Cibest (CIB) pension fund units after the transaction?
After the April 6, 2026 acquisition, the reporting person held a total of 15,771.0337 pension fund units indirectly. These units represent an economic interest tied to Grupo Cibest securities but are settled only in cash upon withdrawal from the fund.