Pension fund units added by Grupo Cibest (CIB) director via Form 4
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Grupo Cibest S.A. director Andres Felipe Mejia Cardona reported an indirect acquisition of 792.6875 units in the Grupo Cibest Equity Securities Fund on May 19, 2026, at about $6.29 per unit. These units are held in an institutional voluntary pension fund sponsored by the company and managed by an independent third party.
The fund invests mainly in Grupo Cibest common and preferred shares plus some cash, but the director has no voting or investment discretion over the underlying assets. The units were credited following a voluntary cash contribution and are payable only in cash based on fund value at withdrawal, with 73,407.5002 units held after this transaction.
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 | 792.688 | $6.29 | $5K |
Holdings After Transaction:
Units in Grupo Cibest Equity Securities Fund — 73,407.5 shares (Indirect, Director Voluntary Pension Fund Units)
Footnotes (1)
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Key Figures
Units acquired: 792.6875 units
Unit value (USD equivalent): $6.29 per unit
Total units after transaction: 73,407.5002 units
+2 more
5 metrics
Units acquired
792.6875 units
Acquisition in Grupo Cibest Equity Securities Fund on May 19, 2026
Unit value (USD equivalent)
$6.29 per unit
Price of a Unit on May 19, 2026
Total units after transaction
73,407.5002 units
Director’s indirect holdings following acquisition
Unit value (COP)
COP 23,885.9 per unit
Value of a Unit on May 19, 2026
FX rate used
COP 3,796.78 per $1
Conversion rate used to calculate $6.29 per unit
Key Terms
institutional voluntary pension fund, unitized, Director Voluntary Pension Fund Units, grant, award, or other acquisition, +1 more
5 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"
Director Voluntary Pension Fund Units financial
"nature_of_ownership: Director Voluntary Pension Fund Units"
grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
no voting or investment discretion financial
"The reporting person does not have voting or investment discretion with respect to the assets held by the fund"
FAQ
What insider transaction did Grupo Cibest (CIB) disclose in this Form 4?
Grupo Cibest disclosed that director Andres Felipe Mejia Cardona acquired 792.6875 units of the Grupo Cibest Equity Securities Fund on May 19, 2026. These units are held indirectly through a voluntary pension fund account linked economically to company shares and cash.
How are the reported Grupo Cibest (CIB) pension fund units structured?
The reported units represent interests in an institutional voluntary pension fund sponsored by Grupo Cibest and run by an independent manager. The fund is unitized and invests mainly in Grupo Cibest common and preferred shares, with a small cash component, giving economic exposure rather than direct share ownership.
Does the Grupo Cibest (CIB) director control voting or investment of these assets?
The filing states the director does not have voting or investment discretion over assets held by the pension fund. The independent third-party manager controls investments, so the director’s interest is economic exposure through units rather than direct control of Grupo Cibest shares or portfolio decisions.
How is the value of the Grupo Cibest (CIB) pension fund units determined?
The units are payable solely in cash based on the fund’s value on the withdrawal date. The number of Grupo Cibest shares attributable to the units cannot be determined until withdrawal, so economic exposure depends on future fund composition and market values at that time.
What price was used for the Grupo Cibest (CIB) pension fund units in this transaction?
On May 19, 2026, each unit in the Grupo Cibest Equity Securities Fund was valued at COP 23,885.9, approximately $6.29 per unit using a COP 3,796.78 per $1 conversion rate. This valuation underlies the reported acquisition of 792.6875 units by the director.
How many Grupo Cibest (CIB) pension fund units does the director hold after this transaction?
After the reported acquisition, the director’s indirect holdings total 73,407.5002 units in the Grupo Cibest Equity Securities Fund. These units are part of a voluntary pension fund arrangement, giving cash-settled economic exposure rather than a fixed number of Grupo Cibest shares.