Grupo Cibest director receives 640.58 pension fund units
The pooled fund invests mainly in Grupo Cibest common and preferred shares, while the share-equivalent value of its units is determined at withdrawal.
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Rhea-AI Filing Summary
Cardona Andres Felipe Mejia reported acquisition or exercise transactions in this Form 4 filing. Grupo Cibest S.A. (CIB) director Cardona Andres Felipe Mejia was credited with 640.58 units in the issuer-sponsored institutional voluntary pension fund on October 19, 2026, following a voluntary cash contribution. The fund unit value that day was approximately $9.88 per unit; it was not a fixed or negotiated purchase price. The reported position after the credit was 76,929.32 fund units. The fund invests primarily in Grupo Cibest common and preferred shares, plus a small amount of cash, but the number of issuer shares attributable to the units is determined only at withdrawal. The units are payable solely in cash based on fund value at withdrawal.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Units in Grupo Cibest Equity Securities Fund F1, F2 | 640.58 | $9.88 | $6K |
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 October 19, 2026 was COP 31,394.8120 equal to approximately $9.88 per Unit using a conversion rate of COP 3,174.67 per $1.
- F2. The instrument has no expiration date.
Key Figures
Key Terms
institutional voluntary pension fund financial
unitized financial
voluntary cash contribution financial
voting or investment discretion financial
FAQ
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How many CIB fund units did director Cardona Andres Felipe Mejia receive?
Does CIB director Cardona Andres Felipe Mejia control the underlying fund assets?
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